Zscaler, Inc. (NASDAQ:ZS) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 19,661 shares of the company’s stock after selling 362 shares during the quarter. IFM Investors Pty Ltd’s holdings in Zscaler were worth $3,361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZS. Quest Partners LLC acquired a new stake in shares of Zscaler in the second quarter valued at $28,000. Asset Dedication LLC grew its stake in shares of Zscaler by 436.8% in the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after buying an additional 166 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of Zscaler in the second quarter valued at $50,000. GAMMA Investing LLC grew its stake in shares of 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 in the last quarter. Finally, Quarry LP grew its stake in shares of Zscaler by 613.0% in the second quarter. Quarry LP now owns 385 shares of the company’s stock valued at $74,000 after buying an additional 331 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

ZS has been the subject of a number of recent research reports. Morgan Stanley lifted their target price on Zscaler from $202.00 to $215.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Barclays decreased their target price on Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, September 4th. Scotiabank decreased their target price on Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a report on Wednesday, September 4th. Finally, Loop Capital decreased their target price on Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $216.73.

Zscaler Trading Up 0.6 %

NASDAQ ZS opened at $184.96 on Monday. The business’s 50 day moving average is $180.90 and its two-hundred day moving average is $180.68. Zscaler, Inc. has a 12-month low of $152.60 and a 12-month high of $259.61. The stock has a market capitalization of $27.96 billion, a price-to-earnings ratio of -362.67 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The company had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. Equities analysts forecast that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the transaction, the insider now owns 105,806 shares in the company, valued at approximately $19,224,950.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the sale, the chief executive officer now owns 361,432 shares of the company’s stock, valued at $61,906,072.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now directly owns 105,806 shares in the company, valued at $19,224,950.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,502 shares of company stock worth $5,256,651. Company 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.