Parisi Gray Wealth Management purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,295 shares of the company’s stock, valued at approximately $259,000.
A number of other large investors also recently modified their holdings of ZS. Huntington National Bank boosted its holdings in shares of Zscaler by 35.7% in the 4th quarter. Huntington National Bank now owns 190 shares of the company’s stock valued at $38,000 after purchasing an additional 50 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of Zscaler in the 3rd quarter valued at $42,000. Weaver Consulting Group boosted its holdings in shares of Zscaler by 29.5% in the 3rd quarter. Weaver Consulting Group now owns 329 shares of the company’s stock valued at $46,000 after purchasing an additional 75 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Zscaler in the 3rd quarter valued at $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Zscaler in the 3rd quarter valued at $98,000. 42.24% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Amit Sinha sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 4th. The stock was sold at an average price of $212.53, for a total value of $1,487,710.00. Following the transaction, the insider now owns 256,646 shares in the company, valued at approximately $54,544,974.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Karen Blasing sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 4th. The stock was sold at an average price of $195.47, for a total value of $586,410.00. Following the completion of the transaction, the director now owns 3,595 shares in the company, valued at approximately $702,714.65. The disclosure for this sale can be found here. Insiders have sold a total of 301,540 shares of company stock valued at $58,650,901 in the last quarter. Company insiders own 23.80% of the company’s stock.
Shares of ZS traded down $19.27 during trading hours on Tuesday, hitting $194.18. The stock had a trading volume of 46,359 shares, compared to its average volume of 1,950,130. The company has a debt-to-equity ratio of 1.78, a current ratio of 3.73 and a quick ratio of 3.73. The firm has a 50 day simple moving average of $211.16 and a 200-day simple moving average of $165.52. The firm has a market capitalization of $26.06 billion, a P/E ratio of -220.12 and a beta of 0.79. Zscaler, Inc. has a 1-year low of $35.00 and a 1-year high of $230.88.
Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, December 1st. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The company had revenue of $142.60 million during the quarter, compared to the consensus estimate of $132.29 million. Zscaler had a negative return on equity of 24.33% and a negative net margin of 26.69%. The firm’s revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. Equities analysts predict that Zscaler, Inc. will post -1.56 EPS for the current fiscal year.
Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, internet of things, and device 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 internally managed applications, either hosted internally in data centers, and private or public clouds.
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