5,004 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,004 shares of the company’s stock, valued at approximately $1,109,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new stake in Zscaler during the 3rd quarter worth about $32,000. KB Financial Partners LLC acquired a new stake in Zscaler during the 1st quarter worth about $39,000. Coppell Advisory Solutions LLC acquired a new stake in Zscaler during the 2nd quarter worth about $45,000. Coppell Advisory Solutions Corp. acquired a new stake in Zscaler during the 4th quarter worth about $45,000. Finally, Point72 Asset Management L.P. acquired a new stake in Zscaler during the 2nd quarter worth about $54,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the sale, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Zscaler news, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $250.90, for a total value of $1,756,300.00. Following the sale, the director now owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Syam Nair sold 2,893 shares of the business’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 value of $558,782.95. Following the completion of the sale, the insider now directly owns 137,294 shares in the company, valued at approximately $26,518,336.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,715 shares of company stock worth $7,437,172. Insiders own 19.20% of the company’s stock.

Zscaler Price Performance

ZS opened at $181.41 on Friday. Zscaler, Inc. has a one year low of $84.93 and a one year high of $259.61. The business’s 50 day moving average price is $213.11 and its 200 day moving average price is $202.34. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The firm had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $507.56 million. On average, research analysts forecast that Zscaler, Inc. will post -0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ZS has been the topic of several analyst reports. Truist Financial reaffirmed a “buy” rating and set a $260.00 price target on shares of Zscaler in a research report on Monday, April 1st. Morgan Stanley lifted 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. Oppenheimer lifted their price target on Zscaler from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. JMP Securities restated a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a research note on Friday, March 1st. Finally, Wedbush lifted their price target on Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $230.55.

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.