Avior Wealth Management LLC Grows Holdings in Zscaler, Inc. (NASDAQ:ZS)

Avior Wealth Management LLC grew its stake in Zscaler, Inc. (NASDAQ:ZS) by 50.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 214 shares of the company’s stock after acquiring an additional 72 shares during the period. Avior Wealth Management LLC’s holdings in Zscaler were worth $39,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC acquired a new position in shares of Zscaler in the third quarter valued at approximately $31,000. True Wealth Design LLC grew its holdings in Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after acquiring an additional 185 shares in the last quarter. Versant Capital Management Inc grew its holdings in Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares in the last quarter. Modus Advisors LLC acquired a new position in Zscaler during the 4th quarter worth approximately $36,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Zscaler during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of ZS stock opened at $201.63 on Thursday. The firm has a market cap of $30.94 billion, a P/E ratio of -806.52 and a beta of 0.87. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.61. The firm’s 50-day simple moving average is $194.83 and its 200-day simple moving average is $187.81.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 last year, the firm posted ($0.18) earnings per share. Zscaler’s revenue for the quarter was up 26.4% compared to the same quarter last year. Analysts expect that Zscaler, Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the sale, the chief financial officer now owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,248 shares of company stock worth $2,052,879. Company insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a report on Monday, November 18th. Loop Capital lowered their price target on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a report on Tuesday, December 3rd. Guggenheim restated a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Jefferies Financial Group boosted their price objective on shares of Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup boosted their price objective on shares of Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and an average target price of $225.47.

About Zscaler

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.