Guerra Pan Advisors LLC Sells 174 Shares of Zscaler, Inc. (NASDAQ:ZS)

Guerra Pan Advisors LLC lowered its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,123 shares of the company’s stock after selling 174 shares during the period. Guerra Pan Advisors LLC’s holdings in Zscaler were worth $876,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ZS. Quest Partners LLC acquired a new stake in Zscaler in the second quarter valued at approximately $28,000. Asset Dedication LLC increased its stake in Zscaler by 436.8% during the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after purchasing an additional 166 shares in the last quarter. American Capital Advisory LLC acquired a new position in Zscaler during the second quarter worth $50,000. GAMMA Investing LLC lifted its stake in shares of Zscaler by 21.3% in the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $73,000 after buying an additional 67 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Zscaler by 613.0% during the second quarter. Quarry LP now owns 385 shares of the company’s stock valued at $74,000 after buying an additional 331 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ZS has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Morgan Stanley increased their price objective on Zscaler from $202.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Monday, August 26th. Bank of America cut Zscaler from a “buy” rating to a “neutral” rating and cut their target price for the company from $265.00 to $195.00 in a research report on Wednesday, September 4th. Scotiabank lowered their price target on Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a research report on Wednesday, September 4th. Finally, Robert W. Baird cut their price objective on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $216.73.

Insider Activity

In other Zscaler news, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total value of $1,392,800.00. Following the completion of the transaction, the director now directly owns 25,907 shares of the company’s stock, valued at $4,510,408.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Robert Schlossman sold 1,435 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the transaction, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the completion of the sale, the director now directly owns 25,907 shares in the company, valued at $4,510,408.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock worth $5,256,651 over the last ninety days. Company insiders own 19.20% of the company’s stock.

Zscaler Trading Down 0.5 %

ZS opened at $195.73 on Friday. The company has a 50 day moving average of $179.05 and a 200 day moving average of $181.56. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The company has a market cap of $29.85 billion, a PE ratio of -489.31 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $592.90 million during the quarter, compared to analyst estimates of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period last year, the company earned ($0.17) earnings per share. Research analysts forecast that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal 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.