Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft raised its position in Zscaler, Inc. (NASDAQ:ZS) by 30.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,400 shares of the company’s stock after buying an additional 1,952 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Zscaler were worth $1,515,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ZS. Prestige Wealth Management Group LLC acquired a new position in Zscaler during the third quarter worth about $31,000. Versant Capital Management Inc grew its holdings in Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 104 shares during the last quarter. True Wealth Design LLC grew its holdings in Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after buying an additional 185 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Zscaler during the 4th quarter worth about $36,000. Finally, R Squared Ltd acquired a new stake in shares of Zscaler during the fourth quarter worth $38,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Down 1.5 %

Shares of Zscaler stock opened at $201.63 on Thursday. The stock’s fifty day simple moving average is $194.83 and its 200 day simple moving average is $187.81. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. Zscaler’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. As a group, research analysts anticipate that Zscaler, Inc. will post -0.16 earnings per share for the current year.

Insider Activity at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares of the company’s stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Remo Canessa sold 3,703 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Loop Capital lowered their target price on Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a research note on Tuesday, December 3rd. Piper Sandler boosted their price target on shares of Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Susquehanna boosted their target price on Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research note on Tuesday, December 3rd. Finally, BNP Paribas assumed coverage on Zscaler in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.47.

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.