GAMMA Investing LLC Increases Stake in Zscaler, Inc. (NASDAQ:ZS)

GAMMA Investing LLC boosted its stake in Zscaler, Inc. (NASDAQ:ZS) by 18.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 448 shares of the company’s stock after acquiring an additional 70 shares during the quarter. GAMMA Investing LLC’s holdings in Zscaler were worth $81,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZS. Quest Partners LLC acquired a new position in shares of Zscaler in the 2nd quarter valued at about $28,000. Prestige Wealth Management Group LLC acquired a new position in Zscaler during the third quarter valued at approximately $31,000. True Wealth Design LLC lifted its position in Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after buying an additional 185 shares in the last quarter. Versant Capital Management Inc grew its stake in Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after buying an additional 104 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Zscaler in the third quarter worth $38,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the sale, the insider now owns 142,866 shares in the company, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the transaction, the chief financial officer now owns 220,635 shares of the company’s stock, valued at approximately $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 sold 10,248 shares of company stock worth $2,052,879 in the last 90 days. 18.10% of the stock is currently owned by company insiders.

Zscaler Stock Performance

Shares of NASDAQ:ZS opened at $189.98 on Friday. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61. The company’s fifty day moving average is $196.86 and its two-hundred day moving average is $188.20. The stock has a market capitalization of $29.15 billion, a price-to-earnings ratio of -759.92 and a beta of 0.87.

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

Analyst Upgrades and Downgrades

ZS has been the subject of a number of research reports. Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a research report on Monday, November 18th. Wells Fargo & Company upped their target price on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $240.00 target price on shares of Zscaler in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Barclays increased their price objective on shares of Zscaler from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Eleven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $224.84.

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.