AE Wealth Management LLC acquired a new position in Zscaler Inc (NASDAQ:ZS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,766 shares of the company’s stock, valued at approximately $412,000.

Other institutional investors have also modified their holdings of the company. NEXT Financial Group Inc purchased a new position in Zscaler in the first quarter worth approximately $33,000. Sandy Spring Bank purchased a new position in Zscaler in the first quarter worth approximately $38,000. Valeo Financial Advisors LLC grew its position in Zscaler by 40.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 700 shares of the company’s stock worth $33,000 after acquiring an additional 200 shares during the period. TRUE Private Wealth Advisors purchased a new position in Zscaler in the fourth quarter worth approximately $32,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Zscaler in the fourth quarter worth approximately $33,000. Institutional investors own 41.09% of the company’s stock.

Zscaler stock opened at $76.94 on Friday. Zscaler Inc has a 1-year low of $35.00 and a 1-year high of $89.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market cap of $9.97 billion, a PE ratio of -153.88 and a beta of 0.52. The stock’s fifty day moving average is $68.88 and its two-hundred day moving average is $56.01.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.02). Zscaler had a negative net margin of 17.70% and a negative return on equity of 13.55%. The business had revenue of $101.27 million during the quarter, compared to analyst estimates of $98.90 million. On average, research analysts expect that Zscaler Inc will post -0.55 earnings per share for the current fiscal year.

In other news, insider Robert Schlossman sold 2,000 shares of Zscaler stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $52.81, for a total transaction of $105,620.00. Following the sale, the insider now owns 93,013 shares in the company, valued at $4,912,016.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amit Sinha sold 1,976 shares of Zscaler stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $40.99, for a total value of $80,996.24. Following the sale, the insider now owns 124,801 shares in the company, valued at approximately $5,115,592.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,234 shares of company stock worth $10,779,806. 23.80% of the stock is owned by insiders.

ZS has been the subject of several research analyst reports. Robert W. Baird restated an “outperform” rating and set a $70.00 price target (up from $60.00) on shares of Zscaler in a research report on Wednesday, March 25th. BTIG Research restated a “neutral” rating on shares of Zscaler in a research report on Friday, March 27th. Barclays restated a “hold” rating and set a $64.00 price target on shares of Zscaler in a research report on Thursday, February 20th. Cowen restated a “buy” rating and set a $70.00 price target on shares of Zscaler in a research report on Friday, February 21st. Finally, ValuEngine lowered Zscaler from a “buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.30.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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