Semanteon Capital Management LP Acquires New Position in Zscaler, Inc. (NASDAQ:ZS)

Semanteon Capital Management LP bought a new stake in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,752 shares of the company’s stock, valued at approximately $1,274,000. Zscaler makes up 0.9% of Semanteon Capital Management LP’s investment portfolio, making the stock its 4th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC bought a new position in Zscaler in the 4th quarter valued at approximately $37,000. Parkside Financial Bank & Trust lifted its stake in shares of Zscaler by 582.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after acquiring an additional 134 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Zscaler during the 3rd quarter valued at $32,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Zscaler by 109.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 109 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of Zscaler by 41.1% during the fourth quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock valued at $53,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Citigroup raised their price objective on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Rosenblatt Securities upped their target price on Zscaler from $285.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. Oppenheimer boosted their price target on shares of Zscaler from $245.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. Finally, Macquarie reiterated an “outperform” rating and set a $245.00 price objective on shares of Zscaler in a research report on Tuesday, March 19th. Five analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $230.24.

Zscaler Price Performance

Shares of ZS stock traded down $2.65 during trading on Thursday, hitting $174.81. The company had a trading volume of 1,075,786 shares, compared to its average volume of 2,230,798. The stock’s 50-day moving average is $200.02 and its two-hundred day moving average is $203.19. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of -184.01 and a beta of 0.80. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler, Inc. has a 52 week low of $84.93 and a 52 week high of $259.61.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The business had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $507.56 million. As a group, analysts predict that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Syam Nair sold 2,893 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the sale, the insider now directly owns 137,294 shares in the company, valued at approximately $26,518,336.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Zscaler news, insider Syam Nair sold 2,893 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the sale, the insider now owns 137,294 shares of the company’s stock, valued at approximately $26,518,336.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The disclosure for this sale can be found here. Insiders sold 26,715 shares of company stock valued at $5,865,882 over the last three months. Insiders own 19.20% of the company’s stock.

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.