As of the 2nd quarter, Valeo Financial Advisors LLC has acquired a new stake in Zscaler, Inc. (NASDAQ:ZS), according to its most recent disclosure with the Securities & Exchange Commission. The financial advisor purchased 1,377 shares of the company’s stock, which amounts to approximately $201,000.
Zscaler recently released its earnings results on September 5th. The company reported earnings per share (EPS) of $0.64 for the quarter, surpassing analysts’ consensus estimates of $0.49 by $0.15. In terms of revenue, Zscaler generated $455 million for the quarter, surpassing analysts’ expectations set at $430.38 million. It is worth noting that Zscaler experienced a negative net margin of 12.51% as well as a negative return on equity of 31.64%. Nevertheless, their revenue increased by 43% compared to the same quarter last year when they had posted an EPS of ($0.40). Equities analysts anticipate that Zscaler will post a -1.1 EPS for the current fiscal year after considering these factors.
In other news related to Zscaler’s stock activity and administration changes, CEO Jagtar Singh Chaudhry sold 2,844 shares on Monday, September 18th at an average price of $154.45 per share amounting to a total transaction value of $439,255.80. With this sale completed, Chaudhry currently holds 372,091 shares in the company valued at approximately $57,469,454.95.
Also involved in selling shares was CFO Remo Canessa who sold 12,500 shares on Monday,
July 10th for an average price of $145.53 per share resulting in a total value of
$1,819,125 held by him directly thereafter.
According to a disclosure filed with the Securities & Exchange Commission, over the last 90 days, insiders have sold a total of 145,003 shares of company stock worth $21,871,946. Currently, insiders own 19.80% of Zscaler’s stock.
It is important to keep track of such transactions and changes within a company as they can provide insights into the performance and sentiment surrounding that particular stock. These disclosures reflect activity within the second quarter and offer intriguing data concerning Zscaler’s recent financial results and shareholder movements.
Zscaler, Inc.
ZS
Buy
Updated on: 03/12/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Sell
Institutional Investors Increase Ownership in Zscaler as Analysts Remain Bullish on Stock
Zscaler, Inc. (ZS) has recently seen several notable changes in its stock ownership by institutional investors. Private Trust Co. NA acquired a new stake in the company during the first quarter of this year, valued at $29,000. Similarly, Householder Group Estate & Retirement Specialist LLC also bought a new stake in Zscaler during the same period with the same value of $29,000. KB Financial Partners LLC joined in on acquiring shares of Zscaler during the first quarter as well, investing approximately $39,000. CoreCap Advisors LLC entered the mix by purchasing their stake in Zscaler during the fourth quarter of last year for about $38,000. Harvest Fund Management Co. Ltd rounded out these institutional investments by increasing its stake in Zscaler by 86.6% during the first quarter.
With this series of transactions made by institutional investors and hedge funds, they now collectively own 46.45% of Zscaler’s stock.
On Tuesday, September 26th, ZS opened at $148.97 per share. Over the past year, its share price has ranged from a low of $84.93 to a high of $185.99. Currently, the stock has a 50-day simple moving average of $150.83 and a two-hundred day simple moving average of $132.85.
Turning to analyst reports on ZS shares, Canaccord Genuity Group recently raised their target price on the stock from $172.00 to $190.00 and maintained a “buy” rating on September 6th this year. Robert W Baird reiterated an “outperform” rating and set a price objective of $185 for Zscaler shares on August 28th.
Wedbush also increased their target price on ZS shares from $160 to $185 and gave it an “outperform” rating on September 6th. JPMorgan Chase & Co. raised their price target on the stock from $146 to $155, giving it a “neutral” rating on August 18th.
Moreover, UBS Group boosted their price estimate for Zscaler shares from $175 to $190 and assigned a “buy” rating on September 6th. Overall, according to data from Bloomberg.com, the stock currently has a consensus rating of “Moderate Buy” with twelve equities research analysts rating the stock as “hold,” twenty-three as “buy,” and one as a “strong buy.” The average price target for Zscaler’s stock stands at $180.26.
Analysts’ reports play an important role in providing investors with crucial insights and recommendations regarding specific stocks. Investors often refer to these research reports when making investment decisions.
For more comprehensive information on Zscaler, refer to our latest research report available on our website.
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