Zscaler, Inc. (NASDAQ:ZS) Shares Purchased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 34.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,041 shares of the company’s stock after acquiring an additional 15,350 shares during the period. Zweig DiMenna Associates LLC’s holdings in Zscaler were worth $10,263,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quest Partners LLC bought a new stake in shares of Zscaler in the second quarter worth $28,000. Asset Dedication LLC increased its position in shares of Zscaler by 436.8% in the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after purchasing an additional 166 shares during the last quarter. American Capital Advisory LLC acquired a new stake in shares of Zscaler in the 2nd quarter valued at about $50,000. GAMMA Investing LLC lifted its position in shares of Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after purchasing an additional 67 shares during the last quarter. Finally, Quarry LP grew its stake in Zscaler by 613.0% in the second quarter. Quarry LP now owns 385 shares of the company’s stock worth $74,000 after purchasing an additional 331 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the transaction, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew William Fraser Brown sold 8,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the sale, the director now directly owns 25,907 shares of the company’s stock, valued at $4,510,408.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 in the last ninety days. 19.20% of the stock is currently owned by corporate insiders.

Zscaler Price Performance

ZS opened at $183.93 on Friday. Zscaler, Inc. has a 1-year low of $152.60 and a 1-year high of $259.61. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of -360.65 and a beta of 0.82. The business has a 50 day moving average price of $181.06 and a two-hundred day moving average price of $180.75.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $220.00 price objective on shares of Zscaler in a research note on Wednesday, September 4th. Barclays dropped their price target on Zscaler from $230.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $270.00 price objective on shares of Zscaler in a report on Wednesday, September 4th. BTIG Research dropped their target price on shares of Zscaler from $220.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Piper Sandler reduced their price target on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $216.73.

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.