Valicenti Advisory Services Inc. Trims Holdings in Zscaler, Inc. (NASDAQ:ZS)

Valicenti Advisory Services Inc. reduced its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,297 shares of the company’s stock after selling 759 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Zscaler were worth $2,579,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ZS. KRS Capital Management LLC lifted its holdings in shares of Zscaler by 1.9% in the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after buying an additional 60 shares during the period. American Trust lifted its stake in Zscaler by 6.1% in the second quarter. American Trust now owns 1,210 shares of the company’s stock worth $233,000 after acquiring an additional 70 shares during the period. GAMMA Investing LLC lifted its stake in Zscaler by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after acquiring an additional 70 shares during the period. Avior Wealth Management LLC grew its holdings in Zscaler by 50.7% during the 4th quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock worth $39,000 after acquiring an additional 72 shares in the last quarter. Finally, Valley Brook Capital Group Inc. increased its position in Zscaler by 4.0% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock valued at $337,000 after purchasing an additional 75 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Zscaler Trading Down 2.2 %

Shares of ZS opened at $200.26 on Wednesday. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61. The firm has a market capitalization of $30.73 billion, a P/E ratio of -804.18 and a beta of 0.87. The firm has a 50-day moving average price of $194.82 and a 200 day moving average price of $187.71.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $628.00 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.18) earnings per share. Equities research analysts predict that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the transaction, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

ZS has been the subject of a number of analyst reports. Scotiabank upped their price objective on Zscaler from $205.00 to $225.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Loop Capital lowered their price target on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a report on Tuesday, December 3rd. Canaccord Genuity Group boosted their price objective on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Citigroup lifted their price target on shares of Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $225.47.

Zscaler 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.