Arthur M. Cohen & Associates LLC Has $505,000 Stake in Zscaler, Inc. (NASDAQ:ZS)

Arthur M. Cohen & Associates LLC cut its stake in Zscaler, Inc. (NASDAQ:ZS) by 57.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,900 shares of the company’s stock after selling 3,951 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Zscaler were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ZS. Quest Partners LLC bought 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 shares of Zscaler in the third quarter valued at approximately $31,000. True Wealth Design LLC boosted its holdings in Zscaler by 18,500.0% during 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 fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares in the last quarter. Finally, Modus Advisors LLC acquired a new stake in Zscaler in the 4th quarter valued at $36,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Up 0.0 %

Shares of Zscaler stock opened at $187.58 on Friday. The company has a 50 day moving average of $196.44 and a 200-day moving average of $188.12. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last issued its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $605.51 million. During the same quarter last year, the business posted ($0.18) EPS. The company’s revenue was up 26.4% compared to the same quarter last year. As a group, equities analysts forecast that Zscaler, Inc. will post -0.16 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

ZS has been the topic of several analyst reports. Stifel Nicolaus upped their target price on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Barclays raised their target price on shares of Zscaler from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.84.

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.