Syon Capital LLC Invests $668,000 in Zscaler, Inc. (NASDAQ:ZS)

Syon Capital LLC purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,017 shares of the company’s stock, valued at approximately $668,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZS. GAMMA Investing LLC acquired a new position in Zscaler during the fourth quarter valued at approximately $37,000. Parkside Financial Bank & Trust increased its holdings in shares of Zscaler by 582.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after buying an additional 134 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of Zscaler during the third quarter worth $32,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Zscaler by 109.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after buying an additional 109 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in shares of Zscaler by 41.1% during the fourth quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after buying an additional 69 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on ZS shares. Truist Financial reissued a “buy” rating and issued a $260.00 price objective on shares of Zscaler in a research note on Monday, April 1st. Citigroup increased their price target on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. The Goldman Sachs Group raised their target price on Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. JMP Securities restated a “market outperform” rating and issued a $270.00 target price on shares of Zscaler in a research note on Friday, March 1st. Finally, Needham & Company LLC restated a “strong-buy” rating and issued a $290.00 target price on shares of Zscaler in a research note on Friday, March 1st. Five research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus target price of $230.24.

Insider Activity at Zscaler

In related news, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $236.24, for a total transaction of $1,653,680.00. Following the transaction, the director now owns 39,539 shares in the company, valued at $9,340,693.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Karen Blasing sold 7,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $236.24, for a total transaction of $1,653,680.00. Following the sale, the director now owns 39,539 shares in the company, valued at $9,340,693.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the sale, the chief executive officer now owns 367,152 shares in the company, valued at approximately $70,915,408.80. The disclosure for this sale can be found here. Insiders have sold 26,715 shares of company stock worth $5,865,882 over the last 90 days. 19.20% of the stock is owned by company insiders.

Zscaler Trading Up 1.3 %

Shares of NASDAQ:ZS traded up $2.24 during midday trading on Friday, hitting $177.05. 1,189,743 shares of the stock traded hands, compared to its average volume of 2,218,018. The stock has a market capitalization of $26.54 billion, a PE ratio of -184.01 and a beta of 0.80. The business’s 50 day moving average is $200.02 and its two-hundred day moving average is $203.19. 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 one year low of $84.93 and a one year high of $259.61.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. The firm had revenue of $525.00 million during the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. As a group, research analysts forecast that Zscaler, Inc. will post -0.8 earnings per share for the current year.

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.