7,570 Shares in Zscaler, Inc. (NASDAQ:ZS) Purchased by Matauro LLC

Matauro LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,570 shares of the company's stock, valued at approximately $1,502,000.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its position in Zscaler by 120.1% during the fourth quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock valued at $173,921,000 after purchasing an additional 525,956 shares in the last quarter. Natixis acquired a new stake in Zscaler in the fourth quarter valued at approximately $87,775,000. Greenvale Capital LLP acquired a new stake in Zscaler in the fourth quarter valued at approximately $72,164,000. Pictet Asset Management Holding SA lifted its stake in Zscaler by 25.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock valued at $291,935,000 after acquiring an additional 332,307 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Zscaler by 148.7% in the first quarter. Assenagon Asset Management S.A. now owns 474,431 shares of the company's stock valued at $94,137,000 after acquiring an additional 283,637 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on ZS. Evercore ISI lifted their target price on shares of Zscaler from $245.00 to $290.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. JMP Securities lifted their target price on shares of Zscaler from $240.00 to $310.00 and gave the company a "market outperform" rating in a research note on Friday, May 30th. UBS Group reiterated a "buy" rating and issued a $315.00 target price (up from $260.00) on shares of Zscaler in a research note on Friday, May 30th. Roth Capital restated a "neutral" rating on shares of Zscaler in a research note on Wednesday, May 28th. Finally, BMO Capital Markets boosted their price objective on shares of Zscaler from $233.00 to $295.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Eight equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and an average target price of $292.38.

Insider Transactions at Zscaler

In other Zscaler news, insider Syam Nair sold 28,947 shares of Zscaler stock in a transaction on Friday, May 16th. The shares were sold at an average price of $250.00, for a total value of $7,236,750.00. Following the sale, the insider now directly owns 110,566 shares in the company, valued at approximately $27,641,500. The trade was a 20.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ajay Mangal sold 190,480 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the transaction, the insider now owns 2,580,210 shares in the company, valued at $517,822,344.90. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 386,722 shares of company stock valued at $93,690,448 over the last three months. 18.10% of the stock is currently owned by corporate insiders.

Zscaler Trading Up 0.2%

Shares of NASDAQ:ZS traded up $0.52 during trading on Friday, hitting $301.95. 2,065,800 shares of the company's stock were exchanged, compared to its average volume of 2,053,438. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $306.78. The firm has a 50-day moving average price of $241.25 and a two-hundred day moving average price of $212.72. The firm has a market cap of $47.01 billion, a P/E ratio of -1,207.80 and a beta of 1.09.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $678.03 million during the quarter, compared to analysts' expectations of $667.13 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. Zscaler's revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS. As a group, research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current 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.