Atomi Financial Group Inc. bought a new position in Zscaler, Inc. (NASDAQ:ZS – Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 18,962 shares of the company’s stock, valued at approximately $2,215,000. Zscaler makes up 1.2% of Atomi Financial Group Inc.’s investment portfolio, making the stock its 14th largest position.
Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA acquired a new stake in Zscaler in the 1st quarter worth approximately $29,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in Zscaler during the 1st quarter worth approximately $29,000. CoreCap Advisors LLC purchased a new position in Zscaler during the 4th quarter worth approximately $38,000. KB Financial Partners LLC purchased a new position in Zscaler during the 1st quarter worth approximately $39,000. Finally, Vestor Capital LLC purchased a new position in Zscaler during the 1st quarter worth approximately $40,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Zscaler
In other news, insider Robert Schlossman sold 5,013 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $156.64, for a total transaction of $785,236.32. Following the transaction, the insider now directly owns 137,099 shares in the company, valued at $21,475,187.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Dali Rajic sold 22,000 shares of Zscaler stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $141.50, for a total value of $3,113,000.00. Following the transaction, the chief operating officer now directly owns 306,406 shares in the company, valued at approximately $43,356,449. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Schlossman sold 5,013 shares of Zscaler stock in a transaction on Friday, June 16th. The shares were sold at an average price of $156.64, for a total transaction of $785,236.32. Following the completion of the transaction, the insider now owns 137,099 shares in the company, valued at $21,475,187.36. The disclosure for this sale can be found here. Insiders have sold 128,483 shares of company stock worth $19,372,333 over the last three months. Insiders own 19.80% of the company’s stock.
Zscaler Stock Down 0.5 %
Shares of ZS traded down $0.85 during mid-day trading on Wednesday, hitting $159.37. 510,146 shares of the company’s stock were exchanged, compared to its average volume of 2,698,052. The stock’s 50-day moving average is $149.35 and its 200-day moving average is $130.89. The company has a market cap of $23.25 billion, a price-to-earnings ratio of -113.30 and a beta of 0.85. Zscaler, Inc. has a fifty-two week low of $84.93 and a fifty-two week high of $185.99. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.96 and a current ratio of 1.96.
Zscaler (NASDAQ:ZS – Get Free Report) last issued its earnings results on Tuesday, September 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.15. The firm had revenue of $455.00 million for the quarter, compared to analysts’ expectations of $430.38 million. Zscaler had a negative net margin of 12.51% and a negative return on equity of 34.75%. The firm’s revenue was up 43.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.40) earnings per share. On average, sell-side analysts anticipate that Zscaler, Inc. will post -1 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on ZS shares. Wedbush lifted their target price on shares of Zscaler from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, September 6th. Oppenheimer lifted their target price on shares of Zscaler from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, September 6th. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 target price on shares of Zscaler in a report on Wednesday, September 6th. UBS Group lifted their target price on shares of Zscaler from $175.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, September 6th. Finally, Cantor Fitzgerald lifted their target price on shares of Zscaler from $160.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, September 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.03.
Zscaler Company Profile
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.