Commerce Bank Buys 1,816 Shares of Zscaler, Inc. (NASDAQ:ZS)

Commerce Bank lifted its stake in Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 64.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,634 shares of the company’s stock after purchasing an additional 1,816 shares during the quarter. Commerce Bank’s holdings in Zscaler were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ZS. Artisan Partners Limited Partnership lifted its position in Zscaler by 156.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,774,237 shares of the company’s stock valued at $534,237,000 after acquiring an additional 2,909,057 shares in the last quarter. Renaissance Technologies LLC bought a new position in Zscaler in the 1st quarter valued at approximately $168,365,000. Marshall Wace LLP lifted its position in Zscaler by 1,278.9% in the 3rd quarter. Marshall Wace LLP now owns 453,939 shares of the company’s stock valued at $74,616,000 after acquiring an additional 421,019 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Zscaler by 55,282.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 281,895 shares of the company’s stock valued at $31,544,000 after buying an additional 281,386 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Zscaler by 17.7% during the 4th quarter. First Trust Advisors LP now owns 1,777,929 shares of the company’s stock valued at $198,947,000 after buying an additional 267,441 shares during the last quarter. 45.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZS has been the subject of a number of research reports. Cantor Fitzgerald decreased their target price on shares of Zscaler from $160.00 to $140.00 in a research note on Friday, March 3rd. Wells Fargo & Company reduced their price objective on Zscaler from $160.00 to $156.00 and set an “overweight” rating for the company in a research note on Friday, March 3rd. Capital One Financial initiated coverage on Zscaler in a research note on Friday, March 17th. They issued an “equal weight” rating and a $125.00 price objective for the company. Wedbush reduced their price objective on Zscaler from $180.00 to $150.00 in a research note on Friday, March 3rd. Finally, Credit Suisse Group reduced their price objective on Zscaler from $275.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, March 15th. Fourteen research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $167.68.

Zscaler Stock Up 0.1 %

Shares of NASDAQ ZS opened at $126.69 on Friday. The company has a market cap of $18.39 billion, a P/E ratio of -55.32 and a beta of 0.85. The firm has a 50-day simple moving average of $107.67 and a two-hundred day simple moving average of $117.67. Zscaler, Inc. has a 1 year low of $84.93 and a 1 year high of $194.21. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.01 and a quick ratio of 2.01.

Zscaler (NASDAQ:ZS – Get Rating) last issued its earnings results on Thursday, March 2nd. The company reported ($0.35) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.08. The business had revenue of $387.60 million for the quarter, compared to analyst estimates of $363.80 million. Zscaler had a negative net margin of 24.08% and a negative return on equity of 50.58%. Research analysts anticipate that Zscaler, Inc. will post -1.19 earnings per share for the current year.

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 3,645 shares of Zscaler stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total value of $389,249.55. Following the completion of the transaction, the insider now owns 132,553 shares of the company’s stock, valued at $14,155,334.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Zscaler news, insider Robert Schlossman sold 3,645 shares of Zscaler stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total value of $389,249.55. Following the completion of the transaction, the insider now owns 132,553 shares of the company’s stock, valued at $14,155,334.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Dali Rajic sold 5,638 shares of Zscaler stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $602,082.02. Following the completion of the transaction, the chief operating officer now directly owns 291,182 shares of the company’s stock, valued at approximately $31,095,325.78. The disclosure for this sale can be found here. Insiders sold 16,412 shares of company stock worth $1,752,637 over the last three months. Company insiders own 19.80% of the company’s stock.

Zscaler Profile

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Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.