Sheaff Brock Investment Advisors LLC Sells 77 Shares of Zscaler, Inc. (NASDAQ:ZS)

Sheaff Brock Investment Advisors LLC trimmed its stake in Zscaler, Inc. (NASDAQ:ZS) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,934 shares of the company’s stock after selling 77 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Zscaler were worth $710,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. KRS Capital Management LLC grew its holdings in shares of Zscaler by 1.9% during the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after purchasing an additional 60 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Zscaler by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after purchasing an additional 70 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Zscaler by 50.7% during the fourth quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock worth $39,000 after purchasing an additional 72 shares during the last quarter. Choreo LLC grew its holdings in shares of Zscaler by 2.6% during the fourth quarter. Choreo LLC now owns 2,833 shares of the company’s stock worth $517,000 after purchasing an additional 73 shares during the last quarter. Finally, Valley Brook Capital Group Inc. grew its holdings in shares of Zscaler by 4.0% during the third quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after purchasing an additional 75 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the firm’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 value of $741,784.96. Following the completion of the transaction, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Syam Nair sold 3,682 shares of the firm’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 value of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares of the company’s stock, 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. 18.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Jefferies Financial Group increased their target price on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho increased their target price on Zscaler from $210.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 price target on shares of Zscaler in a research note on Tuesday, December 3rd. Citigroup upped their price target on Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, BTIG Research upped their price target on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.63.

Zscaler Stock Performance

NASDAQ:ZS opened at $212.70 on Monday. The company has a market cap of $32.64 billion, a PE ratio of -850.80 and a beta of 0.89. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $255.00. The stock has a 50-day simple moving average of $194.79 and a 200 day simple moving average of $189.42.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) 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 the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. Zscaler’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the company earned ($0.18) earnings per share. On average, research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.