Stanley Laman Group Ltd. Sells 2,614 Shares of Zscaler, Inc. (NASDAQ:ZS)

Stanley Laman Group Ltd. lowered its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,050 shares of the company’s stock after selling 2,614 shares during the quarter. Zscaler comprises 1.1% of Stanley Laman Group Ltd.’s portfolio, making the stock its 19th largest holding. Stanley Laman Group Ltd.’s holdings in Zscaler were worth $7,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after purchasing an additional 129,090 shares during the period. Northern Trust Corp boosted its position in shares of Zscaler by 5.6% in the third quarter. Northern Trust Corp now owns 556,446 shares of the company’s stock valued at $86,577,000 after acquiring an additional 29,405 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Zscaler by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 512,094 shares of the company’s stock valued at $79,677,000 after acquiring an additional 6,821 shares during the period. Polar Capital Holdings Plc bought a new stake in shares of Zscaler in the third quarter valued at approximately $61,681,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Zscaler by 10.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 302,326 shares of the company’s stock valued at $66,984,000 after acquiring an additional 27,947 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In related news, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the transaction, the director now directly owns 40,372 shares in the company, valued at approximately $10,129,334.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the sale, the chief executive officer now owns 367,152 shares in the company, valued at approximately $70,915,408.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the sale, the director now owns 40,372 shares in the company, valued at approximately $10,129,334.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,715 shares of company stock worth $5,865,882. 19.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ZS shares. JMP Securities reissued a “market outperform” rating and issued a $270.00 price objective on shares of Zscaler in a research report on Friday, March 1st. JPMorgan Chase & Co. increased their price objective on Zscaler from $212.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. KeyCorp upgraded shares of Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price target on the stock in a research note on Thursday, April 18th. Rosenblatt Securities lifted their price target on shares of Zscaler from $285.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Wedbush lifted their price target on shares of Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $230.24.

Zscaler Trading Down 1.5 %

ZS stock traded down $2.65 during midday trading on Thursday, reaching $174.81. The stock had a trading volume of 1,075,786 shares, compared to its average volume of 2,230,798. The business has a fifty day simple moving average of $200.02 and a two-hundred day simple moving average of $203.19. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. The firm has a market cap of $26.20 billion, a price-to-earnings ratio of -184.01 and a beta of 0.80. Zscaler, Inc. has a twelve month low of $84.93 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.08. The company had revenue of $525.00 million during the quarter, compared to analyst estimates of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. As a group, research analysts expect that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

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.