National Bank of Canada FI Grows Stock Position in Zscaler, Inc. (NASDAQ:ZS)

National Bank of Canada FI lifted its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 191.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,161 shares of the company's stock after buying an additional 66,409 shares during the period. National Bank of Canada FI owned about 0.07% of Zscaler worth $21,483,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Zscaler by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company's stock valued at $1,343,810,000 after acquiring an additional 129,090 shares during the period. Northern Trust Corp boosted its holdings in Zscaler by 5.6% in the third quarter. Northern Trust Corp now owns 556,446 shares of the company's stock worth $86,577,000 after purchasing an additional 29,405 shares during the last quarter. Bank of New York Mellon Corp grew its position in Zscaler by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 512,094 shares of the company's stock worth $79,677,000 after purchasing an additional 6,821 shares during the period. Polar Capital Holdings Plc purchased a new stake in Zscaler during the 3rd quarter valued at $61,681,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Zscaler by 10.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 302,326 shares of the company's stock valued at $66,984,000 after buying an additional 27,947 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. KeyCorp raised shares of Zscaler from a "sector weight" rating to an "overweight" rating and set a $220.00 target price for the company in a report on Thursday, April 18th. Sanford C. Bernstein lowered their target price on Zscaler from $311.00 to $280.00 and set an "outperform" rating on the stock in a research report on Friday, March 1st. Wedbush upped their price target on Zscaler from $250.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Citigroup raised their price objective on Zscaler from $235.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $230.00 price objective on shares of Zscaler in a research note on Wednesday, April 17th. Five equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.24.

Insider Buying and Selling

In other news, insider Syam Nair sold 2,893 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the sale, the insider now owns 137,294 shares of the company's stock, valued at $26,518,336.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zscaler news, insider Syam Nair sold 2,893 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction 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 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 company's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the sale, the chief executive officer now directly owns 367,152 shares of the company's stock, valued at $70,915,408.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,715 shares of company stock valued at $4,212,202. 19.20% of the stock is currently owned by corporate insiders.

Zscaler Trading Down 0.7 %

Shares of Zscaler stock traded down $1.25 during trading hours on Tuesday, reaching $176.89. 1,351,891 shares of the company's stock were exchanged, compared to its average volume of 2,159,722. The company has a fifty day moving average of $191.25 and a 200-day moving average of $203.91. Zscaler, Inc. has a 52-week low of $103.62 and a 52-week high of $259.61. The firm has a market capitalization of $26.52 billion, a price-to-earnings ratio of -187.52 and a beta of 0.85. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19.

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 during the quarter, compared to analyst estimates of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. Sell-side analysts forecast that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

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.