1,053 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,053 shares of the company’s stock, valued at approximately $190,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its holdings in shares of Zscaler by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,388 shares of the company’s stock worth $1,228,000 after buying an additional 464 shares during the last quarter. Truist Financial Corp grew its position in shares of Zscaler by 137.3% in the 2nd quarter. Truist Financial Corp now owns 2,572 shares of the company’s stock worth $494,000 after acquiring an additional 1,488 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Zscaler during the second quarter worth $1,328,000. Dynamic Advisor Solutions LLC boosted its stake in Zscaler by 36.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 8,423 shares of the company’s stock valued at $1,440,000 after acquiring an additional 2,260 shares during the period. Finally, CWM LLC increased its position in Zscaler by 107.3% in the third quarter. CWM LLC now owns 5,562 shares of the company’s stock worth $951,000 after buying an additional 2,879 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZS has been the subject of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $240.00 price target (down previously from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their target price on Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Canaccord Genuity Group boosted their target price on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, BTIG Research lifted their price target on shares of Zscaler from $205.00 to $238.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $225.47.

Insider Activity

In other news, insider Syam Nair sold 3,682 shares of the stock in a transaction on Tuesday, December 17th. The stock was 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 owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 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 $573,516.16. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock valued at $2,052,879 over the last quarter. Corporate insiders own 18.10% of the company’s stock.

Zscaler Trading Down 0.4 %

Shares of NASDAQ:ZS opened at $204.23 on Friday. The business’s fifty day simple moving average is $194.22 and its 200-day simple moving average is $188.15. The company has a market capitalization of $31.34 billion, a PE ratio of -816.92 and a beta of 0.89. 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 data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. Zscaler’s revenue was up 26.4% compared to the same quarter last year. During the same period last year, the business earned ($0.18) earnings per share. Research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

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.