Zscaler, Inc. $ZS Shares Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its investment in Zscaler, Inc. by 5.0%, owning 29,306 shares worth approximately $5.82 million as of the most recent quarter.
• Insider trading activity is notable, with executives Raj Judge and Robert Schlossman each selling shares recently, decreasing their holdings by 3.73% and 3.44% respectively.
• Zscaler's stock has a current price of $273.07 and has shown a 22.6% year-over-year revenue growth, despite reporting a negative net margin.

B. Metzler seel. Sohn & Co. AG increased its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,306 shares of the company's stock after buying an additional 1,391 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Zscaler were worth $5,815,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quintet Private Bank Europe S.A. increased its position in Zscaler by 4.7% during the first 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 during the last quarter. Cerity Partners LLC increased its position in Zscaler by 0.3% during the first quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock worth $4,549,000 after purchasing an additional 68 shares during the last quarter. Koshinski Asset Management Inc. increased its position in Zscaler by 2.6% during the first quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company's stock worth $556,000 after purchasing an additional 70 shares during the last quarter. Choreo LLC increased its position in Zscaler by 2.7% during the first quarter. Choreo LLC now owns 2,909 shares of the company's stock worth $577,000 after purchasing an additional 76 shares during the last quarter. Finally, GSB Wealth Management LLC increased its position in Zscaler by 3.5% during the first quarter. GSB Wealth Management LLC now owns 2,395 shares of the company's stock worth $475,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZS. Robert W. Baird upped their price target on shares of Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Guggenheim reaffirmed a "neutral" rating on shares of Zscaler in a research report on Friday, May 30th. Bank of America upped their price target on shares of Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. BTIG Research reaffirmed a "buy" rating on shares of Zscaler in a research report on Thursday, July 10th. Finally, Wedbush upped their price target on shares of Zscaler from $240.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $296.49.

Zscaler Stock Performance

Shares of ZS stock traded down $3.37 on Friday, hitting $277.05. The stock had a trading volume of 1,492,491 shares, compared to its average volume of 1,379,851. The firm has a market capitalization of $43.14 billion, a price-to-earnings ratio of -1,065.58, a P/E/G ratio of 259.58 and a beta of 1.06. The stock's 50 day moving average is $289.20 and its 200-day moving average is $249.10. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $318.46.

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

Insiders Place Their Bets

In other news, insider Robert Schlossman sold 4,618 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $300.00, for a total value of $1,385,400.00. Following the completion of the transaction, the insider directly owned 95,612 shares in the company, valued at approximately $28,683,600. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew William Fraser Brown sold 20,333 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $296.72, for a total transaction of $6,033,207.76. Following the completion of the transaction, the director owned 27,216 shares of the company's stock, valued at $8,075,531.52. This trade represents a 42.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,256 shares of company stock valued at $50,618,544. Corporate 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.