Qsemble Capital Management LP Acquires 173 Shares of Zscaler, Inc. (NASDAQ:ZS)

Qsemble Capital Management LP increased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,417 shares of the company’s stock after purchasing an additional 173 shares during the period. Qsemble Capital Management LP’s holdings in Zscaler were worth $1,097,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Zscaler during the second quarter worth $28,000. Asset Dedication LLC boosted its holdings in shares of Zscaler by 436.8% during the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after acquiring an additional 166 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of Zscaler during the 2nd quarter valued at $50,000. GAMMA Investing LLC grew its position in Zscaler by 21.3% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after acquiring an additional 67 shares during the last quarter. Finally, Quarry LP increased its holdings in Zscaler by 613.0% in the 2nd quarter. Quarry LP now owns 385 shares of the company’s stock worth $74,000 after purchasing an additional 331 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wedbush cut their price target on Zscaler from $260.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Rosenblatt Securities reiterated a “neutral” rating and set a $190.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. Stifel Nicolaus upped their price target on shares of Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. UBS Group dropped their price target on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Finally, BMO Capital Markets decreased their price objective on Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Ten investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $219.32.

Zscaler Stock Performance

NASDAQ ZS opened at $210.30 on Wednesday. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $259.61. The business has a 50 day moving average price of $187.27 and a 200-day moving average price of $183.96.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The firm had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. The business’s revenue was up 30.3% on a year-over-year basis. Equities research analysts forecast that Zscaler, Inc. will post -0.95 EPS for the current year.

Insider Buying and Selling

In related news, CFO Remo Canessa sold 8,455 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the transaction, the chief financial officer now directly owns 231,793 shares in the company, valued at approximately $39,701,505.04. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Schlossman sold 1,435 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the sale, the insider now owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $5,256,651 in the last quarter. Insiders own 19.20% of the company’s stock.

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.