Lattice Capital Management LLC Purchases 3,500 Shares of Zscaler, Inc. (NASDAQ:ZS)

Lattice Capital Management LLC boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 318.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,600 shares of the company’s stock after acquiring an additional 3,500 shares during the period. Zscaler comprises about 0.7% of Lattice Capital Management LLC’s portfolio, making the stock its 12th largest position. Lattice Capital Management LLC’s holdings in Zscaler were worth $786,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ZS. DekaBank Deutsche Girozentrale boosted its holdings in shares of Zscaler by 7.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock valued at $37,495,000 after buying an additional 14,701 shares in the last quarter. Creative Planning increased its stake in Zscaler by 7.6% during the 3rd quarter. Creative Planning now owns 148,534 shares of the company’s stock valued at $25,390,000 after purchasing an additional 10,551 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Zscaler in the second quarter worth $25,287,000. Strategic Advisors LLC lifted its stake in shares of Zscaler by 470.0% during the third quarter. Strategic Advisors LLC now owns 8,140 shares of the company’s stock worth $1,391,000 after buying an additional 6,712 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Zscaler by 1,786.5% during the third quarter. Van ECK Associates Corp now owns 15,073 shares of the company’s stock valued at $2,728,000 after buying an additional 14,274 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Remo Canessa sold 8,455 shares of Zscaler stock in a transaction that occurred 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 in the company, valued at approximately $39,701,505.04. This trade represents a 3.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the transaction, the chief executive officer now owns 361,432 shares in the company, valued at $61,906,072.96. This trade represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,502 shares of company stock worth $5,256,651. Company insiders own 19.20% of the company’s stock.

Zscaler Price Performance

Shares of ZS opened at $204.96 on Thursday. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61. The firm has a 50-day moving average price of $188.06 and a 200 day moving average price of $184.21.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results 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. The business had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.17) EPS. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZS. Robert W. Baird lowered their price target on Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Needham & Company LLC reduced their price target on shares of Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a research report on Wednesday, September 4th. Piper Sandler dropped their price objective on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating on the stock in a report on Wednesday, September 4th. Finally, BMO Capital Markets decreased their target price on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Ten equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $220.29.

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.