Zscaler, Inc. (NASDAQ:ZS) Stock Position Raised by Donoghue Forlines LLC

Donoghue Forlines LLC raised its position in shares of Zscaler, Inc. (NASDAQ:ZSGet Rating) by 203.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,874 shares of the company’s stock after purchasing an additional 5,280 shares during the period. Donoghue Forlines LLC’s holdings in Zscaler were worth $2,530,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZS. Mascoma Wealth Management LLC acquired a new position in shares of Zscaler during the 4th quarter valued at about $31,000. JFS Wealth Advisors LLC increased its holdings in shares of Zscaler by 110.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $34,000 after acquiring an additional 55 shares during the last quarter. Winch Advisory Services LLC increased its holdings in shares of Zscaler by 49.3% during the 3rd quarter. Winch Advisory Services LLC now owns 112 shares of the company’s stock valued at $29,000 after acquiring an additional 37 shares during the last quarter. Ahrens Investment Partners LLC acquired a new position in shares of Zscaler during the 4th quarter valued at about $48,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Zscaler during the 4th quarter valued at about $53,000. 43.41% of the stock is owned by institutional investors.

Shares of NASDAQ:ZS traded up $0.70 during mid-day trading on Tuesday, reaching $140.78. The stock had a trading volume of 64,334 shares, compared to its average volume of 2,266,829. The business’s 50 day moving average price is $211.13 and its 200 day moving average price is $262.51. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.74. The company has a market cap of $19.86 billion, a P/E ratio of -59.26 and a beta of 1.09. Zscaler, Inc. has a 1 year low of $127.62 and a 1 year high of $376.11.

Zscaler (NASDAQ:ZSGet Rating) last posted its earnings results on Thursday, February 24th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.03). The company had revenue of $255.56 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 62.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.39) EPS. Analysts predict that Zscaler, Inc. will post -2.34 earnings per share for the current fiscal year.

In related news, Director Karen Blasing sold 1,000 shares of the company’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the transaction, the director now directly owns 2,381 shares of the company’s stock, valued at approximately $595,250. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Amit Sinha sold 7,358 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total value of $1,494,336.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,779 shares of company stock valued at $7,896,977. Company insiders own 20.30% of the company’s stock.

A number of analysts have issued reports on the company. Robert W. Baird lowered their target price on Zscaler from $415.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 17th. Stifel Nicolaus decreased their price objective on Zscaler from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, March 21st. Zacks Investment Research reissued a “hold” rating on shares of Zscaler in a report on Thursday, March 3rd. UBS Group decreased their price objective on Zscaler from $350.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Zscaler from $430.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $310.21.

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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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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