Zscaler, Inc. (NASDAQ:ZS) Shares Sold by PDT Partners LLC

PDT Partners LLC cut its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 51.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,703 shares of the company’s stock after selling 9,400 shares during the quarter. PDT Partners LLC’s holdings in Zscaler were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fred Alger Management LLC lifted its position in Zscaler by 1,151.0% in the third quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock valued at $1,773,000 after purchasing an additional 9,542 shares during the period. Captrust Financial Advisors raised its stake in shares of Zscaler by 11.2% during the 3rd quarter. Captrust Financial Advisors now owns 5,024 shares of the company’s stock worth $859,000 after buying an additional 504 shares in the last quarter. Lattice Capital Management LLC lifted its holdings in shares of Zscaler by 318.2% in the 3rd quarter. Lattice Capital Management LLC now owns 4,600 shares of the company’s stock valued at $786,000 after buying an additional 3,500 shares during the period. Cynosure Group LLC boosted its stake in shares of Zscaler by 4.4% in the third quarter. Cynosure Group LLC now owns 2,131 shares of the company’s stock valued at $364,000 after buying an additional 89 shares in the last quarter. Finally, Townsquare Capital LLC grew its holdings in Zscaler by 236.2% during the third quarter. Townsquare Capital LLC now owns 4,983 shares of the company’s stock worth $852,000 after acquiring an additional 3,501 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zscaler news, Director Andrew William Fraser Brown sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $174.10, for a total value of $1,392,800.00. Following the completion of the transaction, the director now owns 25,907 shares in the company, valued at $4,510,408.70. This represents a 23.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the sale, the insider now owns 105,806 shares in the company, valued at $19,224,950.20. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,502 shares of company stock valued at $5,256,651. 18.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on ZS. BNP Paribas began coverage on shares of Zscaler in a research report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 target price on the stock. Wedbush decreased their price objective on shares of Zscaler from $260.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Susquehanna restated a “positive” rating and set a $210.00 target price on shares of Zscaler in a research report on Thursday, September 5th. Scotiabank reduced their price target on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating for the company in a research report on Wednesday, September 4th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $190.00 price target on shares of Zscaler in a report on Wednesday, September 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.13.

Zscaler Stock Performance

Zscaler stock opened at $206.59 on Monday. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $259.61. The firm has a 50 day moving average price of $190.12 and a 200 day moving average price of $184.78.

Zscaler (NASDAQ:ZS) last issued its earnings results 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 return on equity of 3.46% and a negative net margin of 2.66%. The business had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. During the same period last year, the company posted ($0.17) EPS. The business’s quarterly revenue was up 30.3% on a year-over-year basis. Equities research analysts expect that Zscaler, Inc. will post -0.95 earnings per share for the current fiscal year.

Zscaler Profile

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.