Zscaler, Inc. (NASDAQ:ZS) Shares Sold by STF Management LP

STF Management LP lessened its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,141 shares of the company’s stock after selling 214 shares during the quarter. STF Management LP’s holdings in Zscaler were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Zscaler by 13,498.6% during the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock valued at $48,769,000 after acquiring an additional 283,201 shares during the last quarter. GuoLine Advisory Pte Ltd acquired a new position in shares of Zscaler during the 3rd quarter valued at about $32,660,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Zscaler during the 2nd quarter valued at about $25,287,000. Rokos Capital Management LLP acquired a new position in shares of Zscaler during the 1st quarter valued at about $17,880,000. Finally, Caxton Associates LP lifted its position in Zscaler by 467.9% in the second quarter. Caxton Associates LP now owns 79,500 shares of the company’s stock valued at $15,279,000 after buying an additional 65,500 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael J. Rich sold 4,813 shares of Zscaler stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the transaction, the insider now owns 103,259 shares of the company’s stock, valued at $17,686,201.52. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the transaction, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at $61,906,072.96. This trade represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,502 shares of company stock worth $5,256,651. Corporate insiders own 19.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on ZS shares. Stifel Nicolaus upped their target price on shares of Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. UBS Group decreased their target price on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Wedbush decreased their target price on shares of Zscaler from $260.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Piper Sandler decreased their target price on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Finally, Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a research report on Monday. Ten analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $217.79.

Zscaler Price Performance

NASDAQ:ZS opened at $207.30 on Friday. The firm’s fifty day moving average price is $185.67 and its 200 day moving average price is $183.33. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61. The firm has a market cap of $31.61 billion, a price-to-earnings ratio of -518.25 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. Zscaler’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period last year, the firm posted ($0.17) EPS. As a group, analysts expect that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.

About Zscaler

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.