Centaurus Financial Inc. Buys 181 Shares of Zscaler, Inc. (NASDAQ:ZS)

Centaurus Financial Inc. lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 4.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,103 shares of the company’s stock after buying an additional 181 shares during the quarter. Centaurus Financial Inc.’s holdings in Zscaler were worth $701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ZS. Quest Partners LLC acquired a new position in Zscaler in the 2nd quarter valued at $28,000. Asset Dedication LLC boosted its position in shares of Zscaler by 436.8% in the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after acquiring an additional 166 shares during the period. American Capital Advisory LLC acquired a new position in shares of Zscaler in the second quarter valued at about $50,000. GAMMA Investing LLC increased its position in Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after acquiring an additional 67 shares during the period. Finally, Quarry LP increased its position in Zscaler by 613.0% during the second quarter. Quarry LP now owns 385 shares of the company’s stock worth $74,000 after acquiring an additional 331 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the sale, the insider now owns 105,806 shares in the company, valued at $19,224,950.20. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the transaction, the chief executive officer now owns 361,432 shares in the company, valued at $61,906,072.96. The trade was a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,502 shares of company stock worth $5,256,651. 19.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ZS. Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a research report on Monday, November 18th. Loop Capital lowered their price objective on Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. UBS Group cut their target price on Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Rosenblatt Securities reissued a “neutral” rating and set a $190.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Finally, BNP Paribas started coverage on Zscaler in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price target for the company. Ten equities research 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $218.55.

Zscaler Trading Down 0.3 %

Shares of NASDAQ:ZS opened at $210.42 on Tuesday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The firm’s fifty day moving average is $187.27 and its 200-day moving average is $183.96.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $567.46 million. During the same period in the previous year, the business earned ($0.17) EPS. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. As a group, equities analysts expect that Zscaler, Inc. will post -0.95 earnings per share 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.