Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. trimmed its stake in Zscaler, Inc. (NASDAQ:ZS) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,342 shares of the company’s stock after selling 182 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Zscaler were worth $603,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ZS. Dimensional Fund Advisors LP grew its holdings in Zscaler by 13.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 160,828 shares of the company’s stock worth $30,908,000 after buying an additional 18,758 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Zscaler by 62.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 17,219 shares of the company’s stock worth $3,309,000 after purchasing an additional 6,593 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Zscaler during the second quarter valued at $1,200,000. Maverick Capital Ltd. bought a new stake in shares of Zscaler during the second quarter valued at about $434,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Zscaler by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 6,388 shares of the company’s stock worth $1,228,000 after purchasing an additional 464 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ZS. Wells Fargo & Company boosted their price target on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. JMP Securities reissued a “market outperform” rating and set a $240.00 target price (down previously from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Oppenheimer increased their price target on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. BMO Capital Markets boosted their price objective on Zscaler from $197.00 to $222.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Loop Capital lowered their target price on Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and an average target price of $225.47.

Insider Transactions at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction 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. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the completion of the transaction, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 in the last 90 days. 18.10% of the stock is owned by insiders.

Zscaler Trading Up 0.4 %

ZS opened at $193.47 on Friday. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The stock has a fifty day moving average price of $195.05 and a 200 day moving average price of $187.79. The stock has a market cap of $29.69 billion, a price-to-earnings ratio of -773.88 and a beta of 0.87.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. The business 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 firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) EPS. As a group, sell-side analysts forecast that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal 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.