Wealthcare Advisory Partners LLC Purchases 2,104 Shares of Zscaler, Inc. (NASDAQ:ZS)

Wealthcare Advisory Partners LLC grew its position in Zscaler, Inc. (NASDAQ:ZS) by 88.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,470 shares of the company’s stock after acquiring an additional 2,104 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Zscaler were worth $806,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Woodstock Corp boosted its holdings in Zscaler by 19.9% during the fourth quarter. Woodstock Corp now owns 36,035 shares of the company’s stock valued at $6,501,000 after purchasing an additional 5,976 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in Zscaler in the 4th quarter valued at $3,733,000. Bouvel Investment Partners LLC grew its position in Zscaler by 1.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 17,547 shares of the company’s stock valued at $3,166,000 after acquiring an additional 241 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Zscaler by 10.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,304 shares of the company’s stock worth $2,220,000 after acquiring an additional 1,169 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of Zscaler during the fourth quarter valued at $1,976,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ZS. Guggenheim reiterated a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Scotiabank lifted their target price on shares of Zscaler from $195.00 to $205.00 and gave the company a “sector outperform” rating in a research note on Tuesday, December 3rd. Canaccord Genuity Group boosted their target price on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Jefferies Financial Group raised their price target on Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, JMP Securities restated a “market outperform” rating and set a $240.00 target price (down previously from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $224.84.

Insiders Place Their Bets

In related news, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the transaction, the insider now owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,248 shares of company stock worth $2,052,879. Corporate insiders own 18.10% of the company’s stock.

Zscaler Price Performance

Shares of Zscaler stock opened at $187.58 on Monday. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The company has a market capitalization of $28.78 billion, a P/E ratio of -750.32 and a beta of 0.87. The business has a 50-day moving average of $196.44 and a two-hundred day moving average of $187.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. The business’s revenue was up 26.4% on a year-over-year basis. On average, equities analysts anticipate that Zscaler, Inc. will post -0.16 EPS for the current fiscal year.

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.