Bouvel Investment Partners LLC Purchases 241 Shares of Zscaler, Inc. (NASDAQ:ZS)

Bouvel Investment Partners LLC grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,547 shares of the company’s stock after purchasing an additional 241 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Zscaler were worth $3,166,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ZS. EverSource Wealth Advisors LLC lifted its stake in Zscaler by 8.6% in the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock valued at $149,000 after buying an additional 66 shares during the period. American Trust boosted its stake in Zscaler by 6.1% during the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock worth $233,000 after acquiring an additional 70 shares during the last quarter. GAMMA Investing LLC grew its holdings in Zscaler by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock valued at $81,000 after purchasing an additional 70 shares during the period. Valley Brook Capital Group Inc. raised its holdings in Zscaler by 4.0% in the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after purchasing an additional 75 shares during the period. Finally, Cynosure Group LLC boosted its position in shares of Zscaler by 4.4% during the third quarter. Cynosure Group LLC now owns 2,131 shares of the company’s stock worth $364,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other news, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the sale, the insider now directly owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,248 shares of company stock worth $2,052,879. Company insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of a number of research analyst reports. Loop Capital decreased their target price on Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a research note on Tuesday, December 3rd. Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a report on Monday, November 18th. Scotiabank lifted their price target on shares of Zscaler from $195.00 to $205.00 and gave the company a “sector outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada restated an “outperform” rating and set a $230.00 price objective on shares of Zscaler in a research note on Tuesday, December 3rd. Finally, Oppenheimer upped their target price on Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $224.84.

Zscaler Stock Down 1.3 %

Shares of ZS stock opened at $187.55 on Friday. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $259.61. The stock’s fifty day simple moving average is $196.61 and its 200 day simple moving average is $188.20. The firm has a market capitalization of $28.78 billion, a P/E ratio of -750.20 and a beta of 0.87.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The firm’s revenue was up 26.4% compared to the same quarter last year. As a group, equities research analysts expect that Zscaler, Inc. will post -0.16 EPS for the current fiscal year.

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.