Zscaler, Inc. (NASDAQ:ZS) Stock Holdings Boosted by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC lifted its position in Zscaler, Inc. (NASDAQ:ZS) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,261 shares of the company’s stock after buying an additional 109 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Zscaler were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC bought a new stake in Zscaler during the third quarter worth approximately $31,000. True Wealth Design LLC lifted its position in shares of 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 acquiring an additional 185 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of Zscaler in the 4th quarter worth $36,000. Finally, Crews Bank & Trust acquired a new stake in shares of Zscaler during the fourth quarter worth $36,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

ZS opened at $202.59 on Monday. The company has a market cap of $31.09 billion, a PE ratio of -810.36 and a beta of 0.87. The stock has a 50-day moving average of $194.58 and a 200-day moving average of $187.74. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The firm had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same period in the previous year, the company earned ($0.18) EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. On average, research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Remo Canessa sold 3,703 shares of the company’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 $741,784.96. Following the completion of the transaction, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 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 $573,516.16. Following the completion of the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,248 shares of company stock valued at $2,052,879. Company insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Piper Sandler lifted their price target on Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Canaccord Genuity Group lifted their target price on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and set a $240.00 price target on shares of Zscaler in a report on Friday, January 10th. KeyCorp raised their price objective on shares of Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $225.47.

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.