TCG Advisory Services LLC Acquires New Stake in Zscaler, Inc. (NASDAQ:ZS)

TCG Advisory Services LLC bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,251 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Zscaler in the fourth quarter valued at approximately $37,000. Parkside Financial Bank & Trust boosted its stake in shares of Zscaler by 582.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after purchasing an additional 134 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of Zscaler in the 3rd quarter worth approximately $32,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock valued at $46,000 after buying an additional 109 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of Zscaler by 41.1% in the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock valued at $53,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Sanford C. Bernstein lowered their target price on shares of Zscaler from $311.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. JPMorgan Chase & Co. lifted their price objective on Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Robert W. Baird increased their target price on Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Morgan Stanley boosted their price target on Zscaler from $195.00 to $214.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Finally, Citigroup increased their price target on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.24.

Insider Buying and Selling

In other news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the transaction, the director now owns 40,372 shares of the company’s stock, valued at approximately $10,129,334.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Karen Blasing sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the completion of the sale, the director now owns 40,372 shares in the company, valued at $10,129,334.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The disclosure for this sale can be found here. Insiders sold 19,715 shares of company stock worth $4,212,202 in the last 90 days. 19.20% of the stock is owned by company insiders.

Zscaler Trading Up 0.3 %

Shares of NASDAQ ZS traded up $0.58 during midday trading on Monday, reaching $177.69. 307,604 shares of the stock were exchanged, compared to its average volume of 2,156,969. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. Zscaler, Inc. has a twelve month low of $103.62 and a twelve month high of $259.61. The stock has a market capitalization of $26.64 billion, a P/E ratio of -186.43 and a beta of 0.85. The company has a 50 day simple moving average of $192.52 and a 200 day simple moving average of $203.85.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.08. The business had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. As a group, equities analysts expect that Zscaler, Inc. will post -0.8 earnings per share for the current year.

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.