IFM Investors Pty Ltd Sells 266 Shares of Zscaler, Inc. (NASDAQ:ZS)

IFM Investors Pty Ltd lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,728 shares of the company’s stock after selling 266 shares during the quarter. IFM Investors Pty Ltd’s holdings in Zscaler were worth $3,800,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in Zscaler during the 4th quarter valued at approximately $9,674,000. Nordea Investment Management AB lifted its holdings in shares of Zscaler by 463.5% in the fourth quarter. Nordea Investment Management AB now owns 29,803 shares of the company’s stock worth $6,629,000 after buying an additional 24,514 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Zscaler by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,636,864 shares of the company’s stock worth $1,343,810,000 after acquiring an additional 129,090 shares during the last quarter. AQR Capital Management LLC grew its stake in Zscaler by 272.6% during the third quarter. AQR Capital Management LLC now owns 41,894 shares of the company’s stock valued at $6,518,000 after acquiring an additional 30,650 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Zscaler by 19,012.4% in the 4th quarter. International Assets Investment Management LLC now owns 223,997 shares of the company’s stock valued at $49,629,000 after acquiring an additional 222,825 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ZS. Oppenheimer lifted their price objective on Zscaler from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Citigroup upped their target price on shares of Zscaler from $235.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Robert W. Baird lifted their price target on Zscaler from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Macquarie restated an “outperform” rating and set a $245.00 price objective on shares of Zscaler in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group raised their price objective on Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $230.24.

Insider Buying and Selling at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the sale, the chief executive officer now owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at approximately $70,915,408.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Remo Canessa sold 7,707 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 value of $1,488,607.05. Following the completion of the transaction, the chief financial officer now owns 255,943 shares in the company, valued at approximately $49,435,390.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,715 shares of company stock valued at $5,865,882. Company insiders own 19.20% of the company’s stock.

Zscaler Stock Performance

NASDAQ:ZS traded up $2.24 during mid-day trading on Friday, hitting $177.05. The company’s stock had a trading volume of 1,341,755 shares, compared to its average volume of 1,530,924. The business’s fifty day moving average is $198.51 and its two-hundred day moving average is $203.25. The stock has a market cap of $26.54 billion, a price-to-earnings ratio of -186.37 and a beta of 0.80. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. Zscaler, Inc. has a 1 year low of $84.93 and a 1 year high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate 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 return on equity of 14.60% and a negative net margin of 7.32%. Analysts anticipate that Zscaler, Inc. will post -0.8 EPS for the current fiscal year.

Zscaler Company 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.