Aljian Capital Management LLC Has $1.49 Million Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Aljian Capital Management LLC decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 14.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,724 shares of the company’s stock after selling 1,516 shares during the quarter. Aljian Capital Management LLC’s holdings in Zscaler were worth $1,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Quest Partners LLC bought a new position in shares of Zscaler during the second quarter valued at $28,000. Asset Dedication LLC lifted its position in shares of Zscaler by 436.8% during the second 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 purchased a new position in Zscaler in the second quarter worth $50,000. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 67 shares during the last quarter. Finally, Quarry LP grew its holdings in Zscaler by 613.0% during the second quarter. Quarry LP now owns 385 shares of the company’s stock valued at $74,000 after purchasing an additional 331 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the sale, the chief executive officer now directly owns 361,432 shares of the company’s stock, valued at $61,906,072.96. The trade was a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Remo Canessa sold 8,455 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $1,448,172.40. Following the completion of the transaction, the chief financial officer now owns 231,793 shares of the company’s stock, valued at $39,701,505.04. This trade represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 in the last three months. 19.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ZS shares. Scotiabank reduced their target price on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 4th. BNP Paribas started coverage on Zscaler in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 target price on the stock. JMP Securities restated a “market outperform” rating and set a $270.00 price objective on shares of Zscaler in a research report on Monday, November 4th. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. Finally, Bank of America lowered shares of Zscaler from a “buy” rating to a “neutral” rating and cut their price target for the company from $265.00 to $195.00 in a research report on Wednesday, September 4th. Ten investment 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 stock. According to data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and an average target price of $217.18.

Zscaler Stock Down 3.4 %

NASDAQ:ZS opened at $201.47 on Monday. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The firm’s fifty day simple moving average is $182.23 and its 200-day simple moving average is $182.66.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data 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 analysts’ expectations of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) EPS. As a group, analysts forecast that Zscaler, Inc. will post -0.97 EPS for the current 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.