Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lessened its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 81.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 470 shares of the company’s stock after selling 2,020 shares during the period. Central Pacific Bank Trust Division’s holdings in Zscaler were worth $80,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ZS. Jones Financial Companies Lllp purchased a new stake in shares of Zscaler in the fourth quarter valued at $29,000. Quest Partners LLC purchased a new stake in shares of Zscaler in the second quarter valued at $28,000. Asset Dedication LLC lifted its holdings in shares of Zscaler by 436.8% in the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after purchasing an additional 166 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of Zscaler in the second quarter valued at $50,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Zscaler by 103.2% in the first quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $61,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of NASDAQ:ZS traded up $4.30 during midday trading on Friday, hitting $173.93. The company’s stock had a trading volume of 1,748,228 shares, compared to its average volume of 2,108,972. The stock has a market capitalization of $26.29 billion, a price-to-earnings ratio of -341.04 and a beta of 0.82. The stock’s 50 day simple moving average is $177.60 and its 200 day simple moving average is $181.29. Zscaler, Inc. has a fifty-two week low of $149.63 and a fifty-two week high of $259.61.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $592.90 million for 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 revenue was up 30.3% compared to the same quarter last year. During the same period last year, the business posted ($0.17) earnings per share. As a group, analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ZS. JPMorgan Chase & Co. reduced their target price on Zscaler from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, September 4th. Raymond James assumed coverage on shares of Zscaler in a research note on Tuesday, July 23rd. They issued a “market perform” rating on the stock. UBS Group dropped their price target on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Mizuho downgraded shares of Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price target on the stock. in a research note on Tuesday, July 16th. Finally, Oppenheimer dropped their price target on shares of Zscaler from $260.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $218.09.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 4,947 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $170.22, for a total value of $842,078.34. Following the completion of the sale, the insider now owns 107,241 shares in the company, valued at approximately $18,254,563.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Robert Schlossman sold 4,947 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $170.22, for a total value of $842,078.34. Following the completion of the sale, the insider now owns 107,241 shares in the company, valued at approximately $18,254,563.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $488,490.56. Following the sale, the chief executive officer now directly owns 361,432 shares in the company, valued at $61,906,072.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,067 shares of company stock worth $4,995,912. Company insiders own 19.20% of the company’s stock.

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.