Creative Planning Acquires 10,551 Shares of Zscaler, Inc. (NASDAQ:ZS)

Creative Planning raised its holdings in Zscaler, Inc. (NASDAQ:ZS) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 148,534 shares of the company’s stock after purchasing an additional 10,551 shares during the quarter. Creative Planning’s holdings in Zscaler were worth $25,390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZS. EverSource Wealth Advisors LLC boosted its holdings in Zscaler by 8.6% in the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock valued at $149,000 after acquiring an additional 66 shares during the last quarter. Kovack Advisors Inc. lifted its position in Zscaler by 3.4% during the 1st quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock valued at $393,000 after purchasing an additional 67 shares during the period. GAMMA Investing LLC boosted its stake in shares of Zscaler by 21.3% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $73,000 after purchasing an additional 67 shares during the last quarter. American Trust grew its position in shares of Zscaler by 6.1% during the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock worth $233,000 after buying an additional 70 shares during the period. Finally, Swedbank AB raised its stake in shares of Zscaler by 0.8% during the second quarter. Swedbank AB now owns 9,036 shares of the company’s stock worth $1,737,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ZS shares. Susquehanna reaffirmed a “positive” rating and issued a $210.00 price objective on shares of Zscaler in a research note on Thursday, September 5th. Barclays reduced their price target on Zscaler from $230.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Wells Fargo & Company dropped their price objective on Zscaler from $182.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Needham & Company LLC cut their target price on Zscaler from $290.00 to $235.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, September 4th. Finally, Piper Sandler decreased their target price on Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $216.73.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the sale, the insider now directly owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Michael J. Rich sold 4,813 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now directly owns 105,806 shares of the company’s stock, valued at $19,224,950.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $5,256,651 over the last ninety days. 19.20% of the stock is currently owned by corporate insiders.

Zscaler Trading Up 0.7 %

Shares of ZS opened at $190.01 on Monday. The stock has a market capitalization of $28.72 billion, a price-to-earnings ratio of -372.57 and a beta of 0.82. Zscaler, Inc. has a 12 month low of $152.60 and a 12 month high of $259.61. The firm has a fifty day simple moving average of $180.78 and a 200 day simple moving average of $180.70.

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

Zscaler 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.