Modus Advisors LLC Purchases Shares of 197 Zscaler, Inc. (NASDAQ:ZS)

Modus Advisors LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 197 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Fred Alger Management LLC increased its stake in Zscaler by 1,151.0% during the third quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock worth $1,773,000 after acquiring an additional 9,542 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Zscaler by 7.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock valued at $37,495,000 after buying an additional 14,701 shares during the period. Creative Planning lifted its position in Zscaler by 7.6% during the third quarter. Creative Planning now owns 148,534 shares of the company’s stock valued at $25,390,000 after buying an additional 10,551 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Zscaler by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after buying an additional 37,801 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Zscaler in the second quarter worth $25,287,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the sale, the chief financial officer now owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. The trade was a 1.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the transaction, the insider now directly owns 105,806 shares of the company’s stock, valued at $19,224,950.20. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,683 shares of company stock valued at $2,313,619. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Up 2.3 %

ZS stock opened at $185.84 on Friday. The firm’s 50-day simple moving average is $196.66 and its 200 day simple moving average is $187.89. The stock has a market cap of $28.52 billion, a PE ratio of -743.36 and a beta of 0.82. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61.

Zscaler (NASDAQ:ZS) last released 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 return on equity of 0.75% and a negative net margin of 1.58%. The company had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. Equities analysts forecast that Zscaler, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZS has been the subject of a number of research reports. Barclays upped their price target on shares of Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Morgan Stanley lowered their target price on Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price target on Zscaler from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $240.00 price objective (down previously from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, Piper Sandler upped their target price on shares of Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a research note 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $224.84.

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.