International Assets Investment Management LLC Invests $207,000 in Zscaler, Inc. (NASDAQ:ZS)

International Assets Investment Management LLC purchased a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,041 shares of the company's stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZS. LaFleur & Godfrey LLC boosted its holdings in Zscaler by 0.6% in the 4th quarter. LaFleur & Godfrey LLC now owns 61,985 shares of the company's stock valued at $11,183,000 after purchasing an additional 399 shares in the last quarter. Truist Financial Corp raised its position in Zscaler by 43.7% in the fourth quarter. Truist Financial Corp now owns 6,874 shares of the company's stock worth $1,240,000 after acquiring an additional 2,091 shares in the last quarter. Sigma Planning Corp acquired a new stake in Zscaler in the fourth quarter valued at $208,000. Y Intercept Hong Kong Ltd acquired a new stake in Zscaler in the fourth quarter valued at $528,000. Finally, IFP Advisors Inc boosted its position in shares of Zscaler by 13.8% during the 4th quarter. IFP Advisors Inc now owns 1,007 shares of the company's stock worth $182,000 after purchasing an additional 122 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Performance

Shares of ZS traded down $5.19 during mid-day trading on Monday, hitting $310.13. The company's stock had a trading volume of 544,359 shares, compared to its average volume of 2,052,849. The stock's 50-day moving average is $263.30 and its two-hundred day moving average is $220.00. The firm has a market capitalization of $48.29 billion, a PE ratio of -1,194.14 and a beta of 1.09. Zscaler, Inc. has a one year low of $153.45 and a one year high of $318.02.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The firm had revenue of $678.03 million during the quarter, compared to the consensus estimate of $667.13 million. During the same period in the prior year, the firm earned $0.88 EPS. The business's revenue was up 22.6% on a year-over-year basis. Analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In related news, insider Adam Geller sold 3,009 shares of Zscaler stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total transaction of $913,833.30. Following the completion of the transaction, the insider now directly owns 50,475 shares of the company's stock, valued at $15,329,257.50. This trade represents a 5.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew William Fraser Brown sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the sale, the director now directly owns 27,216 shares of the company's stock, valued at approximately $5,606,496. The trade was a 26.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 210,793 shares of company stock valued at $60,812,794 in the last 90 days. 18.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ZS shares. Robert W. Baird upped their price target on Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Royal Bank Of Canada upped their target price on Zscaler from $288.00 to $304.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Susquehanna lifted their price target on Zscaler from $245.00 to $320.00 and gave the stock a "positive" rating in a research note on Friday, May 30th. Piper Sandler reiterated a "neutral" rating and issued a $260.00 price objective (up from $235.00) on shares of Zscaler in a research report on Friday, May 30th. Finally, Wells Fargo & Company upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $260.00 to $385.00 in a report on Friday, June 13th. Eight investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $295.50.

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.