Wilmington Savings Fund Society FSB Makes New Investment in Zscaler, Inc. (NASDAQ:ZS)

Wilmington Savings Fund Society FSB bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 225 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in Zscaler by 8.6% during the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock worth $149,000 after buying an additional 66 shares during the period. American Trust increased its holdings in shares of Zscaler by 6.1% in the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock valued at $233,000 after acquiring an additional 70 shares during the period. Valley Brook Capital Group Inc. raised its position in Zscaler by 4.0% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,972 shares of the company’s stock valued at $337,000 after purchasing an additional 75 shares during the last quarter. Rockline Wealth Management LLC boosted its stake in Zscaler by 5.1% during the 2nd quarter. Rockline Wealth Management LLC now owns 1,798 shares of the company’s stock worth $345,000 after purchasing an additional 88 shares during the period. Finally, Cynosure Group LLC grew its position in Zscaler by 4.4% during the 3rd quarter. Cynosure Group LLC now owns 2,131 shares of the company’s stock worth $364,000 after purchasing an additional 89 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZS has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $240.00 target price on shares of Zscaler in a research note on Tuesday, December 3rd. Canaccord Genuity Group increased their price objective on Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Morgan Stanley dropped their target price on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Finally, Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a research note on Monday, November 18th. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.84.

Insider Activity

In other Zscaler news, insider Robert Schlossman sold 1,435 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the transaction, the insider now owns 105,806 shares of the company’s stock, valued at $19,224,950.20. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the transaction, the chief financial officer now owns 220,635 shares in the company, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,630 shares of company stock valued at $3,155,697 over the last quarter. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Up 2.3 %

Shares of NASDAQ:ZS opened at $187.38 on Monday. The company has a market capitalization of $28.75 billion, a P/E ratio of -749.52 and a beta of 0.82. The stock’s fifty day simple moving average is $197.50 and its 200-day simple moving average is $187.80. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZS) last released its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) EPS. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.24 earnings per share for the current 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.