Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. trimmed its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,731 shares of the company’s stock after selling 270 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Zscaler were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LaFleur & Godfrey LLC raised its position in shares of Zscaler by 0.6% during the 4th quarter. LaFleur & Godfrey LLC now owns 61,985 shares of the company’s stock worth $11,183,000 after purchasing an additional 399 shares during the period. Diversify Advisory Services LLC raised its position in shares of Zscaler by 18.6% during the 4th quarter. Diversify Advisory Services LLC now owns 16,321 shares of the company’s stock worth $3,101,000 after purchasing an additional 2,563 shares during the period. Kera Capital Partners Inc. acquired a new stake in shares of Zscaler during the 4th quarter worth approximately $1,869,000. KRS Capital Management LLC raised its position in shares of Zscaler by 1.9% during the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after purchasing an additional 60 shares during the period. Finally, Shelton Wealth Management LLC raised its position in shares of Zscaler by 2.8% during the 4th quarter. Shelton Wealth Management LLC now owns 6,317 shares of the company’s stock worth $1,140,000 after purchasing an additional 171 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the sale, 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 sold 10,248 shares of company stock valued at $2,052,879. Insiders own 18.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Scotiabank raised their target price on Zscaler from $205.00 to $225.00 and gave the company a “sector outperform” rating in a research report on Tuesday. Morgan Stanley lowered their target price on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their target price on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, Oppenheimer raised their target price on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.47.

Zscaler Trading Up 0.6 %

Shares of ZS stock opened at $192.93 on Thursday. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61. The company has a market capitalization of $29.60 billion, a price-to-earnings ratio of -771.72 and a beta of 0.87. The stock’s fifty day simple moving average is $195.52 and its 200-day simple moving average is $187.88.

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 analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.18) earnings per share. On average, sell-side analysts predict that Zscaler, Inc. will post -0.16 EPS for the current year.

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.