Triumph Capital Management Has $123,000 Stake in Zscaler, Inc. $ZS

Triumph Capital Management decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 88.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 868 shares of the company’s stock after selling 6,622 shares during the period. Triumph Capital Management’s holdings in Zscaler were worth $123,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Zscaler by 1.4% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after purchasing an additional 36 shares during the last quarter. Parallel Advisors LLC increased its stake in Zscaler by 10.9% in the 3rd quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock valued at $119,000 after buying an additional 39 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Zscaler by 7.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock worth $204,000 after buying an additional 45 shares in the last quarter. Larson Financial Group LLC lifted its position in Zscaler by 2.6% during the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $611,000 after buying an additional 52 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Zscaler by 6.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 976 shares of the company’s stock worth $292,000 after buying an additional 56 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 3.2%

ZS opened at $172.73 on Thursday. The stock’s fifty day simple moving average is $159.43 and its 200 day simple moving average is $150.39. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The stock has a market cap of $27.93 billion, a PE ratio of -359.85, a price-to-earnings-growth ratio of 104.98 and a beta of 0.95. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72.

Insider Activity at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the sale, the chief executive officer owned 343,038 shares in the company, valued at approximately $43,370,294.34. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of Zscaler stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the sale, the insider directly owned 69,366 shares of the company’s stock, valued at $8,769,943.38. The trade was a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 16,772 shares of company stock valued at $2,139,799 over the last three months. Company insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Zscaler in a research report on Wednesday, June 10th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price target on shares of Zscaler in a research note on Wednesday, June 10th. JPMorgan Chase & Co. raised their price target on Zscaler from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Zscaler in a research note on Wednesday, June 10th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.10.

Zscaler Company Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.