Spirit of America Management Corp NY Has $361,000 Stake in Zscaler, Inc. (NASDAQ:ZS)

Spirit of America Management Corp NY lowered its position in Zscaler, Inc. (NASDAQ:ZS) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the company’s stock after selling 250 shares during the quarter. Spirit of America Management Corp NY’s holdings in Zscaler were worth $361,000 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 ZS. Geode Capital Management LLC lifted its holdings in Zscaler by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock valued at $277,327,000 after purchasing an additional 60,414 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in shares of Zscaler by 28.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock worth $220,401,000 after buying an additional 283,540 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Zscaler by 33.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock worth $68,293,000 after buying an additional 100,814 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Zscaler by 11.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after buying an additional 37,801 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Zscaler by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 355,070 shares of the company’s stock valued at $60,696,000 after acquiring an additional 16,634 shares during the period. Institutional investors own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ZS shares. Morgan Stanley reduced their price objective on Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a report on Tuesday, December 3rd. Canaccord Genuity Group lifted their price target on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Oppenheimer lifted their price target on Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Citigroup lifted their price target on Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, BTIG Research lifted their price target on Zscaler from $205.00 to $238.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus target price of $225.47.

Zscaler Stock Performance

Shares of ZS stock opened at $203.73 on Wednesday. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $259.61. The stock’s fifty day simple moving average is $194.24 and its 200 day simple moving average is $187.92.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The business 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 quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) EPS. On average, equities analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Remo Canessa sold 3,703 shares of the firm’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 sale, the chief financial officer now owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Syam Nair sold 3,682 shares of the business’s 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 $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is currently owned by company insiders.

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.