Baldwin Brothers LLC MA lifted its holdings in shares of Zscaler, Inc. (NASDAQ: ZS – Get Rating) by 23.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,230 shares of the company stock after acquiring an additional 230 shares during the period. Baldwin Brothers LLC MA’s holdings in Zscaler were worth $ 297,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in the stock. M&T Bank Corp lifted its holdings in Zscaler by 2.2% during the 4th quarter. M&T Bank Corp now owns 2,030 shares of the company stock valued at $ 653,000 after purchasing an additional 43 shares during the last quarter. B. Riley Wealth Management Inc. raised its stake in shares of Zscaler by 2.8% in the fourth quarter. B. Riley Wealth Management Inc. now owns 1,713 shares of the company stock worth $ 550,000 after acquiring an additional 47 shares during the last quarter. Spearhead Capital Advisors LLC raised its stake in shares of Zscaler by 2.1% in the fourth quarter. Spearhead Capital Advisors LLC now owns 2,299 shares of the company stock worth $ 739,000 after acquiring an additional 48 shares during the last quarter. Alexandria Capital LLC raised its stake in shares of Zscaler by 0.3% in the third quarter. Alexandria Capital LLC now owns 16,577 shares of the company stock worth $ 4,347,000 after acquiring an additional 49 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in shares of Zscaler by 110.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 105 shares of the company stock worth $ 34,000 after acquiring an additional 55 shares during the last quarter. 43.41% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Robert Schlossman sold 239 shares of Zscaler stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $ 150.00, for a total value of $ 35,850.00. Following the completion of the sale, the insider now owns 112,622 shares of the company stock, valued at approximately $ 16,893,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Karen Blasing sold 2,000 shares of the firm’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $ 250.00, for a total value of $ 500,000.00. Following the transaction, the director now owns 2,381 shares in the company, valued at $ 595,250. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,710 shares of company stock valued at $ 9,530,642. Insiders own 20.30% of the company stock.
Several brokerages have recently commented on ZS. Credit Suisse Group lowered their price target on shares of Zscaler from $ 410.00 to $ 310.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Morgan Stanley decreased their price objective on shares of Zscaler from $ 325.00 to $ 225.00 and set an “overweight” rating for the company in a report on Thursday, May 19th. Stifel Nicolaus decreased their price objective on shares of Zscaler from $ 310.00 to $ 300.00 and set a “buy” rating for the company in a report on Monday, March 21st. Wedbush decreased their price objective on shares of Zscaler to $ 200.00 in a report on Friday, May 27th. Finally, The Goldman Sachs Group cut their price target on shares of Zscaler from $ 326.00 to $ 281.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $ 248.26.
Shares of NASDAQ ZS opened at $ 162.76 on Friday. The company has a 50 day simple moving average of $ 167.25 and a 200 day simple moving average of $ 226.44. The firm has a market cap of $ 23.09 billion, a PE ratio of -60.96 and a beta of 1.12. Zscaler, Inc. has a 1 year low of $ 125.12 and a 1 year high of $ 376.11. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.24 and a quick ratio of 2.24.
Zscaler (NASDAQ: ZS – Get Rating) last released its earnings results on Thursday, May 26th. The company reported ($ 0.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($ 0.63) by $ 0.02. The business had revenue of $ 286.81 million during the quarter, compared to the estimate consensus of $ 271.47 million. Zscaler had a negative net margin of 38.52% and a negative return on equity of 58.37%. The company revenue for the quarter was up 62.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($ 0.30) EPS. As a group, research analysts anticipate that Zscaler, Inc. will post -2.32 earnings per share for the current fiscal year.
Zscaler Company Profile: (Get Rating)
Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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.
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