Optimum Investment Advisors Lowers Stock Position in Zscaler Inc (NASDAQ:ZS)

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Optimum Investment Advisors lessened its holdings in shares of Zscaler Inc (NASDAQ:ZS) by 13.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,100 shares of the company’s stock after selling 500 shares during the period. Optimum Investment Advisors’ holdings in Zscaler were worth $144,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CSat Investment Advisory L.P. bought a new stake in shares of Zscaler in the 2nd quarter worth approximately $25,000. Winslow Evans & Crocker Inc. bought a new position in Zscaler in the 4th quarter worth about $34,000. IFP Advisors Inc grew its position in Zscaler by 96.3% during the 4th quarter. IFP Advisors Inc now owns 1,117 shares of the company’s stock valued at $53,000 after purchasing an additional 548 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Zscaler by 426.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 906 shares of the company’s stock valued at $69,000 after purchasing an additional 734 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in Zscaler by 39.1% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 1,600 shares of the company’s stock valued at $76,000 after purchasing an additional 450 shares during the last quarter. 36.88% of the stock is currently owned by hedge funds and other institutional investors.

ZS has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Zscaler from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Credit Suisse Group reiterated a “buy” rating and set a $70.00 price target on shares of Zscaler in a report on Monday, December 9th. Cowen reissued a “buy” rating and set a $70.00 price target on shares of Zscaler in a research report on Wednesday, December 4th. UBS Group raised their price target on shares of Zscaler from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, Rosenblatt Securities restated a “hold” rating and issued a $50.00 price objective on shares of Zscaler in a report on Wednesday, December 4th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $63.11.

In other Zscaler news, Director Andrew William Fraser Brown sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. Following the completion of the sale, the director now directly owns 11,949 shares of the company’s stock, valued at $716,940. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Remo Canessa sold 110,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $60.00, for a total value of $6,600,000.00. Following the completion of the transaction, the chief financial officer now directly owns 417,812 shares in the company, valued at $25,068,720. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,854 shares of company stock valued at $7,591,371. 23.80% of the stock is currently owned by insiders.

Shares of ZS stock opened at $59.96 on Friday. The company has a 50 day moving average price of $50.67 and a 200-day moving average price of $58.36. Zscaler Inc has a 52 week low of $40.05 and a 52 week high of $89.54. The firm has a market capitalization of $7.69 billion, a PE ratio of -199.87 and a beta of 1.14. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, December 3rd. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.11. The firm had revenue of $93.59 million during the quarter, compared to analysts’ expectations of $89.81 million. Zscaler had a negative net margin of 11.45% and a negative return on equity of 11.23%. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. Analysts anticipate that Zscaler Inc will post -0.34 earnings per share for the current year.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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