Diversified Trust Co Acquires 539 Shares of Zscaler, Inc. (NASDAQ:ZS)

Posted by on Jun 21st, 2023

Diversified Trust Co lifted its holdings in Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 6.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,541 shares of the company’s stock after purchasing an additional 539 shares during the period. Diversified Trust Co’s holdings in Zscaler were worth $1,115,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ZS. Accurate Wealth Management LLC bought a new position in shares of Zscaler in the fourth quarter worth about $27,000. Sonnipe Ltd bought a new position in Zscaler during the fourth quarter valued at about $28,000. Psagot Value Holdings Ltd. Israel bought a new position in Zscaler during the fourth quarter valued at about $38,000. CoreCap Advisors LLC bought a new position in Zscaler during the fourth quarter valued at about $38,000. Finally, Coppell Advisory Solutions Corp. bought a new position in Zscaler during the fourth quarter valued at about $45,000. 45.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ZS has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on Zscaler from $150.00 to $180.00 in a research note on Friday, June 16th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $210.00 price objective on shares of Zscaler in a research note on Tuesday, April 11th. Piper Sandler upped their price objective on Zscaler from $130.00 to $145.00 in a research note on Friday, June 9th. Mizuho upped their price objective on Zscaler from $150.00 to $168.00 in a research note on Thursday, June 15th. Finally, Rosenblatt Securities initiated coverage on Zscaler in a research note on Monday, May 1st. They issued a “buy” rating and a $135.00 price objective on the stock. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.66.

Zscaler Stock Down 3.5 %

Shares of ZS opened at $148.66 on Wednesday. Zscaler, Inc. has a 12 month low of $84.93 and a 12 month high of $194.21. The firm’s 50 day moving average is $121.24 and its 200-day moving average is $118.92. The stock has a market capitalization of $21.69 billion, a PE ratio of -78.66 and a beta of 0.84. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.90.

Zscaler (NASDAQ:ZS – Get Rating) last announced its quarterly earnings data on Thursday, June 1st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $418.80 million for the quarter, compared to analysts’ expectations of $411.55 million. Zscaler had a negative net margin of 18.20% and a negative return on equity of 39.82%. The firm’s quarterly revenue was up 46.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.61) earnings per share. Equities research analysts forecast that Zscaler, Inc. will post -1.17 EPS for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,496 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $150.00, for a total value of $374,400.00. Following the sale, the insider now owns 142,899 shares in the company, valued at $21,434,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Robert Schlossman sold 2,496 shares of Zscaler stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $150.00, for a total transaction of $374,400.00. Following the transaction, the insider now owns 142,899 shares in the company, valued at $21,434,850. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew William Fraser Brown sold 5,632 shares of Zscaler stock in a transaction on Friday, June 9th. The stock was sold at an average price of $150.85, for a total transaction of $849,587.20. Following the transaction, the director now owns 23,145 shares in the company, valued at approximately $3,491,423.25. The disclosure for this sale can be found here. Insiders have sold 33,111 shares of company stock worth $5,131,336 over the last quarter. Corporate insiders own 19.80% of the company’s stock.

About Zscaler

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Zscaler, Inc operates as a cloud security company worldwide. It 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.

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Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

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