Jupiter Asset Management Ltd. Takes Position in Zscaler, Inc. (NASDAQ:ZS)

Jupiter Asset Administration Ltd. bought a brand new stake in Zscaler, Inc. (NASDAQ:ZS – Free Report) throughout the second quarter, in accordance with its most up-to-date 13F submitting with the Securities and Alternate Fee. The agency bought 36,294 shares of the corporate’s inventory, valued at roughly $5,309,000.

Plenty of different hedge funds additionally lately made modifications to their positions within the inventory. IFP Advisors Inc boosted its place in Zscaler by 60.5% throughout the 2nd quarter. IFP Advisors Inc now owns 1,037 shares of the corporate’s inventory price $29,000 after shopping for a further 391 shares throughout the interval. KB Monetary Companions LLC purchased a brand new stake in Zscaler throughout the 1st quarter valued at $39,000. Vestor Capital LLC purchased a brand new stake in Zscaler throughout the 1st quarter valued at $40,000. Alternate Traded Ideas LLC purchased a brand new stake in Zscaler throughout the 2nd quarter valued at $40,000. Lastly, Harvest Fund Administration Co. Ltd elevated its stake in Zscaler by 86.6% throughout the 1st quarter. Harvest Fund Administration Co. Ltd now owns 377 shares of the corporate’s inventory valued at $44,000 after buying a further 175 shares within the final quarter. 46.45% of the inventory is presently owned by institutional buyers and hedge funds.

Insider Shopping for and Promoting

In associated information, insider Robert Schlossman offered 5,013 shares of the corporate’s inventory in a transaction that occurred on Monday, September 18th. The shares have been offered at a mean value of $154.45, for a complete worth of $774,257.85. Following the transaction, the insider now immediately owns 130,764 shares within the firm, valued at $20,196,499.80. The transaction was disclosed in a doc filed with the SEC, which might be accessed via the SEC web site. In associated information, insider Robert Schlossman offered 5,013 shares of the corporate’s inventory in a transaction that occurred on Monday, September 18th. The shares have been offered at a mean value of $154.45, for a complete worth of $774,257.85. Following the transaction, the insider now immediately owns 130,764 shares within the firm, valued at $20,196,499.80. The transaction was disclosed in a doc filed with the SEC, which might be accessed via the SEC web site. Additionally, CEO Jagtar Singh Chaudhry offered 2,844 shares of the corporate’s inventory in a transaction that occurred on Monday, September 18th. The inventory was offered at a mean value of $154.45, for a complete transaction of $439,255.80. Following the completion of the transaction, the chief govt officer now owns 372,091 shares within the firm, valued at $57,469,454.95. The disclosure for this sale might be discovered right here. During the last three months, insiders have offered 108,578 shares of firm inventory price $16,906,410. Insiders personal 19.80% of the corporate’s inventory.

Zscaler Buying and selling Up 0.7 %

Shares of ZS opened at $187.47 on Friday. The enterprise’s 50-day transferring common value is $163.34 and its 200-day transferring common value is $149.23. Zscaler, Inc. has a twelve month low of $84.93 and a twelve month excessive of $189.71. The inventory has a market cap of $27.59 billion, a PE ratio of -132.96 and a beta of 0.81. The corporate has a fast ratio of 1.88, a present ratio of 1.88 and a debt-to-equity ratio of 1.56.

Zscaler (NASDAQ:ZS – Get Free Report) final introduced its quarterly earnings outcomes on Tuesday, September fifth. The corporate reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.15. Zscaler had a adverse return on fairness of 31.64% and a adverse internet margin of 12.51%. The agency had income of $455.00 million for the quarter, in comparison with analysts’ expectations of $430.38 million. Throughout the identical interval within the prior 12 months, the enterprise posted ($0.40) earnings per share. The corporate’s income was up 43.0% on a year-over-year foundation. On common, equities analysts forecast that Zscaler, Inc. will publish -1.11 EPS for the present fiscal 12 months.

Wall Avenue Analyst Weigh In

Plenty of equities analysts have issued stories on the inventory. Financial institution of America lifted their value goal on shares of Zscaler from $175.00 to $180.00 and gave the inventory a “purchase” score in a report on Wednesday, September sixth. Piper Sandler raised shares of Zscaler from a “impartial” score to an “chubby” score and lifted their value goal for the inventory from $160.00 to $190.00 in a report on Monday, October 2nd. Stifel Nicolaus lifted their value goal on shares of Zscaler from $185.00 to $205.00 and gave the inventory a “purchase” score in a report on Tuesday, November 14th. Scotiabank lifted their value goal on shares of Zscaler from $155.00 to $175.00 and gave the inventory an “outperform” score in a report on Wednesday, September sixth. Lastly, Barclays raised shares of Zscaler from an “equal weight” score to an “chubby” score and lifted their value goal for the inventory from $176.00 to $190.00 in a report on Monday, October ninth. Ten funding analysts have rated the inventory with a maintain score, twenty-five have assigned a purchase score and one has issued a powerful purchase score to the corporate. In line with knowledge from MarketBeat.com, the inventory presently has a mean score of “Average Purchase” and a mean goal value of $185.51.

View Our Newest Analysis Report on ZS

About Zscaler

(Free Report)

Zscaler, Inc operates as a cloud safety firm worldwide. The corporate provides Zscaler Web Entry resolution that gives customers, workloads, IoT, and OT gadgets safe entry to externally managed functions, together with software-as-a-service (SaaS) functions and web locations; and Zscaler Non-public Entry resolution, which is designed to supply entry to managed functions hosted internally in knowledge facilities, and personal or public clouds.

Learn Extra

Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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