Centaurus Financial Inc. Makes New Investment in Zscaler, Inc. (NASDAQ:ZS)

Centaurus Financial Inc. bought a new stake in Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,922 shares of the company’s stock, valued at approximately $754,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quadrature Capital Ltd acquired a new stake in Zscaler in the first quarter valued at approximately $47,217,000. Vanguard Group Inc. grew its position in Zscaler by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company’s stock worth $1,959,426,000 after acquiring an additional 206,908 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Zscaler in the 1st quarter worth about $27,954,000. Massachusetts Financial Services Co. MA bought a new position in Zscaler in the second quarter valued at about $25,287,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Zscaler by 19.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 619,293 shares of the company’s stock valued at $119,294,000 after purchasing an additional 102,616 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZS. Morgan Stanley raised their price objective on shares of Zscaler from $202.00 to $215.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. JMP Securities reaffirmed a “market outperform” rating and set a $270.00 price target on shares of Zscaler in a research note on Wednesday, September 4th. Robert W. Baird cut their price target on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Wedbush decreased their price objective on Zscaler from $260.00 to $220.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Finally, UBS Group cut their target price on Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.09.

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 4,947 shares of the company’s stock in a transaction on 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 $18,254,563.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zscaler news, insider Robert Schlossman sold 4,947 shares of Zscaler stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $170.22, for a total transaction of $842,078.34. Following the transaction, the insider now owns 107,241 shares of the company’s stock, valued at $18,254,563.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew William Fraser Brown sold 8,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 25,907 shares of the company’s stock, valued at approximately $4,510,408.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,067 shares of company stock valued at $4,995,912 over the last 90 days. Insiders own 19.20% of the company’s stock.

Zscaler Trading Up 2.5 %

ZS opened at $173.93 on Friday. Zscaler, Inc. has a 1-year low of $149.63 and a 1-year high of $259.61. The company has a market cap of $26.29 billion, a price-to-earnings ratio of -341.04 and a beta of 0.82. The company’s fifty day moving average price is $177.60 and its two-hundred day moving average price is $181.29.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.17) EPS. As a group, equities analysts forecast 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.