Jump Financial LLC Makes New Investment in Zscaler, Inc. (NASDAQ:ZS)

Jump Financial LLC acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,491 shares of the company's stock, valued at approximately $1,881,000.

Other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in shares of Zscaler by 582.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company's stock valued at $35,000 after acquiring an additional 134 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Zscaler during the 4th quarter worth approximately $37,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Zscaler by 109.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company's stock valued at $46,000 after buying an additional 109 shares during the last quarter. Lindbrook Capital LLC grew its stake 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 in the last quarter. Finally, Spire Wealth Management increased its holdings in Zscaler by 24.5% during the fourth quarter. Spire Wealth Management now owns 249 shares of the company's stock worth $58,000 after buying an additional 49 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

Insider Activity at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction that occurred on Monday, March 18th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company'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 value of $408,512.25. Following the completion of the transaction, the chief executive officer now owns 367,152 shares in the company, valued at approximately $70,915,408.80. The disclosure for this sale can be found here. Insiders have sold 19,715 shares of company stock valued at $4,212,202 over the last ninety days. Corporate insiders own 19.20% of the company's stock.

Zscaler Stock Up 1.0 %

Shares of NASDAQ:ZS traded up $1.82 during trading on Tuesday, reaching $176.82. 1,228,227 shares of the stock were exchanged, compared to its average volume of 2,145,494. The stock has a fifty day moving average of $184.94 and a two-hundred day moving average of $204.55. Zscaler, Inc. has a 1-year low of $114.50 and a 1-year high of $259.61. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market cap of $26.51 billion, a price-to-earnings ratio of -186.13 and a beta of 0.85.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.08. The company had revenue of $525.00 million for 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%. Research analysts anticipate that Zscaler, Inc. will post -0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays reduced their target price on Zscaler from $259.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, March 1st. JPMorgan Chase & Co. upped their price objective on shares of Zscaler from $212.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, February 26th. Rosenblatt Securities lifted their target price on shares of Zscaler from $285.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Cantor Fitzgerald reiterated a "neutral" rating and issued a $230.00 price target on shares of Zscaler in a research note on Wednesday, April 17th. Finally, JMP Securities restated a "market outperform" rating and set a $270.00 price objective on shares of Zscaler in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $230.24.

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.