Zscaler, Inc. stock sold. (NASDAQ:ZS) by Acadian Asset Management LLC
A number of other hedge funds also made changes to their positions in the business. Maryland State Retirement and Annuity System boosted its holdings in Zscaler by 4.0% in the second quarter. Maryland State Retirement and Annuity System now owns 6,662 shares of the company’s stock valued at $975,000 after acquiring an additional 255 shares during the period. Arthur M. Cohen & Associates LLC boosted its holdings in Zscaler by 0.8% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 11,828 shares of the company’s stock valued at $1,730,000 after purchasing an additional 91 shares during the last quarter. Romano Brothers AND Company acquired a new stake in Zscaler during the second quarter worth approximately $223,000. Cambridge Investment Research Advisors Inc. Increased its holdings in Zscaler by 1.4% during the second quarter. Cambridge Investment Research Advisors Inc. 11,366 shares of the company’s stock are now worth $1,663,000 after purchasing an additional 154 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Zscaler by 13.6% during the second quarter. Janney Montgomery Scott LLC now owns 9,128 shares of the company’s stock valued at $1,335,000 after purchasing an additional 1,090 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s shares.
Insider buying and selling
In other news, insider Robert Schlossman sold 5,013 shares of Zscaler stock in a transaction on Monday, September 18th. The stock was sold at an average price of $154.45, for a total transaction of $774,257.85. Following the transaction, the insider now owns 130,764 shares in the company, valued at $20,196,499.80. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this link. In related news, insider Robert Schlossman sold 5,013 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $154.45, for a total transaction of $774,257.85. Following the completion of the sale, the insider now directly owns 130,764 shares in the company, valued at $20,196,499.80. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Also, Director Amit Sinha sold 3,680 shares of the company’s stock in a deal that occurred on Thursday, November 16th. The shares were sold at an average price of $183.94, for a total transaction of $676,899.20. Following the completion of the transaction, the director now owns 36,800 shares in the company, valued at approximately $6,768,992. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,758 shares of company stock worth $15,782,935. Company insiders own 19.80% of the company’s shares.
Zscaler stock performance
Shares of NASDAQ ZS opened at $191.96 on Tuesday. The stock’s fifty day simple moving average is $163.88 and its 200 day simple moving average is $150.40. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of -136.14 and a beta of 0.81. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.56. At Zscaler, Inc. The 52-week low is $84.93 and the 52-week high is $193.49.
Zscaler (NASDAQ:ZS – Get Free Report) last posted its quarterly earnings data on Tuesday, September 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.15. Zscaler had a negative return on equity of 31.64% and a negative net margin of 12.51%. The company had revenue of $455.00 million for the quarter, compared to the consensus estimate of $430.38 million. During the same quarter of the previous year, the company achieved earnings ($0.40) per share. Business revenues for the quarter increased by 43.0% compared to the same quarter last year. As a group, sell-side analysts expect Zscaler, Inc. to announce… About -1.11 earnings per share for the current fiscal year.
Analysts set new price targets
A number of brokerages have recently issued reports on ZS. Goldman Sachs raised their price target on shares of Zscaler from $154.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, September 7th. Stevens rerated an “overweight” rating and issued a $190.00 target price on shares of Zscaler in a research note on Wednesday, September 6th. Canaccord Genuity Group raised their target price on Zscaler from $172.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. Rosenblatt Securities raised their target price on Zscaler from $185.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Scotiabank raised their price target on Zscaler from $155.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and an average price target of $185.51.
Check out our latest stock analysis on ZS
Zscaler, Inc. operates as a cloud security company worldwide. The company offers the Zscaler Internet Access solution that provides users, workloads, IoT devices, and OT devices with secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; And the Zscaler Private Access solution, designed to provide access to managed applications hosted internally in data centers and private or public clouds.
Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Zscaler, Inc. (NASDAQ:ZS – Free Report).
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(tags for translation)Zscaler