Zscaler, Inc. (NASDAQ:ZS) Shares Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC grew its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,261 shares of the company’s stock after acquiring an additional 109 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Zscaler were worth $408,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mediolanum International Funds Ltd boosted its holdings in Zscaler by 17.2% in the fourth quarter. Mediolanum International Funds Ltd now owns 53,646 shares of the company’s stock valued at $9,800,000 after acquiring an additional 7,892 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Zscaler in the 4th quarter worth about $36,000. Lewis Asset Management LLC acquired a new position in shares of Zscaler in the 4th quarter valued at about $207,000. Baader Bank Aktiengesellschaft grew its holdings in shares of Zscaler by 30.3% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock worth $1,515,000 after purchasing an additional 1,952 shares during the period. Finally, Swedbank AB increased its position in Zscaler by 12.6% during the 4th quarter. Swedbank AB now owns 12,797 shares of the company’s stock worth $2,309,000 after purchasing an additional 1,434 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Jefferies Financial Group lifted their target price on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. BNP Paribas began coverage on Zscaler in a report on Tuesday, October 8th. They issued a “neutral” rating and a $180.00 price target for the company. Piper Sandler boosted their price objective on Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Finally, KeyCorp increased their target price on Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.47.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the sale, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the transaction, the chief financial officer now owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is owned by insiders.

Zscaler Stock Down 0.1 %

Shares of NASDAQ:ZS opened at $202.59 on Monday. The company has a market cap of $31.09 billion, a PE ratio of -810.36 and a beta of 0.87. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The firm has a 50-day simple moving average of $194.58 and a 200 day simple moving average of $187.74.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.18) earnings per share. As a group, research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

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.