Zscaler, Inc. (NASDAQ:ZS) Shares Bought by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 54,022 shares of the company’s stock after purchasing an additional 1,462 shares during the quarter. Zscaler comprises about 1.8% of LaFleur & Godfrey LLC’s holdings, making the stock its 18th biggest position. LaFleur & Godfrey LLC’s holdings in Zscaler were worth $11,969,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. B. Riley Wealth Advisors Inc. grew its holdings in shares of Zscaler by 1.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock worth $585,000 after buying an additional 63 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Zscaler by 2.7% in the first quarter. International Assets Investment Management LLC now owns 2,558 shares of the company’s stock valued at $617,000 after purchasing an additional 67 shares during the period. Xponance Inc. grew its holdings in shares of Zscaler by 0.6% in the third quarter. Xponance Inc. now owns 12,411 shares of the company’s stock valued at $1,931,000 after purchasing an additional 68 shares during the period. Bouvel Investment Partners LLC grew its holdings in shares of Zscaler by 0.5% in the third quarter. Bouvel Investment Partners LLC now owns 16,641 shares of the company’s stock valued at $2,589,000 after purchasing an additional 76 shares during the period. Finally, CWM LLC grew its holdings in shares of Zscaler by 13.8% in the third quarter. CWM LLC now owns 637 shares of the company’s stock valued at $99,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 0.6 %

ZS stock traded down $1.09 during midday trading on Thursday, reaching $192.39. 777,364 shares of the company were exchanged, compared to its average volume of 2,409,509. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler, Inc. has a 1-year low of $84.93 and a 1-year high of $259.61. The stock’s 50-day simple moving average is $225.57 and its 200 day simple moving average is $199.69.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The business had revenue of $525.00 million for the quarter, compared to analyst estimates of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%. Analysts forecast that Zscaler, Inc. will post -0.81 EPS for the current fiscal year.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $558,782.95. Following the transaction, the insider now directly owns 137,294 shares of the company’s stock, valued at approximately $26,518,336.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,715 shares of company stock worth $8,909,342. Insiders own 19.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZS shares. JPMorgan Chase & Co. upped their price objective on shares of Zscaler from $212.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $290.00 target price on shares of Zscaler in a research note on Friday, March 1st. Citigroup increased their target price on shares of Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group increased their target price on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Finally, Rosenblatt Securities increased their target price on shares of Zscaler from $285.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus target price of $230.55.

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.