Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Aljian Capital Management LLC

Aljian Capital Management LLC cut its stake in Zscaler, Inc. (NASDAQ:ZS) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,724 shares of the company’s stock after selling 1,516 shares during the quarter. Aljian Capital Management LLC’s holdings in Zscaler were worth $1,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZS. International Assets Investment Management LLC boosted its stake in shares of Zscaler by 13,498.6% during the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock valued at $48,769,000 after buying an additional 283,201 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Zscaler in the first quarter valued at $47,217,000. GuoLine Advisory Pte Ltd bought a new position in Zscaler during the 3rd quarter valued at $32,660,000. Massachusetts Financial Services Co. MA acquired a new position in Zscaler during the 2nd quarter worth $25,287,000. Finally, Vanguard Group Inc. increased its position in shares of Zscaler by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 8,961,774 shares of the company’s stock worth $1,726,307,000 after purchasing an additional 118,002 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the topic of several research reports. Barclays cut their price objective on Zscaler from $230.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 4th. Piper Sandler lowered their target price on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. JMP Securities reaffirmed a “market outperform” rating and set a $270.00 price objective on shares of Zscaler in a research report on Monday, November 4th. Robert W. Baird cut their target price on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Finally, Loop Capital cut their target price on Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.18.

Insider Buying and Selling

In other Zscaler news, Director Andrew William Fraser Brown sold 8,000 shares of Zscaler stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $174.10, for a total value of $1,392,800.00. Following the completion of the sale, the director now owns 25,907 shares in the company, valued at $4,510,408.70. The trade was a 23.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,502 shares of company stock worth $5,256,651. Company insiders own 19.20% of the company’s stock.

Zscaler Stock Down 3.4 %

Shares of ZS opened at $201.47 on Monday. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $259.61. The company has a 50 day moving average of $182.23 and a 200-day moving average of $182.66.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The firm had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. During the same period last year, the company earned ($0.17) earnings per share. The business’s revenue was up 30.3% compared to the same quarter last year. On average, sell-side analysts predict that Zscaler, Inc. will post -0.97 EPS for the current fiscal year.

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.