Gladstone Institutional Advisory LLC Takes $245,000 Position in Zscaler, Inc. (NASDAQ:ZS)

Gladstone Institutional Advisory LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,104 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new stake in Zscaler in the fourth quarter valued at approximately $9,674,000. Nordea Investment Management AB boosted its holdings in Zscaler by 463.5% in the 4th quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock worth $6,629,000 after buying an additional 24,514 shares during the last quarter. Vanguard Group Inc. increased its stake in Zscaler by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after buying an additional 129,090 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Zscaler by 272.6% in the third quarter. AQR Capital Management LLC now owns 41,894 shares of the company’s stock worth $6,518,000 after acquiring an additional 30,650 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its stake in Zscaler by 41.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 9,170 shares of the company’s stock valued at $2,032,000 after purchasing an additional 2,677 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zscaler

In other Zscaler news, insider Syam Nair sold 2,893 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the transaction, the insider now owns 137,294 shares in the company, valued at approximately $26,518,336.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the transaction, the chief financial officer now owns 255,943 shares in the company, valued at approximately $49,435,390.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Syam Nair sold 2,893 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the transaction, the insider now directly owns 137,294 shares of the company’s stock, valued at approximately $26,518,336.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,715 shares of company stock worth $2,455,902. 19.20% of the stock is owned by insiders.

Zscaler Stock Down 0.2 %

ZS stock traded down $0.27 during mid-day trading on Friday, hitting $171.64. 1,291,143 shares of the company were exchanged, compared to its average volume of 1,586,682. Zscaler, Inc. has a 1-year low of $125.25 and a 1-year high of $259.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The firm’s 50 day simple moving average is $181.26 and its 200 day simple moving average is $204.87. The firm has a market cap of $25.73 billion, a P/E ratio of -180.67 and a beta of 0.85.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The business had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. On average, sell-side analysts predict that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZS has been the topic of a number of analyst reports. BMO Capital Markets reduced their price objective on Zscaler from $268.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $290.00 price target on shares of Zscaler in a research report on Friday, March 1st. Wedbush upped their price target on Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Rosenblatt Securities upped their target price on shares of Zscaler from $285.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, The Goldman Sachs Group upped their price objective on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Five research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target of $230.76.

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.