RPG Investment Advisory LLC Acquires 956 Shares of Zscaler, Inc. (NASDAQ:ZS)

RPG Investment Advisory LLC grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 46,719 shares of the company’s stock after buying an additional 956 shares during the period. RPG Investment Advisory LLC’s holdings in Zscaler were worth $8,429,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ZS. Global X Japan Co. Ltd. grew its stake in shares of Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after buying an additional 79 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Zscaler during the fourth quarter valued at approximately $29,000. Prestige Wealth Management Group LLC bought a new position in shares of Zscaler during the third quarter valued at approximately $31,000. True Wealth Design LLC boosted its holdings in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the period. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of ZS opened at $198.56 on Monday. The business’s 50-day moving average is $195.38 and its two-hundred day moving average is $190.89. The company has a market capitalization of $30.47 billion, a P/E ratio of -794.24 and a beta of 0.89. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $251.55.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) EPS. Analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,248 shares of company stock valued at $2,052,879. Company insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZS. JMP Securities reiterated a “market outperform” rating and issued a $240.00 price target (down previously from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Scotiabank upped their target price on Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Jefferies Financial Group upped their target price on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company upped their target price on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus target price of $226.56.

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.