Woodstock Corp Purchases 5,976 Shares of Zscaler, Inc. (NASDAQ:ZS)

Woodstock Corp lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,035 shares of the company’s stock after acquiring an additional 5,976 shares during the period. Woodstock Corp’s holdings in Zscaler were worth $6,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of Zscaler during the 2nd quarter valued at about $28,000. Prestige Wealth Management Group LLC bought a new position in Zscaler during the third quarter valued at approximately $31,000. True Wealth Design LLC boosted its holdings in Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after purchasing an additional 185 shares during the last quarter. Versant Capital Management Inc grew its position in Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares during the period. Finally, Modus Advisors LLC purchased a new stake in Zscaler during the 4th quarter valued at $36,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on ZS shares. BNP Paribas started coverage on Zscaler in a report on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of Zscaler in a research note on Friday, January 10th. Piper Sandler increased their price objective on shares of Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. KeyCorp boosted their target price on shares of Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Citigroup increased their price target on shares of Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.84.

Insider Transactions at Zscaler

In related news, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the transaction, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is currently owned by company insiders.

Zscaler Stock Performance

Shares of ZS opened at $187.55 on Friday. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The company’s fifty day moving average is $196.61 and its 200 day moving average is $188.20. The stock has a market capitalization of $28.78 billion, a PE ratio of -750.20 and a beta of 0.87.

Zscaler (NASDAQ:ZS) last announced its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.18) EPS. As a group, research analysts forecast that Zscaler, Inc. will post -0.16 earnings per share for the current 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.