111 Capital Acquires New Holdings in Zscaler, Inc. (NASDAQ:ZS)

111 Capital bought a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,563 shares of the company's stock, valued at approximately $643,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ZS. Global X Japan Co. Ltd. grew its holdings in shares of Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Summit Securities Group LLC purchased a new position in Zscaler during the 4th quarter valued at $27,000. Colonial Trust Co SC purchased a new position in Zscaler during the 4th quarter valued at $28,000. Stonebridge Financial Group LLC purchased a new position in Zscaler during the 4th quarter valued at $29,000. Finally, Elequin Capital LP purchased a new position in Zscaler during the 4th quarter valued at $30,000. Institutional investors own 46.45% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ZS shares. Needham & Company LLC boosted their price objective on shares of Zscaler from $240.00 to $310.00 and gave the company a "buy" rating in a research report on Friday. Evercore ISI boosted their price objective on shares of Zscaler from $245.00 to $290.00 and gave the company an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Zscaler from $275.00 to $292.00 and gave the company an "overweight" rating in a research report on Friday. Scotiabank boosted their price objective on shares of Zscaler from $242.00 to $310.00 and gave the company a "sector outperform" rating in a research report on Friday. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $244.00 target price on shares of Zscaler in a report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $275.12.

Zscaler Stock Performance

Shares of NASDAQ ZS traded up $22.92 during midday trading on Friday, hitting $274.03. 9,940,403 shares of the company's stock traded hands, compared to its average volume of 2,077,574. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $277.94. The stock has a market capitalization of $42.40 billion, a price-to-earnings ratio of -1,096.12 and a beta of 1.14. The firm has a fifty day moving average of $220.62 and a 200 day moving average of $206.35.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $678.03 million during the quarter, compared to analyst estimates of $667.13 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, equities analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Syam Nair sold 28,947 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $250.00, for a total transaction of $7,236,750.00. Following the sale, the insider now owns 110,566 shares in the company, valued at approximately $27,641,500. This represents a 20.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $200.69, for a total value of $38,227,431.20. Following the completion of the sale, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 241,771 shares of company stock valued at $50,165,040. 18.10% of the stock is owned by corporate insiders.

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.