Liberty Square Wealth Partners LLC Buys New Holdings in Zscaler, Inc. (NASDAQ:ZS)

Liberty Square Wealth Partners LLC bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,160 shares of the company's stock, valued at approximately $209,000.

Other institutional investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. boosted its holdings in Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after buying an additional 79 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Zscaler in the 4th quarter worth about $27,000. Colonial Trust Co SC purchased a new position in Zscaler in the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC purchased a new position in Zscaler in the 4th quarter worth approximately $29,000. Finally, Elequin Capital LP purchased a new position in Zscaler in the 4th quarter worth approximately $30,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,155 shares of Zscaler stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $429,168.25. Following the sale, the chief executive officer now directly owns 356,414 shares in the company, valued at approximately $70,979,848.10. The trade was a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $7,236,750.00. Following the completion of the sale, the insider now owns 110,566 shares in the company, valued at $27,641,500. The trade was a 20.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 241,771 shares of company stock worth $50,165,040 over the last ninety days. Company insiders own 18.10% of the company's stock.

Analyst Upgrades and Downgrades

ZS has been the topic of a number of research reports. Oppenheimer raised their target price on shares of Zscaler from $250.00 to $290.00 and gave the stock an "outperform" rating in a research note on Friday. Robert W. Baird lifted their price target on shares of Zscaler from $295.00 to $315.00 and gave the company an "outperform" rating in a research report on Friday. Truist Financial reaffirmed a "buy" rating and set a $300.00 price target (up previously from $260.00) on shares of Zscaler in a research report on Friday. Needham & Company LLC lifted their price target on shares of Zscaler from $240.00 to $310.00 and gave the company a "buy" rating in a research report on Friday. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $244.00 price target on shares of Zscaler in a research report on Thursday, March 6th. Ten research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $275.12.

Zscaler Price Performance

Shares of NASDAQ ZS traded up $22.92 during midday trading on Friday, reaching $274.03. 9,940,403 shares of the stock were exchanged, compared to its average volume of 2,045,319. The business has a 50-day simple moving average of $220.62 and a two-hundred day simple moving average of $206.33. The company has a market capitalization of $42.40 billion, a price-to-earnings ratio of -1,096.12 and a beta of 1.14. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $276.49.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.84 earnings per share 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 analysts' expectations of $667.13 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business's quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. Equities research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal 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.