OneDigital Investment Advisors LLC Has $498,000 Position in Zscaler, Inc. (NASDAQ:ZS)

OneDigital Investment Advisors LLC increased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 50.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,913 shares of the company’s stock after buying an additional 983 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Zscaler were worth $498,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Quest Partners LLC acquired a new position in shares of Zscaler during the 2nd quarter worth approximately $28,000. Asset Dedication LLC raised its position in Zscaler by 436.8% during the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after acquiring an additional 166 shares in the last quarter. American Capital Advisory LLC acquired a new stake in Zscaler in the second quarter valued at $50,000. GAMMA Investing LLC grew its holdings in Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after purchasing an additional 67 shares during the period. Finally, Quarry LP increased its holdings in shares of Zscaler by 613.0% during the 2nd quarter. Quarry LP now owns 385 shares of the company’s stock worth $74,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of ZS stock opened at $200.94 on Thursday. The stock’s 50 day simple moving average is $184.86 and its two-hundred day simple moving average is $183.16. The company has a market cap of $30.64 billion, a PE ratio of -502.34 and a beta of 0.82. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The company had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. Zscaler’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.17) EPS. Equities research analysts expect that Zscaler, Inc. will post -0.95 EPS for the current year.

Insider Activity at Zscaler

In related news, Director Andrew William Fraser Brown sold 8,000 shares of Zscaler stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total value of $1,392,800.00. Following the completion of the sale, the director now directly owns 25,907 shares in the company, valued at $4,510,408.70. This trade represents a 23.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Schlossman sold 4,947 shares of Zscaler stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $170.22, for a total value of $842,078.34. Following the sale, the insider now directly owns 107,241 shares of the company’s stock, valued at approximately $18,254,563.02. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,502 shares of company stock worth $5,256,651. Company insiders own 19.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ZS shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $190.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. Needham & Company LLC cut their price target on shares of Zscaler from $290.00 to $235.00 and set a “strong-buy” rating for the company in a report on Wednesday, September 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a research note on Wednesday, September 4th. JPMorgan Chase & Co. dropped their price objective on Zscaler from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Finally, BNP Paribas initiated coverage on Zscaler in a research report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and an average price target of $217.18.

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.