SC&H Financial Advisors Inc. Makes New Investment in Zscaler, Inc. (NASDAQ:ZS)

SC&H Financial Advisors Inc. bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) in the fourth quarter, HoldingsChannel reports. The firm bought 720 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Zscaler in the first quarter valued at approximately $149,000. Morgan Stanley raised its position in shares of Zscaler by 1.9% in the second quarter. Morgan Stanley now owns 344,900 shares of the company’s stock valued at $74,520,000 after buying an additional 6,365 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Zscaler by 75.1% in the third quarter. First Horizon Advisors Inc. now owns 506 shares of the company’s stock valued at $32,000 after buying an additional 217 shares during the last quarter. Sawtooth Solutions LLC acquired a new position in shares of Zscaler in the third quarter valued at approximately $243,000. Finally, NN Investment Partners Holdings N.V. raised its position in shares of Zscaler by 47.6% in the third quarter. NN Investment Partners Holdings N.V. now owns 12,537 shares of the company’s stock valued at $3,287,000 after buying an additional 4,042 shares during the last quarter. Institutional investors own 43.41% of the company’s stock.

Shares of NASDAQ:ZS opened at $145.59 on Tuesday. Zscaler, Inc. has a 1-year low of $127.62 and a 1-year high of $376.11. The company’s fifty day moving average is $211.13 and its two-hundred day moving average is $262.51. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.38 and a quick ratio of 2.38.

Zscaler (NASDAQ:ZS – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.57) by ($0.03). The firm had revenue of $255.56 million for the quarter, compared to the consensus estimate of $241.87 million. Zscaler had a negative return on equity of 51.11% and a negative net margin of 38.47%. The firm’s revenue was up 62.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.39) EPS. Equities analysts predict that Zscaler, Inc. will post -2.34 earnings per share for the current fiscal year.

In other news, insider Robert Schlossman sold 3,157 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total transaction of $641,155.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Blasing sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the transaction, the director now owns 2,381 shares of the company’s stock, valued at approximately $595,250. The disclosure for this sale can be found here. Insiders sold a total of 36,779 shares of company stock valued at $7,896,977 in the last quarter. 20.30% of the stock is currently owned by insiders.

ZS has been the subject of a number of analyst reports. Truist Financial cut their price objective on shares of Zscaler from $335.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, May 10th. Citigroup initiated coverage on shares of Zscaler in a report on Monday, January 24th. They issued a “buy” rating and a $310.00 target price for the company. Morgan Stanley upgraded shares of Zscaler from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $330.00 to $325.00 in a report on Tuesday, January 18th. Canaccord Genuity Group lowered their target price on shares of Zscaler from $400.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Zscaler from $430.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $310.21.

Zscaler 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.

Featured Articles