Zscaler, Inc. (NASDAQ:ZS) Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,871 shares of the company’s stock after acquiring an additional 156 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Zscaler were worth $879,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ZS. Prestige Wealth Management Group LLC acquired a new stake in Zscaler in the third quarter worth approximately $31,000. True Wealth Design LLC raised its stake in shares of Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after buying an additional 185 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after buying an additional 104 shares during the period. Modus Advisors LLC bought a new position in Zscaler during the fourth quarter valued at about $36,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Zscaler during the third quarter worth about $38,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ZS shares. Scotiabank raised their price objective on shares of Zscaler from $205.00 to $225.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Oppenheimer lifted their price target on shares of Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a report on Tuesday, December 3rd. Citigroup raised their price objective on Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Loop Capital reduced their target price on Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and an average target price of $225.47.

Zscaler Stock Down 1.2 %

Shares of ZS stock opened at $191.24 on Tuesday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $259.61. The company has a market cap of $29.34 billion, a PE ratio of -764.96 and a beta of 0.87. The business’s 50 day moving average is $194.81 and its two-hundred day moving average is $187.69.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. Zscaler’s revenue was up 26.4% compared to the same quarter last year. During the same period last year, the business posted ($0.18) EPS. As a group, equities analysts expect that Zscaler, Inc. will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,863 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,248 shares of company stock valued at $2,052,879. Insiders own 18.10% of the company’s stock.

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.