Teamwork Financial Advisors LLC Makes New Investment in Zscaler, Inc. (NASDAQ:ZS)

Teamwork Financial Advisors LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,577 shares of the company’s stock, valued at approximately $1,267,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Jones Financial Companies Lllp purchased a new position in Zscaler in the fourth quarter valued at about $29,000. Parkside Financial Bank & Trust increased its position in Zscaler by 582.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after acquiring an additional 134 shares during the period. GAMMA Investing LLC acquired a new position in shares of Zscaler during the 4th quarter valued at $37,000. Quadrant Capital Group LLC increased its position in shares of Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after purchasing an additional 70 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 4,689 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $180.93, for a total transaction of $848,380.77. Following the completion of the transaction, the chief financial officer now owns 251,467 shares in the company, valued at approximately $45,497,924.31. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 19.20% of the company’s stock.

Zscaler Trading Up 0.9 %

Zscaler stock traded up $1.74 during mid-day trading on Thursday, hitting $198.40. 855,352 shares of the company’s stock were exchanged, compared to its average volume of 2,341,165. The firm has a market capitalization of $29.99 billion, a P/E ratio of -389.02 and a beta of 0.85. Zscaler, Inc. has a fifty-two week low of $131.59 and a fifty-two week high of $259.61. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.04. The company’s 50 day simple moving average is $178.72 and its 200-day simple moving average is $202.27.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Thursday, May 30th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.24) by $0.39. The business had revenue of $553.20 million for the quarter, compared to the consensus estimate of $535.55 million. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. On average, equities analysts anticipate that Zscaler, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup decreased their target price on Zscaler from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 target price on shares of Zscaler in a report on Friday, June 21st. Morgan Stanley dropped their price objective on Zscaler from $214.00 to $202.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. UBS Group dropped their price objective on Zscaler from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Finally, Stifel Nicolaus dropped their price objective on Zscaler from $270.00 to $220.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Six research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $225.21.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.