Modus Advisors LLC Purchases Shares of 197 Zscaler, Inc. (NASDAQ:ZS)

Modus Advisors LLC acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 197 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in Zscaler by 18.5% during the 4th quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after purchasing an additional 70 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 104 shares in the last quarter. Tidal Investments LLC raised its position in Zscaler by 278.9% during the third quarter. Tidal Investments LLC now owns 34,098 shares of the company’s stock valued at $5,829,000 after buying an additional 25,099 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Zscaler in the 3rd quarter worth about $38,000. Finally, Sanctuary Advisors LLC boosted its position in Zscaler by 48.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 11,107 shares of the company’s stock worth $1,899,000 after acquiring an additional 3,608 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ZS. BNP Paribas initiated coverage on shares of Zscaler in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of Zscaler in a research report on Tuesday, December 3rd. Citigroup boosted their price target on shares of Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Susquehanna increased their price objective on Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upped their target price on Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $224.84.

Zscaler Stock Up 2.3 %

Shares of ZS opened at $185.84 on Friday. The stock’s 50-day moving average price is $196.66 and its 200 day moving average price is $187.89. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61. The firm has a market capitalization of $28.52 billion, a price-to-earnings ratio of -743.36 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last issued its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. During the same period last year, the business earned ($0.18) earnings per share. Zscaler’s quarterly revenue was up 26.4% compared to the same quarter last year. Equities research analysts expect that Zscaler, Inc. will post -0.24 EPS for the current year.

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction dated 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 owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the transaction, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,683 shares of company stock valued at $2,313,619 over the last quarter. 18.10% of the stock is owned by company insiders.

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.