Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd raised its stake in Zscaler, Inc. (NASDAQ:ZS) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,816 shares of the company’s stock after purchasing an additional 1,629 shares during the period. Y.D. More Investments Ltd’s holdings in Zscaler were worth $2,585,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after acquiring an additional 129,090 shares during the period. Northern Trust Corp boosted its stake in shares of Zscaler by 5.6% in the third quarter. Northern Trust Corp now owns 556,446 shares of the company’s stock valued at $86,577,000 after buying an additional 29,405 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Zscaler by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 512,094 shares of the company’s stock valued at $79,677,000 after purchasing an additional 6,821 shares during the period. Polar Capital Holdings Plc purchased a new position in Zscaler during the third quarter worth about $61,681,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Zscaler by 10.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 302,326 shares of the company’s stock worth $66,984,000 after buying an additional 27,947 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ZS shares. Barclays cut their target price on Zscaler from $259.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Cantor Fitzgerald reissued a “neutral” rating and set a $230.00 price target on shares of Zscaler in a research report on Wednesday, April 17th. BMO Capital Markets lowered their price objective on shares of Zscaler from $268.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Macquarie restated an “outperform” rating and issued a $245.00 target price on shares of Zscaler in a research note on Tuesday, March 19th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $270.00 price objective on shares of Zscaler in a report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $230.24.

Insider Transactions at Zscaler

In other Zscaler news, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the transaction, the director now directly owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Zscaler news, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the sale, the chief financial officer now owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the sale, the director now owns 40,372 shares in the company, valued at approximately $10,129,334.80. The disclosure for this sale can be found here. Insiders have sold a total of 19,715 shares of company stock valued at $4,212,202 over the last three months. 19.20% of the stock is currently owned by corporate insiders.

Zscaler Price Performance

Shares of NASDAQ ZS traded down $0.63 during mid-day trading on Wednesday, hitting $172.31. 1,129,781 shares of the stock were exchanged, compared to its average volume of 2,188,009. The company has a market cap of $25.83 billion, a P/E ratio of -181.34 and a beta of 0.80. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. Zscaler, Inc. has a twelve month low of $84.93 and a twelve month high of $259.61. The stock’s fifty day simple moving average is $195.51 and its two-hundred day simple moving average is $203.77.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (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 during the quarter, compared to analysts’ expectations of $507.56 million. As a group, analysts forecast that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

About Zscaler

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.