Blue Trust Inc. Buys 305 Shares of Zscaler, Inc. (NASDAQ:ZS)

Blue Trust Inc. lifted its stake in Zscaler, Inc. (NASDAQ:ZS) by 24.4% in the third quarter, HoldingsChannel.com reports. The firm owned 1,557 shares of the company’s stock after purchasing an additional 305 shares during the quarter. Blue Trust Inc.’s holdings in Zscaler were worth $266,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ZS. Quest Partners LLC acquired a new position in Zscaler during the 2nd quarter valued at about $28,000. Asset Dedication LLC raised its stake in shares of Zscaler by 436.8% during the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after buying an additional 166 shares during the last quarter. American Capital Advisory LLC bought a new stake in shares of Zscaler during the second quarter worth approximately $50,000. GAMMA Investing LLC lifted its holdings in Zscaler by 21.3% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $73,000 after buying an additional 67 shares during the period. Finally, Quarry LP boosted its stake in Zscaler by 613.0% in the second quarter. Quarry LP now owns 385 shares of the company’s stock valued at $74,000 after acquiring an additional 331 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Trading Up 1.6 %

Shares of ZS opened at $183.93 on Friday. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of -360.65 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 $181.06 and a 200 day simple moving average of $180.75.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.09. The firm had revenue of $592.90 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm 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.

Analyst Ratings Changes

Several analysts have commented on ZS shares. Scotiabank dropped their target price on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a research report on Wednesday, September 4th. Oppenheimer dropped their price objective on Zscaler from $260.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their target price on Zscaler from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. UBS Group decreased their target price on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, Cantor Fitzgerald cut their price target on shares of Zscaler from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.73.

Insider Activity at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $488,490.56. Following the completion of the transaction, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zscaler news, insider Robert Schlossman sold 4,947 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $488,490.56. Following the completion of the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,502 shares of company stock valued at $5,256,651. Insiders own 19.20% of the company’s stock.

About Zscaler

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.