7,291 Shares in Zscaler, Inc. (NASDAQ:ZS) Acquired by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV acquired a new position in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,291 shares of the company’s stock, valued at approximately $1,422,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. grew its holdings in Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after buying an additional 79 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Zscaler in the 4th quarter worth approximately $29,000. Prestige Wealth Management Group LLC bought a new position in Zscaler in the 3rd quarter worth approximately $31,000. True Wealth Design LLC grew its holdings in Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after buying an additional 185 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after buying an additional 104 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the transaction, the insider now owns 142,866 shares in the company, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction 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 completion of 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 disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock worth $2,052,879 over the last quarter. Corporate insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

ZS opened at $206.97 on Friday. The stock has a fifty day moving average of $195.38 and a 200-day moving average of $190.31. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $251.55.

Zscaler (NASDAQ:ZS) last released its earnings results 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 company had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) earnings per share. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analyst Ratings Changes

ZS has been the subject of a number of recent analyst reports. KeyCorp increased their price objective on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Cantor Fitzgerald raised Zscaler to a “hold” rating in a research note on Monday, November 18th. Mizuho increased their price target on Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a research note on Tuesday, December 3rd. Finally, Scotiabank increased their price target on Zscaler from $205.00 to $225.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.63.

Zscaler Company 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.