Zscaler, Inc. (NASDAQ:ZS) Holdings Cut by GraniteShares Advisors LLC

GraniteShares Advisors LLC lowered its holdings in Zscaler, Inc. (NASDAQ:ZS) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,624 shares of the company’s stock after selling 580 shares during the period. GraniteShares Advisors LLC’s holdings in Zscaler were worth $473,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ZS. Global X Japan Co. Ltd. lifted its holdings in Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Zscaler in the fourth quarter worth about $29,000. Prestige Wealth Management Group LLC bought a new position in Zscaler in the third quarter worth about $31,000. True Wealth Design LLC lifted its holdings in Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after acquiring an additional 185 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake 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 purchasing an additional 104 shares during the period. Institutional investors own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ZS. Wells Fargo & Company raised their price target on shares of Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. Mizuho raised their price target on shares of Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a research note on Tuesday, December 3rd. Piper Sandler raised their price target on shares of Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $226.56.

Insider Buying and Selling

In other Zscaler news, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of Zscaler stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now directly 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. In the last 90 days, insiders sold 10,248 shares of company stock valued at $2,052,879. Company insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

Zscaler stock opened at $193.04 on Wednesday. The company has a 50 day moving average price of $195.08 and a 200 day moving average price of $191.20. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $251.55. The firm has a market capitalization of $29.62 billion, a price-to-earnings ratio of -772.16 and a beta of 0.89.

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

Zscaler Company 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.