Generali Investments Towarzystwo Funduszy Inwestycyjnych Sells 2,900 Shares of Zscaler, Inc. (NASDAQ:ZS)

Generali Investments Towarzystwo Funduszy Inwestycyjnych lessened its holdings in Zscaler, Inc. (NASDAQ:ZS) by 30.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,500 shares of the company’s stock after selling 2,900 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Zscaler were worth $1,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ZS. Global X Japan Co. Ltd. grew its holdings in shares of Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Zscaler during the fourth quarter worth about $29,000. Prestige Wealth Management Group LLC bought a new stake in shares of Zscaler during the third quarter worth about $31,000. Versant Capital Management Inc grew its holdings in shares of Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings 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 last quarter. Institutional investors own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stifel Nicolaus upped their target price on Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Guggenheim reiterated a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Wells Fargo & Company upped their target price on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their target price on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target of $226.56.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $192.03 on Friday. The company has a market capitalization of $29.46 billion, a PE ratio of -768.12 and a beta of 0.89. The business has a fifty day moving average price of $195.46 and a two-hundred day moving average price of $191.23. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $243.94.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) EPS. Sell-side analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Zscaler

In related news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the 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 sale, the chief executive officer now directly owns 358,569 shares in the company, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock worth $2,052,879 in the last quarter. 18.10% of the stock is currently owned by company insiders.

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.