Vista Investment Partners LLC Sells 132 Shares of Zscaler, Inc. (NASDAQ:ZS)

Vista Investment Partners LLC trimmed its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,188 shares of the company’s stock after selling 132 shares during the period. Vista Investment Partners LLC’s holdings in Zscaler were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Archford Capital Strategies LLC grew its position in Zscaler by 15.2% in the fourth quarter. Archford Capital Strategies LLC now owns 4,065 shares of the company’s stock worth $733,000 after acquiring an additional 535 shares in the last quarter. GSB Wealth Management LLC raised its position in Zscaler by 9.5% during the fourth quarter. GSB Wealth Management LLC now owns 2,315 shares of the company’s stock valued at $418,000 after purchasing an additional 200 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in shares of Zscaler by 7.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,952 shares of the company’s stock valued at $1,435,000 after purchasing an additional 583 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Zscaler by 3.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,871 shares of the company’s stock worth $879,000 after purchasing an additional 156 shares during the period. Finally, Zweig DiMenna Associates LLC boosted its holdings in shares of Zscaler by 29.8% in the 4th quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock worth $14,061,000 after purchasing an additional 17,900 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares in the company, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 over the last ninety days. Company insiders own 18.10% of the company’s stock.

Zscaler Price Performance

Zscaler stock opened at $193.47 on Friday. The firm has a 50 day simple moving average of $195.05 and a 200-day simple moving average of $187.79. The stock has a market cap of $29.69 billion, a price-to-earnings ratio of -773.88 and a beta of 0.87. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) EPS. Equities analysts expect that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. JMP Securities reiterated a “market outperform” rating and set a $240.00 target price (down from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. Barclays upped their price target on shares of Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Citigroup lifted their price objective on shares of Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets boosted their price objective on shares of Zscaler from $197.00 to $222.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $225.47.

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.