Sapient Capital LLC Acquires New Shares in Zscaler, Inc. (NASDAQ:ZS)

Sapient Capital LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,601 shares of the company’s stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZS. B. Riley Wealth Advisors Inc. boosted its position in shares of Zscaler by 1.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock worth $585,000 after purchasing an additional 63 shares during the period. Lindbrook Capital LLC boosted its position in shares of Zscaler by 41.1% during the fourth quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after buying an additional 69 shares during the period. M&T Bank Corp grew its stake in shares of Zscaler by 2.6% in the third quarter. M&T Bank Corp now owns 3,079 shares of the company’s stock valued at $479,000 after buying an additional 79 shares in the last quarter. Pursue Wealth Partners LLC raised its holdings in shares of Zscaler by 0.4% in the 4th quarter. Pursue Wealth Partners LLC now owns 22,051 shares of the company’s stock valued at $4,886,000 after buying an additional 83 shares during the period. Finally, DB Fitzpatrick & Co Inc lifted its stake in Zscaler by 2.0% during the 3rd quarter. DB Fitzpatrick & Co Inc now owns 4,835 shares of the company’s stock worth $752,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ZS. Barclays decreased their price target on shares of Zscaler from $259.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Needham & Company LLC restated a “strong-buy” rating and set a $290.00 price target on shares of Zscaler in a report on Friday, March 1st. JMP Securities reiterated a “market outperform” rating and issued a $270.00 price objective on shares of Zscaler in a research note on Friday, March 1st. Cantor Fitzgerald restated a “neutral” rating and set a $230.00 target price on shares of Zscaler in a research note on Wednesday, April 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus target price of $230.24.

Zscaler Stock Up 0.6 %

ZS opened at $178.14 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $26.70 billion, a price-to-earnings ratio of -187.52 and a beta of 0.85. Zscaler, Inc. has a one year low of $103.62 and a one year high of $259.61. The business’s fifty day moving average is $191.25 and its two-hundred day moving average is $203.91.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results 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 company 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%. Analysts anticipate that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

Insider Activity at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction on 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 directly owns 367,152 shares in the company, valued at $70,915,408.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Remo Canessa sold 7,707 shares of the firm’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 $1,488,607.05. Following the completion of the sale, the chief financial officer now directly owns 255,943 shares in the company, valued at $49,435,390.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,715 shares of company stock valued at $4,212,202. 19.20% of the stock is owned by insiders.

Zscaler Company 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.