RPG Investment Advisory LLC Grows Position in Zscaler, Inc. (NASDAQ:ZS)

RPG Investment Advisory LLC increased its position in Zscaler, Inc. (NASDAQ:ZS) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,719 shares of the company’s stock after purchasing an additional 956 shares during the quarter. RPG Investment Advisory LLC’s holdings in Zscaler were worth $8,429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ZS. Global X Japan Co. Ltd. lifted its stake in shares of Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the period. Stonebridge Financial Group LLC bought a new position in Zscaler during the 4th quarter valued at approximately $29,000. Prestige Wealth Management Group LLC bought a new position in Zscaler during the 3rd quarter valued at approximately $31,000. True Wealth Design LLC increased its position in Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after buying an additional 185 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 4.1 %

Shares of Zscaler stock opened at $198.56 on Monday. The stock’s 50-day simple moving average is $195.38 and its 200-day simple moving average is $190.89. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $251.55. The company has a market capitalization of $30.47 billion, a price-to-earnings ratio of -794.24 and a beta of 0.89.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 business had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The business’s revenue was up 26.4% on a year-over-year basis. On average, equities analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Transactions at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares in the company, valued at $71,828,542.08. The trade was 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. 18.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ZS. Citigroup raised their price objective on Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Oppenheimer raised their price objective on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price objective on shares of Zscaler in a research report on Friday, January 10th. Finally, Cantor Fitzgerald raised Zscaler to a “hold” rating in a report on Monday, November 18th. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and an average price target of $226.56.

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.