Zscaler, Inc. (NASDAQ:ZS) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,294 shares of the company’s stock after selling 219 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Zscaler were worth $1,496,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ZS. Quest Partners LLC acquired a new position in Zscaler in the second quarter valued at approximately $28,000. Prestige Wealth Management Group LLC acquired a new position in Zscaler during the 3rd quarter valued at approximately $31,000. True Wealth Design LLC grew its stake in Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after buying an additional 185 shares during the last quarter. Versant Capital Management Inc grew its stake in Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after buying an additional 104 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in Zscaler in the fourth quarter worth $36,000. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Down 1.8 %

Shares of ZS opened at $186.49 on Tuesday. The company has a 50-day moving average price of $196.90 and a two-hundred day moving average price of $188.24. The stock has a market cap of $28.61 billion, a price-to-earnings ratio of -745.96 and a beta of 0.87. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The business had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) EPS. Equities research analysts expect that Zscaler, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ZS. Guggenheim reiterated a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Barclays raised their price target on Zscaler from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. BNP Paribas assumed coverage on shares of Zscaler in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 target price for the company. JMP Securities reiterated a “market outperform” rating and issued a $240.00 price objective (down from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Finally, Canaccord Genuity Group upped their target price on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $224.84.

Insider Buying and Selling

In other news, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $741,784.96. Following the transaction, the chief financial officer now owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the sale, the insider now directly owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 in the last 90 days. Corporate insiders own 18.10% 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.