Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,853 shares of the company’s stock after selling 3,304 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Zscaler were worth $4,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Global X Japan Co. Ltd. grew its holdings in shares of Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Zscaler during the fourth quarter valued at approximately $29,000. Prestige Wealth Management Group LLC bought a new position in shares of Zscaler during the third quarter valued at approximately $31,000. True Wealth Design LLC grew its holdings in Zscaler by 18,500.0% in 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 in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Zscaler by 136.8% in 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 in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ZS. JMP Securities reissued 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. Piper Sandler increased their price objective on Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Morgan Stanley decreased their price objective on Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $225.63.

Insider Transactions at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,703 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 transaction of $741,784.96. Following the transaction, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction 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 transaction, the insider now directly owns 142,866 shares in the company, valued at $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. Over the last ninety days, insiders have sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by insiders.

Zscaler Stock Performance

ZS opened at $211.14 on Thursday. The stock has a fifty day moving average of $194.59 and a 200-day moving average of $188.86. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $255.00.

Zscaler (NASDAQ:ZS) last released its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same quarter in the prior year, the company earned ($0.18) earnings per share. The company’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 -0.1 EPS for the current fiscal year.

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.