MBM Wealth Consultants LLC Buys Shares of 2,040 Zscaler, Inc. (NASDAQ:ZS)

MBM Wealth Consultants LLC purchased a new position in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,040 shares of the company’s stock, valued at approximately $371,000.

Other hedge funds have also recently made changes to their positions in the company. KRS Capital Management LLC grew its stake in shares of Zscaler by 1.9% during the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after purchasing an additional 60 shares during the period. EverSource Wealth Advisors LLC grew its position in Zscaler by 8.6% during the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock valued at $149,000 after buying an additional 66 shares during the period. American Trust increased its holdings in Zscaler by 6.1% during the second quarter. American Trust now owns 1,210 shares of the company’s stock valued at $233,000 after buying an additional 70 shares during the last quarter. GAMMA Investing LLC raised its position in Zscaler by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after acquiring an additional 70 shares during the period. Finally, Valley Brook Capital Group Inc. boosted its stake in shares of Zscaler by 4.0% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock worth $337,000 after acquiring an additional 75 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZS has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Canaccord Genuity Group raised their price objective on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and set a $240.00 price objective on shares of Zscaler in a research note on Friday, January 10th. Guggenheim restated a “neutral” rating on shares of Zscaler in a research note on Tuesday, December 3rd. Finally, Loop Capital dropped their price target on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a research report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $225.47.

Zscaler Trading Up 2.3 %

Shares of Zscaler stock opened at $191.81 on Wednesday. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The firm’s 50-day moving average is $195.86 and its two-hundred day moving average is $187.84.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the firm earned ($0.18) earnings per share. Equities analysts expect that Zscaler, Inc. will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In related news, 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 transaction, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Syam Nair sold 3,682 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 $737,578.24. Following the sale, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is currently owned by 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.