Stanley Laman Group Ltd. Cuts Holdings in Zscaler, Inc. (NASDAQ:ZS)

Stanley Laman Group Ltd. trimmed its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,050 shares of the company’s stock after selling 2,614 shares during the period. Zscaler makes up about 1.1% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 19th largest holding. Stanley Laman Group Ltd.’s holdings in Zscaler were worth $7,544,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ZS. BluePath Capital Management LLC bought a new position in shares of Zscaler during the 3rd quarter valued at $32,000. Parkside Financial Bank & Trust lifted its holdings in shares of Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after buying an additional 134 shares during the period. GAMMA Investing LLC bought a new position in shares of Zscaler during the 4th quarter valued at $37,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Zscaler by 109.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 109 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Zscaler by 41.1% in the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock worth $53,000 after purchasing an additional 69 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial reaffirmed a “buy” rating and issued a $260.00 target price on shares of Zscaler in a report on Monday, April 1st. Citigroup raised their target price on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Macquarie reaffirmed an “outperform” rating and issued a $245.00 target price on shares of Zscaler in a report on Tuesday, March 19th. JMP Securities reissued a “market outperform” rating and set a $270.00 price target on shares of Zscaler in a report on Friday, March 1st. Finally, Sanford C. Bernstein decreased their price target on Zscaler from $311.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average price target of $230.24.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the sale, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the transaction, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the transaction, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,715 shares of company stock valued at $5,865,882. Company insiders own 19.20% of the company’s stock.

Zscaler Stock Down 1.5 %

Zscaler stock traded down $2.65 during mid-day trading on Thursday, reaching $174.81. 1,075,786 shares of the company were exchanged, compared to its average volume of 2,230,798. The business has a fifty day moving average of $200.02 and a 200 day moving average of $203.19. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market cap of $26.20 billion, a P/E ratio of -184.01 and a beta of 0.80. Zscaler, Inc. has a 12-month low of $84.93 and a 12-month high of $259.61.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The firm had revenue of $525.00 million during the quarter, compared to analyst estimates of $507.56 million. Research analysts anticipate that Zscaler, Inc. will post -0.8 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.