Capital Impact Advisors LLC Has $574,000 Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Capital Impact Advisors LLC decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 89.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,346 shares of the company’s stock after selling 28,154 shares during the period. Capital Impact Advisors LLC’s holdings in Zscaler were worth $574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. bought a new position in Zscaler in the 1st quarter valued at approximately $149,000. Los Angeles Capital Management LLC lifted its stake in Zscaler by 430.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 21,088 shares of the company’s stock valued at $4,211,000 after purchasing an additional 17,110 shares during the last quarter. Renaissance Technologies LLC bought a new position in Zscaler in the 4th quarter valued at approximately $4,487,000. M&T Bank Corp lifted its stake in Zscaler by 23.3% in the 4th quarter. M&T Bank Corp now owns 2,139 shares of the company’s stock valued at $428,000 after purchasing an additional 404 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Zscaler by 926.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,827 shares of the company’s stock valued at $764,000 after purchasing an additional 3,454 shares during the last quarter. Institutional investors and hedge funds own 39.80% of the company’s stock.

Shares of NASDAQ ZS opened at $231.06 on Thursday. The firm’s 50-day simple moving average is $204.17. Zscaler, Inc. has a 1 year low of $116.88 and a 1 year high of $236.46. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.77.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Monday, May 24th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $176.40 million during the quarter, compared to analysts’ expectations of $163.73 million. Zscaler had a negative net margin of 38.30% and a negative return on equity of 36.46%. The business’s revenue was up 59.6% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. As a group, research analysts anticipate that Zscaler, Inc. will post -1.36 EPS for the current fiscal year.

In related news, CFO Remo Canessa sold 51,196 shares of the firm’s stock in a transaction dated Thursday, June 10th. The shares were sold at an average price of $200.01, for a total transaction of $10,239,711.96. Following the transaction, the chief financial officer now directly owns 367,915 shares of the company’s stock, valued at $73,586,679.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Blasing sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $193.85, for a total transaction of $387,700.00. Following the transaction, the director now directly owns 3,763 shares in the company, valued at $729,457.55. The disclosure for this sale can be found here. Insiders have sold 155,971 shares of company stock valued at $31,952,762 over the last quarter. Corporate insiders own 21.40% of the company’s stock.

ZS has been the subject of several analyst reports. BTIG Research raised their price target on shares of Zscaler from $240.00 to $253.00 and gave the company a “buy” rating in a research note on Friday, July 2nd. JMP Securities raised their price target on shares of Zscaler from $200.00 to $240.00 and gave the company a “market outperform” rating in a research note on Wednesday, June 16th. Canaccord Genuity reaffirmed a “buy” rating and set a $300.00 price target (up previously from $250.00) on shares of Zscaler in a research note on Thursday, July 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Zscaler from $215.00 to $282.00 and gave the company a “buy” rating in a research note on Monday, July 12th. Finally, Barclays raised their price target on shares of Zscaler from $190.00 to $206.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 26th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Zscaler currently has an average rating of “Buy” and a consensus price target of $221.19.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, internet of things, and device 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 internally managed applications, either hosted internally in data centers, and private or public clouds.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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