Capital Impact Advisors LLC Invests $866,000 in Zscaler, Inc. (NASDAQ:ZS)

Capital Impact Advisors LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to its most recent filing with the SEC. The fund bought 4,507 shares of the company’s stock, valued at approximately $866,000. Zscaler accounts for 2.4% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 8th largest holding.

A number of other hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in shares of Zscaler during the fourth quarter valued at about $29,000. Quest Partners LLC bought a new stake in shares of Zscaler during the second quarter valued at about $28,000. Asset Dedication LLC increased its position in shares of Zscaler by 436.8% during the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after buying an additional 166 shares during the period. American Capital Advisory LLC purchased a new position in shares of Zscaler during the second quarter worth about $50,000. Finally, GAMMA Investing LLC grew its holdings in shares of Zscaler by 103.2% during the first quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock worth $61,000 after purchasing an additional 160 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Trading Up 0.5 %

ZS opened at $171.77 on Monday. The stock has a fifty day simple moving average of $178.92 and a two-hundred day simple moving average of $181.84. The company has a market cap of $26.19 billion, a price-to-earnings ratio of -336.80 and a beta of 0.82. Zscaler, Inc. has a 12-month low of $146.71 and a 12-month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The business had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, analysts predict that Zscaler, Inc. will post -0.95 EPS for the current year.

Insiders Place Their Bets

In other news, insider Michael J. Rich sold 4,813 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the transaction, the insider now directly owns 103,259 shares in the company, valued at $17,686,201.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michael J. Rich sold 4,813 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the transaction, the insider now directly owns 103,259 shares in the company, valued at $17,686,201.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total value of $1,392,800.00. Following the transaction, the director now owns 25,907 shares of the company’s stock, valued at $4,510,408.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,120 shares of company stock worth $4,153,834. 19.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ZS shares. Mizuho lowered Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price objective for the company. in a report on Tuesday, July 16th. Raymond James started coverage on Zscaler in a report on Tuesday, July 23rd. They set a “market perform” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $230.00 price objective on shares of Zscaler in a report on Wednesday, September 4th. Robert W. Baird cut their price objective on Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Finally, Barclays cut their target price on Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.39.

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.