Tag Archive for: Zscaler

Broderick Brian C Invests $329,000 in Zscaler, Inc. (NASDAQ:ZS)

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Broderick Brian C bought a new stake in Zscaler, Inc. (NASDAQ:ZS – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the company’s stock, valued at approximately $329,000.

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Several other institutional investors and hedge funds have also bought and sold shares of the stock. Janney Montgomery Scott LLC grew its holdings in Zscaler by 44.8% during the second quarter. Janney Montgomery Scott LLC now owns 3,981 shares of the company’s stock worth $617,000 after purchasing an additional 1,232 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Zscaler during the 2nd quarter worth approximately $1,435,000. Clear Street Markets LLC bought a new stake in Zscaler in the 3rd quarter valued at $58,000. Valeo Financial Advisors LLC lifted its holdings in Zscaler by 374.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,394 shares of the company’s stock valued at $229,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Zscaler by 35.8% during the second quarter. Parallel Advisors LLC now owns 398 shares of the company’s stock worth $60,000 after purchasing an additional 105 shares during the period. Institutional investors own 45.33% of the company’s stock.

Analyst Ratings Changes

ZS has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on Zscaler from $185.00 to $155.00 and set an “outperform” rating for the company in a report on Monday, November 28th. Macquarie began coverage on shares of Zscaler in a research report on Wednesday, November 2nd. They issued a “neutral” rating and a $155.00 target price for the company. Sumitomo Mitsui Financial Group started coverage on shares of Zscaler in a research report on Friday, October 7th. They set an “outperform” rating and a $220.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Zscaler from $190.00 to…

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Brokerages have given Zscaler, Inc. (NASDAQ:ZS) an average rating of “Moderate Buy.”

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The forty different research firms currently monitoring the stock have given shares of Zscaler, Inc. (NASDAQ: ZS) a rating of “Moderate Buy” as the overall consensus recommendation for the stock, as reported by Bloomberg.com. The stock received one of three distinct ratings from the analysts at the research firm, which were as follows:
“Sell” (based on a score of one).
“Hold” (based on a score of eleven).
“Buy” (from a score of twenty).
Recent stock coverage by brokerage firms indicates that their median price target for the next year is $199.08 per share.

Recently, the company has been in communication with a variety of analysts, and they have provided their feedback. On January 13, Needham & Company LLC expanded their coverage to incorporate Zscaler. This change took effect immediately. They suggested an investment in the stock using the “buy” command and established a price target of $210.00.

BMO Capital Markets stated in a report made public on Friday, December 2, that they had lowered their price objective on Zscaler from $162.00 to $150.00. This information was included in the report.

In a research report that was made public on January 17, Guggenheim lowered its rating for Zscaler, moving it from a “buy” recommendation to a “neutral” rating.

In a report distributed on November 28, MKM Partners announced that they were withdrawing their “buy” recommendation for Zscaler and lowering their price objective on the company from $225.00 to $190.00.

In a research report published on Friday, December 2, JMP Securities lowered their “market outperform” rating that they had previously assigned to Zscaler and reduced the price target that they had previously assigned to the company from $280.00 to $225.00. This was the final change, but certainly not the least significant.
Robert Schlossman, an insider at Zscaler, sold 5,081 shares of the company’s stock on Friday, December 16.

Another piece of Zscaler-related news has been recently discovered. The sale of the stock resulted in total revenue of $579,945.34, with the average price that each share could fetch being $114.14.

As a direct consequence of the transaction, the company insider now owns 136,198…

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LA Financiere DE L Echiquier Trims Holdings in Zscaler, Inc. (NASDAQ:ZS)

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LA Financiere DE L Echiquier cut its stake in Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,052 shares of the company’s stock after selling 12,488 shares during the quarter. Zscaler comprises about 2.1% of LA Financiere DE L Echiquier’s holdings, making the stock its 15th largest position. LA Financiere DE L Echiquier owned 0.14% of Zscaler worth $32,390,000 as of its most recent filing with the SEC.

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Several other hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. grew its position in shares of Zscaler by 6.6% in the third quarter. Daiwa Securities Group Inc. now owns 9,923 shares of the company’s stock valued at $1,631,000 after purchasing an additional 611 shares in the last quarter. Clear Street Markets LLC purchased a new position in Zscaler during the third quarter worth about $58,000. Los Angeles Capital Management LLC grew its position in Zscaler by 331.4% during the third quarter. Los Angeles Capital Management LLC now owns 27,827 shares of the company’s stock worth $4,574,000 after buying an additional 21,377 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Zscaler by 4.7% during the third quarter. Avantax Advisory Services Inc. now owns 5,319 shares of the company’s stock worth $874,000 after buying an additional 241 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in Zscaler by 10.3% during the third quarter. Kestra Advisory Services LLC now owns 23,603 shares of the company’s stock worth $3,880,000 after buying an additional 2,208 shares in the last quarter. 45.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zscaler news, COO Dali Rajic sold 7,113 shares of the company’s stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $114.14, for a total transaction of $811,877.82. Following the transaction, the chief operating officer now owns 296,820 shares in the…

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Zscaler, Inc. (NASDAQ:ZS) Position Trimmed by Pinnacle Associates Ltd.

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Pinnacle Associates Ltd. decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 20.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,394 shares of the company’s stock after selling 3,125 shares during the period. Pinnacle Associates Ltd.’s holdings in Zscaler were worth $2,037,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ZS. Janney Montgomery Scott LLC boosted its holdings in shares of Zscaler by 44.8% during the second quarter. Janney Montgomery Scott LLC now owns 3,981 shares of the company’s stock valued at $617,000 after acquiring an additional 1,232 shares during the period. Diversified Trust Co boosted its holdings in shares of Zscaler by 32.1% during the second quarter. Diversified Trust Co now owns 7,487 shares of the company’s stock valued at $1,119,000 after acquiring an additional 1,819 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of Zscaler during the second quarter valued at $1,435,000. Parallel Advisors LLC boosted its holdings in shares of Zscaler by 35.8% during the second quarter. Parallel Advisors LLC now owns 398 shares of the company’s stock valued at $60,000 after acquiring an additional 105 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Zscaler during the second quarter valued at $37,000. Institutional investors own 45.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Zscaler from $190.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, December 2nd. UBS Group reduced their price objective on shares of Zscaler from $200.00 to $180.00 and set a “buy” rating for the company in a report on Friday, December 2nd. Guggenheim reduced their price objective on shares of Zscaler to $190.00 in a report on Friday, December 2nd. Truist Financial reduced their price objective on shares…

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