National Bank of Canada FI Buys 39,440 Shares of Zscaler, Inc. (NASDAQ:ZS)

National Bank of Canada FI increased its stake in Zscaler, Inc. (NASDAQ:ZS) by 130.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,694 shares of the company’s stock after purchasing an additional 39,440 shares during the period. National Bank of Canada FI’s holdings in Zscaler were worth $11,913,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ZS. Quest Partners LLC acquired a new stake in Zscaler during the 2nd quarter worth $28,000. True Wealth Design LLC grew its stake in shares of Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after purchasing an additional 185 shares during the period. Asset Dedication LLC increased its holdings in 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 purchasing an additional 166 shares during the last quarter. American Capital Advisory LLC acquired a new position in Zscaler in the second quarter valued at about $50,000. Finally, Quarry LP boosted its holdings in Zscaler by 613.0% during the second quarter. Quarry LP now owns 385 shares of the company’s stock worth $74,000 after buying an additional 331 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of ZS opened at $201.39 on Wednesday. The firm has a market cap of $30.90 billion, a P/E ratio of -805.56 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 firm’s 50-day simple moving average is $194.86 and its 200 day simple moving average is $186.25.

Zscaler (NASDAQ:ZS) last announced its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.18) earnings per share. As a group, equities analysts forecast that Zscaler, Inc. will post -0.31 earnings per share for the current year.

Insider Transactions at Zscaler

In other Zscaler news, CFO Remo Canessa sold 8,455 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value of $1,448,172.40. Following the transaction, the chief financial officer now directly owns 231,793 shares of the company’s stock, valued at $39,701,505.04. This trade represents a 3.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction that occurred on 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 directly owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,502 shares of company stock valued at $5,256,651. 18.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on ZS shares. BNP Paribas assumed coverage on shares of Zscaler in a research note on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price objective on the stock. Jefferies Financial Group boosted their price target on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley dropped their price objective on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 3rd. BTIG Research boosted their target price on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Wedbush dropped their price target on Zscaler from $260.00 to $220.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target of $224.84.

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.