Guerra Pan Advisors LLC Sells 174 Shares of Zscaler, Inc. (NASDAQ:ZS)

Guerra Pan Advisors LLC lowered its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,123 shares of the company’s stock after selling 174 shares during the quarter. Guerra Pan Advisors LLC’s holdings in Zscaler were worth $876,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its position in shares of Zscaler by 6.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 103,937 shares of the company’s stock worth $20,021,000 after acquiring an additional 6,683 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Zscaler by 9.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 116,691 shares of the company’s stock worth $22,478,000 after purchasing an additional 9,689 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Zscaler by 7.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock worth $37,495,000 after buying an additional 14,701 shares in the last quarter. Creative Planning increased its holdings in Zscaler by 7.6% in the 3rd quarter. Creative Planning now owns 148,534 shares of the company’s stock valued at $25,390,000 after buying an additional 10,551 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Zscaler in the 2nd quarter valued at $25,287,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer lowered their price objective on Zscaler from $260.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Piper Sandler dropped their price objective on Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Citigroup reduced their target price on shares of Zscaler from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. UBS Group dropped their target price on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, Bank of America downgraded shares of Zscaler from a “buy” rating to a “neutral” rating and cut their price target for the company from $265.00 to $195.00 in a report on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $216.73.

Zscaler Stock Down 0.5 %

ZS stock opened at $195.73 on Friday. The company has a market cap of $29.85 billion, a PE ratio of -489.31 and a beta of 0.82. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The business has a 50-day simple moving average of $179.05 and a 200 day simple moving average of $181.56.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The business had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.17) earnings per share. On average, analysts anticipate that Zscaler, Inc. will post -0.95 EPS for the current fiscal year.

Insider Activity at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the sale, the chief executive officer now owns 361,432 shares of the company’s stock, valued at $61,906,072.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler 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 $488,490.56. Following the sale, the chief executive officer now directly owns 361,432 shares in the company, valued at $61,906,072.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Schlossman sold 4,947 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $170.22, for a total transaction of $842,078.34. Following the sale, the insider now directly owns 107,241 shares in the company, valued at $18,254,563.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock valued at $5,256,651 in the last quarter. Insiders own 19.20% of the company’s stock.

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.