bLong Financial LLC Buys New Stake in Zscaler, Inc. (NASDAQ:ZS)

bLong Financial LLC bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,915 shares of the company’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Champlain Investment Partners LLC raised its holdings in shares of Zscaler by 28.2% in the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock worth $220,401,000 after buying an additional 283,540 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Zscaler by 13,498.6% in the third quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock worth $48,769,000 after buying an additional 283,201 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after buying an additional 100,814 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Zscaler by 59.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company’s stock worth $34,421,000 after buying an additional 71,297 shares during the last quarter. Finally, Thematics Asset Management raised its holdings in shares of Zscaler by 88.5% in the third quarter. Thematics Asset Management now owns 147,000 shares of the company’s stock worth $25,128,000 after buying an additional 69,000 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

NASDAQ:ZS opened at $212.70 on Friday. The company’s 50-day moving average price is $194.79 and its 200-day moving average price is $189.35. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $255.00.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period last year, the firm posted ($0.18) earnings per share. On average, research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Transactions at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of Zscaler 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 of the company’s stock, valued at $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares in the company, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,248 shares of company stock valued at $2,052,879. Corporate insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Scotiabank raised their price target on shares of Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Wells Fargo & Company raised their price target on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Canaccord Genuity Group increased their price objective on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Susquehanna increased their price objective 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. Eleven research 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, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $225.63.

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.