ASR Vermogensbeheer N.V. Acquires Shares of 3,336 Zscaler, Inc. (NASDAQ:ZS)

Key Points

• ASR Vermogensbeheer N.V. has acquired 3,336 shares of Zscaler, Inc., valued at approximately $662,000, during the first quarter.
• Zscaler's stock has seen analysts project a price target range from $255.00 to $348.00, with the company maintaining an average rating of "Moderate Buy."
• Company executives have recently sold shares, with insiders disposing of 200,793 shares valued at nearly $58.75 million in the past 90 days.

ASR Vermogensbeheer N.V. bought a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,336 shares of the company's stock, valued at approximately $662,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZS. Quintet Private Bank Europe S.A. grew its position in Zscaler by 4.7% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company's stock worth $222,000 after purchasing an additional 50 shares in the last quarter. Cerity Partners LLC grew its position in Zscaler by 0.3% during the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock worth $4,549,000 after purchasing an additional 68 shares in the last quarter. Koshinski Asset Management Inc. grew its position in Zscaler by 2.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company's stock worth $556,000 after purchasing an additional 70 shares in the last quarter. Choreo LLC grew its position in Zscaler by 2.7% during the 1st quarter. Choreo LLC now owns 2,909 shares of the company's stock worth $577,000 after purchasing an additional 76 shares in the last quarter. Finally, GSB Wealth Management LLC grew its position in Zscaler by 3.5% during the 1st quarter. GSB Wealth Management LLC now owns 2,395 shares of the company's stock worth $475,000 after purchasing an additional 80 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ZS shares. Barclays lifted their price objective on shares of Zscaler from $275.00 to $290.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Cantor Fitzgerald boosted their price target on shares of Zscaler from $290.00 to $340.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Truist Financial restated a "buy" rating and set a $300.00 price target (up from $260.00) on shares of Zscaler in a report on Friday, May 30th. JMP Securities boosted their price target on shares of Zscaler from $310.00 to $355.00 and gave the company a "market outperform" rating in a report on Tuesday, July 1st. Finally, Mizuho boosted their price target on shares of Zscaler from $275.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Seven research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of "Moderate Buy" and a consensus target price of $296.82.

Zscaler Trading Up 1.6%

Zscaler stock traded up $4.25 on Tuesday, reaching $275.43. 1,123,820 shares of the stock were exchanged, compared to its average volume of 1,630,514. The stock has a market cap of $42.88 billion, a PE ratio of -1,059.35, a PEG ratio of 243.13 and a beta of 1.06. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $318.46. The firm has a fifty day moving average price of $296.56 and a two-hundred day moving average price of $242.81.

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

Insider Buying and Selling at Zscaler

In other news, Director Andrew William Fraser Brown sold 20,333 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $296.72, for a total value of $6,033,207.76. Following the completion of the transaction, the director owned 27,216 shares in the company, valued at approximately $8,075,531.52. This represents a 42.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Geller sold 3,662 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total transaction of $1,123,208.64. Following the transaction, the insider directly owned 46,813 shares of the company's stock, valued at $14,358,483.36. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 200,793 shares of company stock valued at $58,752,794 in the last three months. Company insiders own 18.10% of the company's stock.

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.