Red Spruce Capital LLC acquired a new position in Zscaler Inc (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 23,764 shares of the company’s stock, valued at approximately $1,105,000.

Several other hedge funds have also recently added to or reduced their stakes in ZS. CSat Investment Advisory L.P. bought a new position in Zscaler in the 2nd quarter valued at about $25,000. Meadow Creek Investment Management LLC bought a new position in Zscaler in the 2nd quarter valued at about $32,000. Winslow Evans & Crocker Inc. bought a new position in Zscaler in the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC grew its position in Zscaler by 426.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 906 shares of the company’s stock valued at $69,000 after buying an additional 734 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in Zscaler by 39.1% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 1,600 shares of the company’s stock valued at $76,000 after buying an additional 450 shares in the last quarter. 36.34% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Karen Blasing sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $50.46, for a total transaction of $50,460.00. Following the transaction, the director now owns 2,595 shares of the company’s stock, valued at $130,943.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Schlossman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $50.51, for a total transaction of $101,020.00. Following the transaction, the insider now directly owns 94,966 shares in the company, valued at approximately $4,796,732.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,854 shares of company stock worth $871,371. Insiders own 23.80% of the company’s stock.

A number of equities analysts recently issued reports on ZS shares. Zacks Investment Research lowered shares of Zscaler from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. DA Davidson restated an “outperform” rating and set a $58.00 price objective on shares of Zscaler in a research report on Wednesday, December 4th. Citigroup initiated coverage on shares of Zscaler in a research report on Monday, October 14th. They set a “neutral” rating and a $50.00 price objective for the company. BMO Capital Markets reduced their price objective on shares of Zscaler from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Wednesday, December 4th. Finally, Berenberg Bank upgraded shares of Zscaler from a “hold” rating to a “buy” rating and reduced their price objective for the company from $78.00 to $60.00 in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.11.

NASDAQ ZS opened at $59.99 on Thursday. The company has a 50 day simple moving average of $49.38 and a 200-day simple moving average of $59.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of -499.92 and a beta of 1.14. Zscaler Inc has a 52-week low of $40.05 and a 52-week high of $89.54.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.11. The business had revenue of $93.59 million during the quarter, compared to analyst estimates of $89.81 million. Zscaler had a negative net margin of 11.45% and a negative return on equity of 11.23%. The firm’s revenue was up 47.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. On average, analysts predict that Zscaler Inc will post -0.34 EPS for the current year.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either 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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