Sanctuary Advisors LLC Grows Position in Zscaler, Inc. (NASDAQ:ZS)

Sanctuary Advisors LLC raised its position in Zscaler, Inc. (NASDAQ:ZS) by 48.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,107 shares of the company’s stock after buying an additional 3,608 shares during the quarter. Sanctuary Advisors LLC’s holdings in Zscaler were worth $1,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Quest Partners LLC purchased a new position in shares of Zscaler during the second quarter worth about $28,000. Prestige Wealth Management Group LLC acquired a new stake in Zscaler during the 3rd quarter worth approximately $31,000. True Wealth Design LLC grew its stake in shares of Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Asset Dedication LLC grew its stake in shares of Zscaler by 436.8% in the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. Finally, American Capital Advisory LLC acquired a new position in shares of Zscaler in the second quarter valued at approximately $50,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Performance

ZS stock opened at $185.69 on Thursday. The company has a 50 day moving average price of $197.97 and a two-hundred day moving average price of $187.58. The stock has a market capitalization of $28.49 billion, a P/E ratio of -742.76 and a beta of 0.82. Zscaler, Inc. has a one year low of $153.45 and a one year high of $259.61.

Zscaler (NASDAQ:ZS) last released its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The firm had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same period in the prior year, the firm posted ($0.18) earnings per share. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. Research analysts forecast that Zscaler, Inc. will post -0.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZS. Wedbush lowered their price objective 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. Susquehanna boosted their price target on shares of Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus raised their price objective 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. BMO Capital Markets boosted their target price on Zscaler from $197.00 to $222.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group raised their price target on Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $224.84.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now owns 105,806 shares in the company, valued at approximately $19,224,950.20. The trade was a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the completion of the transaction, the director now owns 25,907 shares in the company, valued at $4,510,408.70. The trade was a 23.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,382 shares of company stock worth $2,495,618 in the last three months. Company insiders own 18.10% of the company’s stock.

Zscaler Company 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.