Caprock Group LLC Invests $210,000 in Zscaler, Inc. (NASDAQ:ZS)

Caprock Group LLC acquired a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,228 shares of the company’s stock, valued at approximately $210,000.

Other large investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its position in shares of Zscaler by 3.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,104 shares of the company’s stock worth $790,000 after buying an additional 149 shares during the period. UniSuper Management Pty Ltd boosted its position in Zscaler by 116.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,300 shares of the company’s stock worth $250,000 after acquiring an additional 700 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Zscaler by 59.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,229 shares of the company’s stock worth $429,000 after acquiring an additional 834 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Zscaler by 11.8% in the first quarter. Janus Henderson Group PLC now owns 9,121 shares of the company’s stock worth $1,757,000 after purchasing an additional 963 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC boosted its holdings in Zscaler by 14.9% during the first quarter. Grandeur Peak Global Advisors LLC now owns 23,839 shares of the company’s stock worth $4,592,000 after purchasing an additional 3,086 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Zscaler from $220.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets decreased their price target on Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Oppenheimer dropped their price objective on Zscaler from $260.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a research note on Monday, November 18th. Finally, 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 report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.55.

Zscaler Trading Up 1.8 %

NASDAQ ZS opened at $210.96 on Monday. The company has a market cap of $32.17 billion, a price-to-earnings ratio of -527.39 and a beta of 0.82. The company has a 50 day moving average of $186.49 and a 200-day moving average of $183.69. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61.

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

Insiders Place Their Bets

In other news, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 25,907 shares in the company, valued at $4,510,408.70. This trade represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 over the last ninety days. Corporate 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.