Kovack Advisors Inc. Has $393,000 Position in Zscaler, Inc. (NASDAQ:ZS)

Kovack Advisors Inc. boosted its stake in Zscaler, Inc. (NASDAQ:ZS) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,042 shares of the company’s stock after buying an additional 67 shares during the quarter. Kovack Advisors Inc.’s holdings in Zscaler were worth $393,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in shares of Zscaler during the fourth quarter worth $29,000. GAMMA Investing LLC acquired a new stake in Zscaler during the 4th quarter worth $37,000. Parkside Financial Bank & Trust grew its stake in shares of Zscaler by 582.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after acquiring an additional 70 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Up 0.9 %

Shares of NASDAQ:ZS opened at $198.40 on Friday. The firm has a market cap of $29.99 billion, a P/E ratio of -389.02 and a beta of 0.85. Zscaler, Inc. has a 12-month low of $131.59 and a 12-month high of $259.61. The business has a fifty day simple moving average of $178.72 and a 200 day simple moving average of $202.27. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.04.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, May 30th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.39. The firm had revenue of $553.20 million for the quarter, compared to the consensus estimate of $535.55 million. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. Analysts predict that Zscaler, Inc. will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Remo Canessa sold 7,981 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the transaction, the chief financial officer now owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ZS shares. Wells Fargo & Company restated an “equal weight” rating and issued a $182.00 price target (down from $275.00) on shares of Zscaler in a report on Tuesday, May 28th. Macquarie restated an “outperform” rating and issued a $245.00 price objective on shares of Zscaler in a research note on Tuesday, March 19th. Loop Capital cut their target price on shares of Zscaler from $225.00 to $180.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Needham & Company LLC reissued a “strong-buy” rating and set a $290.00 price target on shares of Zscaler in a report on Friday, June 14th. Finally, Scotiabank cut their price objective on shares of Zscaler from $250.00 to $210.00 and set a “sector outperform” rating for the company in a report on Friday, May 31st. Six equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.21.

Zscaler Company Profile

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.