LaFleur & Godfrey LLC Has $10.53 Million Stake in Zscaler, Inc. (NASDAQ:ZS)

LaFleur & Godfrey LLC raised its stake in Zscaler, Inc. (NASDAQ:ZS) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,586 shares of the company’s stock after purchasing an additional 3,534 shares during the period. Zscaler accounts for approximately 1.5% of LaFleur & Godfrey LLC’s investment portfolio, making the stock its 22nd biggest position. LaFleur & Godfrey LLC’s holdings in Zscaler were worth $10,528,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ZS. Quest Partners LLC acquired a new stake in shares of Zscaler during the 2nd quarter worth $28,000. Asset Dedication LLC raised its position in 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 purchasing an additional 166 shares during the last quarter. American Capital Advisory LLC bought a new stake in shares of Zscaler during the second quarter worth about $50,000. GAMMA Investing LLC increased its stake in shares of Zscaler by 103.2% in the first quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $61,000 after buying an additional 160 shares during the period. Finally, Sanders Morris Harris LLC bought a new position in Zscaler in the 1st quarter valued at approximately $67,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of NASDAQ ZS traded down $2.75 during trading on Wednesday, reaching $192.41. The stock had a trading volume of 512,982 shares, compared to its average volume of 2,103,772. The company has a market cap of $29.34 billion, a P/E ratio of -487.89 and a beta of 0.82. Zscaler, Inc. has a fifty-two week low of $152.60 and a fifty-two week high of $259.61. The business’s 50-day moving average price is $179.62 and its 200-day moving average price is $180.64.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. During the same quarter in the prior year, the business posted ($0.17) EPS. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. Analysts forecast that Zscaler, Inc. will post -0.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZS has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $230.00 price target on shares of Zscaler in a report on Wednesday, September 4th. BMO Capital Markets cut their price target on Zscaler from $208.00 to $197.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley lifted their price target on shares of Zscaler from $202.00 to $215.00 and gave the company an “equal weight” rating in a research report on Monday, August 26th. Loop Capital lowered their price objective on shares of Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Scotiabank lowered their target price on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating on the stock in a report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $216.97.

Insider Buying and Selling

In related news, CFO Remo Canessa sold 8,455 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the sale, the chief financial officer now owns 231,793 shares of the company’s stock, valued at $39,701,505.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Remo Canessa sold 8,455 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $1,448,172.40. Following the completion of the sale, the chief financial officer now owns 231,793 shares of the company’s stock, valued at $39,701,505.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Schlossman sold 1,435 shares of the company’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 completion of the transaction, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,502 shares of company stock valued at $5,256,651. Corporate insiders own 19.20% of the company’s stock.

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.