1,141 Shares in Zscaler, Inc. $ZS Purchased by Compound Planning Inc.

Key Points

• Compound Planning Inc. acquired a new stake in Zscaler, purchasing 1,141 shares valued at approximately $226,000 during the first quarter.
• Zscaler's earnings for the last quarter beat estimates with $0.84 earnings per share against an expected $0.76, and the company reported a 22.6% increase in revenue year-over-year.
• Analysts have set new price targets for Zscaler, with JMP Securities raising theirs to $355.00 and a consensus target price of approximately $296.49 among multiple reports.

Compound Planning Inc. purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,141 shares of the company's stock, valued at approximately $226,000.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC lifted its position in shares of Zscaler by 284.8% during the first quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after buying an additional 94 shares during the last quarter. Colonial Trust Co SC purchased a new position in shares of Zscaler in the 4th quarter valued at approximately $28,000. Goodman Advisory Group LLC purchased a new position in shares of Zscaler in the 1st quarter valued at approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in shares of Zscaler in the 1st quarter valued at approximately $29,000. Finally, Elequin Capital LP purchased a new position in shares of Zscaler in the 4th quarter valued at approximately $30,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Performance

Shares of NASDAQ ZS traded down $3.37 during trading on Monday, hitting $277.05. 1,492,491 shares of the company were exchanged, compared to its average volume of 1,292,357. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $318.46. The company has a fifty day moving average price of $289.20 and a 200-day moving average price of $249.34. The firm has a market capitalization of $43.14 billion, a PE ratio of -1,065.58, a P/E/G ratio of 259.58 and a beta of 1.05.

Zscaler (NASDAQ:ZS - Get Free Report) last posted 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. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%.The business had revenue of $678.03 million for the quarter, compared to analyst estimates of $667.13 million. During the same quarter in the previous year, the firm earned $0.88 EPS. The company's quarterly revenue was up 22.6% compared to the same quarter last year. Research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on ZS. B. Riley began coverage on shares of Zscaler in a research report on Tuesday, August 26th. They issued a "neutral" rating and a $275.00 price objective for the company. Needham & Company LLC increased 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, May 30th. FBN Securities raised shares of Zscaler to a "strong-buy" rating in a research report on Friday, May 30th. BMO Capital Markets increased their price objective on shares of Zscaler from $233.00 to $295.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Finally, Stifel Nicolaus increased their price objective on shares of Zscaler from $270.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $296.49.

Insider Buying and Selling at Zscaler

In other news, insider Syam Nair sold 4,064 shares of Zscaler stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $1,234,236.80. Following the transaction, the insider owned 106,659 shares in the company, valued at $32,392,338.30. The trade was a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Geller sold 3,662 shares of Zscaler stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total value of $1,123,208.64. Following the transaction, the insider owned 46,813 shares in the company, valued at approximately $14,358,483.36. This represents a 7.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 168,256 shares of company stock worth $50,618,544. Corporate insiders own 18.10% of the company's stock.

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.