Black Swift Group LLC Purchases Shares of 4,000 Zscaler, Inc. (NASDAQ:ZS)

Black Swift Group LLC bought a new stake in Zscaler, Inc. (NASDAQ:ZS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,000 shares of the company’s stock, valued at approximately $722,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Zscaler by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,625,861 shares of the company’s stock worth $277,327,000 after purchasing an additional 60,414 shares in the last quarter. Champlain Investment Partners LLC increased its position in shares of Zscaler by 28.2% in the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock worth $220,401,000 after purchasing an additional 283,540 shares during the period. Bank of New York Mellon Corp increased its position in shares of Zscaler by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 539,113 shares of the company’s stock worth $97,261,000 after purchasing an additional 16,742 shares during the period. Westfield Capital Management Co. LP grew its position in Zscaler by 33.8% in the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after acquiring an additional 100,814 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in Zscaler by 11.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock valued at $65,036,000 after acquiring an additional 37,801 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction that occurred 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 directly owns 220,635 shares in the company, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’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 $573,516.16. Following the completion of the sale, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. The trade was a 0.79 % 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. 18.10% of the stock is owned by company insiders.

Zscaler Trading Up 1.4 %

Shares of NASDAQ ZS opened at $196.45 on Thursday. The stock has a market capitalization of $30.14 billion, a PE ratio of -785.80 and a beta of 0.89. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $217.84. The stock’s fifty day simple moving average is $195.83 and its two-hundred day simple moving average is $191.54.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Scotiabank reaffirmed a “sector outperform” rating on shares of Zscaler in a research note on Wednesday. Rosenblatt Securities restated a “neutral” rating and issued a $190.00 price objective on shares of Zscaler in a research note on Wednesday. Oppenheimer upped their price target on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Loop Capital dropped their price target on Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a research report on Tuesday, December 3rd. Finally, Stifel Nicolaus upped their price target on Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Ten 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $226.94.

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.