Woodstock Corp Buys 11,817 Shares of Zscaler, Inc. (NASDAQ:ZS)

Woodstock Corp increased its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 32.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,852 shares of the company's stock after purchasing an additional 11,817 shares during the quarter. Woodstock Corp's holdings in Zscaler were worth $9,495,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ZS. LaFleur & Godfrey LLC raised its holdings in Zscaler by 0.6% in the 4th quarter. LaFleur & Godfrey LLC now owns 61,985 shares of the company's stock worth $11,183,000 after acquiring an additional 399 shares during the period. Blue Trust Inc. raised its holdings in shares of Zscaler by 31.7% in the fourth quarter. Blue Trust Inc. now owns 2,051 shares of the company's stock valued at $351,000 after purchasing an additional 494 shares during the last quarter. R Squared Ltd purchased a new stake in Zscaler in the 4th quarter worth approximately $38,000. Swedbank AB boosted its position in Zscaler by 12.6% during the 4th quarter. Swedbank AB now owns 12,797 shares of the company's stock valued at $2,309,000 after buying an additional 1,434 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Zscaler during the fourth quarter valued at approximately $36,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ZS has been the subject of a number of analyst reports. Susquehanna increased their target price on shares of Zscaler from $245.00 to $320.00 and gave the company a "positive" rating in a research report on Friday. Wedbush increased their price target on Zscaler from $240.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley boosted their price objective on shares of Zscaler from $200.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Friday. BNP Paribas raised Zscaler from a "neutral" rating to an "outperform" rating and set a $260.00 price target for the company in a research note on Monday, April 28th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $260.00 target price (up previously from $235.00) on shares of Zscaler in a research report on Friday. Ten analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $277.32.

Insider Buying and Selling

In related news, insider Robert Schlossman sold 2,878 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $573,153.70. Following the completion of the sale, the insider now directly owns 107,587 shares of the company's stock, valued at approximately $21,425,951.05. This trade represents a 2.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the transaction, the insider now directly owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. This represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,771 shares of company stock valued at $50,165,040 over the last three months. 18.10% of the stock is owned by company insiders.

Zscaler Stock Up 0.6%

Shares of NASDAQ:ZS traded up $1.85 during midday trading on Tuesday, reaching $295.03. The company's stock had a trading volume of 3,942,270 shares, compared to its average volume of 2,062,645. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $297.91. The firm has a market cap of $45.65 billion, a price-to-earnings ratio of -1,180.12 and a beta of 1.14. The business has a 50 day moving average price of $222.26 and a 200 day moving average price of $206.95.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. The business 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 firm's revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Sell-side analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.