Valicenti Advisory Services Inc. Decreases Position in Zscaler, Inc. (NASDAQ:ZS)

Valicenti Advisory Services Inc. reduced its stake in Zscaler, Inc. (NASDAQ:ZS) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 14,297 shares of the company’s stock after selling 759 shares during the period. Valicenti Advisory Services Inc.’s holdings in Zscaler were worth $2,579,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZS. Prestige Wealth Management Group LLC acquired a new stake in shares of Zscaler in the 3rd quarter valued at about $31,000. True Wealth Design LLC boosted its holdings in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after acquiring an additional 185 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares during the period. Modus Advisors LLC purchased a new position in shares of Zscaler during the fourth quarter worth approximately $36,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Zscaler in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Down 2.2 %

Shares of ZS stock opened at $200.26 on Wednesday. The stock has a market cap of $30.73 billion, a P/E ratio of -804.18 and a beta of 0.87. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The business has a fifty day simple moving average of $194.82 and a 200-day simple moving average of $187.71.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. During the same period last year, the firm posted ($0.18) EPS. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on ZS shares. BNP Paribas initiated coverage on shares of Zscaler in a research note on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price target for the company. JMP Securities reiterated a “market outperform” rating and set a $240.00 target price (down previously from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and issued a $240.00 price target on shares of Zscaler in a research report on Friday, January 10th. Susquehanna upped their price objective on Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research note on Tuesday, December 3rd. Finally, Loop Capital lowered their target price on Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a research note on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $225.47.

Insider Buying and Selling

In other news, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares in the company, valued at $71,828,542.08. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock worth $2,052,879 in the last ninety days. Insiders own 18.10% of the company’s stock.

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.