Y Intercept Hong Kong Ltd Makes New Investment in Zscaler, Inc. (NASDAQ:ZS)

Y Intercept Hong Kong Ltd acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,927 shares of the company’s stock, valued at approximately $528,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. KRS Capital Management LLC increased its holdings in Zscaler by 1.9% during the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after purchasing an additional 60 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Zscaler by 18.5% in the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after acquiring an additional 70 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Zscaler by 50.7% in the 4th quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock worth $39,000 after acquiring an additional 72 shares in the last quarter. Choreo LLC grew its position in shares of Zscaler by 2.6% in the 4th quarter. Choreo LLC now owns 2,833 shares of the company’s stock worth $517,000 after acquiring an additional 73 shares in the last quarter. Finally, Valley Brook Capital Group Inc. grew its position in shares of Zscaler by 4.0% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after acquiring an additional 75 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction on 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 directly owns 142,866 shares in the company, valued at $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. Insiders have sold 10,248 shares of company stock valued at $2,052,879 over the last three months. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

ZS opened at $196.23 on Friday. Zscaler, Inc. has a one year low of $153.45 and a one year high of $243.94. The stock’s fifty day moving average is $195.64 and its 200-day moving average is $191.49. The company has a market capitalization of $30.11 billion, a PE ratio of -784.92 and a beta of 0.89.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.18) EPS. On average, equities research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZS. BMO Capital Markets lifted 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. Scotiabank lifted their target price on Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 target price on shares of Zscaler in a research report on Tuesday, December 3rd. Stifel Nicolaus lifted their target price on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $226.56.

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.