Prentice Wealth Management LLC Has $268,000 Position in Zscaler, Inc. (NASDAQ:ZS)

Prentice Wealth Management LLC cut its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,483 shares of the company’s stock after selling 142 shares during the quarter. Prentice Wealth Management LLC’s holdings in Zscaler were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in Zscaler by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock worth $277,327,000 after buying an additional 60,414 shares in the last quarter. Champlain Investment Partners LLC increased its position in shares of Zscaler by 28.2% in the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after acquiring an additional 283,540 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in Zscaler by 33.8% during the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after acquiring an additional 100,814 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Zscaler by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after purchasing an additional 37,801 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Zscaler by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,070 shares of the company’s stock valued at $60,696,000 after purchasing an additional 16,634 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 3,703 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 $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the 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 of the company’s stock, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock valued at $2,052,879 over the last three months. 18.10% of the stock is owned by insiders.

Analyst Ratings Changes

ZS has been the topic of a number of analyst reports. Jefferies Financial Group upped their price objective on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Loop Capital dropped their price target on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a research report on Tuesday, December 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 price objective on shares of Zscaler in a research report on Tuesday, December 3rd. Piper Sandler upped their target price on shares of Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer raised their target price on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.56.

Zscaler Stock Performance

NASDAQ:ZS opened at $198.56 on Friday. The company has a market cap of $30.47 billion, a price-to-earnings ratio of -794.24 and a beta of 0.89. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $251.55. The stock has a fifty day moving average price of $195.38 and a 200-day moving average price of $190.54.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Zscaler’s revenue was up 26.4% compared to the same quarter last year. Research analysts predict that Zscaler, Inc. will post -0.1 EPS 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.