Retireful LLC Acquires Shares of 11,465 Zscaler, Inc. (NASDAQ:ZS)

Retireful LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,465 shares of the company's stock, valued at approximately $2,540,000. Zscaler accounts for approximately 1.1% of Retireful LLC's portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of ZS. Nordea Investment Management AB raised its position in shares of Zscaler by 463.5% in the 4th quarter. Nordea Investment Management AB now owns 29,803 shares of the company's stock worth $6,629,000 after acquiring an additional 24,514 shares in the last quarter. Vanguard Group Inc. raised its holdings in Zscaler by 1.5% in the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company's stock worth $1,343,810,000 after purchasing an additional 129,090 shares in the last quarter. AQR Capital Management LLC raised its holdings in Zscaler by 272.6% in the third quarter. AQR Capital Management LLC now owns 41,894 shares of the company's stock worth $6,518,000 after purchasing an additional 30,650 shares in the last quarter. DNB Asset Management AS lifted its position in shares of Zscaler by 0.5% during the fourth quarter. DNB Asset Management AS now owns 21,180 shares of the company's stock valued at $4,693,000 after buying an additional 111 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Zscaler by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 293,732 shares of the company's stock valued at $45,702,000 after buying an additional 7,184 shares in the last quarter. Institutional investors own 46.45% of the company's stock.

Zscaler Trading Up 0.7 %

NASDAQ:ZS traded up $1.33 during trading hours on Friday, reaching $183.34. 1,807,994 shares of the stock were exchanged, compared to its average volume of 1,753,955. Zscaler, Inc. has a twelve month low of $84.93 and a twelve month high of $259.61. The business has a 50-day moving average of $218.74 and a two-hundred day moving average of $201.15. The company has a market capitalization of $27.48 billion, a price-to-earnings ratio of -192.99 and a beta of 0.80. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.08. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. The firm had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. On average, equities analysts predict that Zscaler, Inc. will post -0.81 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ZS. Barclays dropped their target price on Zscaler from $259.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, March 1st. JMP Securities restated a "market outperform" rating and set a $270.00 price objective on shares of Zscaler in a report on Friday, March 1st. Cantor Fitzgerald reiterated a "neutral" rating and issued a $230.00 target price on shares of Zscaler in a research note on Wednesday, March 27th. Macquarie reaffirmed an "outperform" rating and issued a $245.00 price target on shares of Zscaler in a report on Tuesday, March 19th. Finally, Truist Financial reissued a "buy" rating and set a $260.00 price objective on shares of Zscaler in a report on Monday, April 1st. Six research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Zscaler presently has a consensus rating of "Moderate Buy" and an average target price of $230.55.

Insider Buying and Selling

In other news, insider Syam Nair sold 2,893 shares of the firm's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the sale, the insider now directly owns 137,294 shares in the company, valued at approximately $26,518,336.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Syam Nair sold 2,893 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the sale, the insider now owns 137,294 shares of the company's stock, valued at approximately $26,518,336.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Remo Canessa sold 7,707 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the sale, the chief financial officer now owns 255,943 shares of the company's stock, valued at approximately $49,435,390.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,715 shares of company stock worth $7,437,172. Company insiders own 19.20% 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.