Coldstream Capital Management Inc. Has $397,000 Holdings in Zscaler, Inc. (NASDAQ:ZS)

Coldstream Capital Management Inc. grew its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 50.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,281 shares of the company’s stock after buying an additional 761 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Zscaler were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in ZS. Swedbank AB raised its holdings in Zscaler by 0.8% during the second quarter. Swedbank AB now owns 9,036 shares of the company’s stock valued at $1,737,000 after buying an additional 76 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Zscaler by 18.0% in the 2nd quarter. Blue Trust Inc. now owns 1,252 shares of the company’s stock valued at $241,000 after acquiring an additional 191 shares in the last quarter. Central Bank & Trust Co. bought a new position in shares of Zscaler in the 2nd quarter valued at approximately $75,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Zscaler by 143.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,405 shares of the company’s stock worth $1,615,000 after purchasing an additional 4,950 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Zscaler by 612.9% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,716 shares of the company’s stock worth $515,000 after purchasing an additional 2,335 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the transaction, the chief executive officer now directly owns 361,432 shares in the company, valued at approximately $61,906,072.96. This represents a 0.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Remo Canessa sold 8,455 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the completion of the transaction, the chief financial officer now directly owns 231,793 shares in the company, valued at approximately $39,701,505.04. The trade was a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock worth $5,256,651 in the last 90 days. Corporate insiders own 18.10% of the company’s stock.

Zscaler Trading Down 3.8 %

NASDAQ:ZS opened at $198.54 on Friday. The stock has a market capitalization of $30.46 billion, a P/E ratio of -794.16 and a beta of 0.82. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The firm has a 50 day moving average of $196.86 and a 200-day moving average of $186.88.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business’s revenue for the quarter 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. As a group, analysts forecast that Zscaler, Inc. will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on ZS shares. Barclays boosted their price objective on shares of Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Rosenblatt Securities restated a “neutral” rating and set a $190.00 price target on shares of Zscaler in a report on Wednesday, September 4th. Guggenheim reiterated a “neutral” rating on shares of Zscaler in a research note on Tuesday, December 3rd. JMP Securities restated a “market outperform” rating and set a $240.00 target price (down previously from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Finally, Cantor Fitzgerald upgraded Zscaler to a “hold” rating in a report on Monday, November 18th. Eleven 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 stock has an average rating of “Moderate Buy” and a consensus target price of $224.84.

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.