Qsemble Capital Management LP Buys 173 Shares of Zscaler, Inc. (NASDAQ:ZS)

Qsemble Capital Management LP increased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,417 shares of the company’s stock after acquiring an additional 173 shares during the quarter. Qsemble Capital Management LP’s holdings in Zscaler were worth $1,097,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Zscaler in the second quarter worth about $28,000. Asset Dedication LLC grew 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 valued at $39,000 after purchasing an additional 166 shares during the period. American Capital Advisory LLC bought a new stake in Zscaler during the 2nd quarter worth approximately $50,000. GAMMA Investing LLC raised its holdings in Zscaler by 21.3% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after buying an additional 67 shares during the period. Finally, Quarry LP raised its holdings in Zscaler by 613.0% during the 2nd quarter. Quarry LP now owns 385 shares of the company’s stock worth $74,000 after buying an additional 331 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $230.00 price objective on shares of Zscaler in a research report on Wednesday, September 4th. Jefferies Financial Group increased their target price on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday. JMP Securities restated a “market outperform” rating and issued a $270.00 price target on shares of Zscaler in a report on Monday, November 4th. Needham & Company LLC decreased their price objective on Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a report on Wednesday, September 4th. Finally, KeyCorp lifted their target price on Zscaler from $220.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Ten research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $219.32.

Zscaler Stock Down 0.1 %

Shares of ZS stock opened at $210.30 on Wednesday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The company has a 50-day simple moving average of $187.27 and a 200 day simple moving average of $183.96.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. During the same period last year, the business posted ($0.17) earnings per share. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. Equities research analysts predict that Zscaler, Inc. will post -0.95 earnings per share for the current year.

Insider Buying and Selling

In other 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 transaction of $260,739.50. Following the completion of the sale, the insider now directly owns 105,806 shares in the company, valued at approximately $19,224,950.20. This represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew William Fraser Brown sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $174.10, for a total value of $1,392,800.00. Following the sale, the director now directly owns 25,907 shares in the company, valued at approximately $4,510,408.70. This trade represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,502 shares of company stock valued at $5,256,651. 19.20% of the stock is owned by company insiders.

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.