BDF Gestion purchased a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,500 shares of the company's stock, valued at approximately $2,480,000.
A number of other hedge funds also recently made changes to their positions in ZS. Mission Wealth Management LP acquired a new position in Zscaler in the first quarter worth about $1,228,000. Optas LLC raised its holdings in shares of Zscaler by 103.3% in the 1st quarter. Optas LLC now owns 2,989 shares of the company's stock worth $593,000 after buying an additional 1,519 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Zscaler during the 1st quarter worth approximately $1,585,000. Wealth Enhancement Advisory Services LLC boosted its stake in Zscaler by 10.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,072 shares of the company's stock valued at $4,975,000 after buying an additional 2,378 shares in the last quarter. Finally, Matauro LLC bought a new stake in Zscaler in the first quarter valued at $1,502,000. Institutional investors and hedge funds own 46.45% of the company's stock.
Zscaler Trading Up 1.0%
NASDAQ:ZS traded up $3.07 during trading hours on Monday, reaching $305.02. The company had a trading volume of 2,566,285 shares, compared to its average volume of 2,053,582. The firm has a market cap of $47.49 billion, a price-to-earnings ratio of -1,220.08 and a beta of 1.09. The firm's 50 day moving average price is $241.25 and its 200-day moving average price is $212.83. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $309.19.
Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. The company had revenue of $678.03 million for the quarter, compared to the consensus estimate of $667.13 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm's revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. On average, analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.
Insider Buying and Selling at Zscaler
In other Zscaler news, major shareholder Ajay Mangal sold 120,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $300.89, for a total transaction of $36,106,800.00. Following the transaction, the insider now owns 2,550,210 shares in the company, valued at $767,332,686.90. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Schlossman sold 2,878 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $573,153.70. Following the transaction, the insider now owns 107,587 shares in the company, valued at $21,425,951.05. The trade was a 2.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,242 shares of company stock valued at $55,463,017 in the last 90 days. Insiders own 18.10% of the company's stock.
Analyst Ratings Changes
ZS has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $260.00 to $385.00 in a research note on Friday. Bank of America lifted their price objective on Zscaler from $285.00 to $340.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Roth Capital restated a "neutral" rating on shares of Zscaler in a report on Wednesday, May 28th. Wall Street Zen raised Zscaler from a "hold" rating to a "buy" rating in a report on Sunday, June 8th. Finally, Stifel Nicolaus increased their price objective on shares of Zscaler from $270.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Eight 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $294.03.
View Our Latest Analysis on Zscaler
About Zscaler
(
Free Report)
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.
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