Los Angeles Capital Management LLC Buys 20,000 Shares of Zscaler, Inc. (NASDAQ:ZS)

Los Angeles Capital Management LLC lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 30.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,172 shares of the company's stock after buying an additional 20,000 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.06% of Zscaler worth $18,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BluePath Capital Management LLC purchased a new stake in shares of Zscaler in the third quarter valued at $32,000. Parkside Financial Bank & Trust boosted its stake in shares of Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company's stock worth $35,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Zscaler during the 4th quarter worth about $37,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Zscaler by 109.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company's stock worth $46,000 after buying an additional 109 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Zscaler by 41.1% in the fourth quarter. Lindbrook Capital LLC now owns 237 shares of the company's stock valued at $53,000 after buying an additional 69 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Remo Canessa sold 7,707 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the transaction, the chief financial officer now directly owns 255,943 shares of the company's stock, valued at $49,435,390.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,115 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 value of $408,512.25. Following the sale, the chief executive officer now owns 367,152 shares of the company's stock, valued at $70,915,408.80. The disclosure for this sale can be found here. Insiders sold 19,715 shares of company stock worth $4,212,202 in the last quarter. 19.20% of the stock is owned by company insiders.

Zscaler Price Performance

Shares of ZS stock traded up $0.74 during midday trading on Friday, reaching $177.11. 2,492,869 shares of the company were exchanged, compared to its average volume of 1,497,322. Zscaler, Inc. has a 12 month low of $86.93 and a 12 month high of $259.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $26.55 billion, a P/E ratio of -186.43 and a beta of 0.85. The company's 50 day moving average price is $192.52 and its two-hundred day moving average price is $203.40.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. The firm had revenue of $525.00 million for the quarter, compared to analysts' expectations of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. On average, sell-side analysts expect that Zscaler, Inc. will post -0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on ZS shares. Truist Financial restated a "buy" rating and issued a $260.00 price target on shares of Zscaler in a report on Monday, April 1st. Wedbush lifted their price target on shares of Zscaler from $250.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Robert W. Baird upped their price objective on Zscaler from $255.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. JMP Securities reiterated a "market outperform" rating and issued a $270.00 target price on shares of Zscaler in a report on Friday, March 1st. Finally, Morgan Stanley upped their price target on Zscaler from $195.00 to $214.00 and gave the stock an "equal weight" rating in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $230.24.

Zscaler 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.