Inspirion Wealth Advisors LLC Has $1.59 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Inspirion Wealth Advisors LLC cut its holdings in Zscaler, Inc. (NASDAQ:ZS) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,629 shares of the company’s stock after selling 450 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in Zscaler were worth $1,587,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC boosted its position in Zscaler by 28.2% during the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock worth $220,401,000 after purchasing an additional 283,540 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Zscaler by 13,498.6% during the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock worth $48,769,000 after buying an additional 283,201 shares during the period. GuoLine Advisory Pte Ltd bought a new position in Zscaler in the 3rd quarter worth $32,660,000. Massachusetts Financial Services Co. MA acquired a new position in Zscaler during the 2nd quarter worth $25,287,000. Finally, Westfield Capital Management Co. LP boosted its holdings in Zscaler by 33.8% during the third quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after acquiring an additional 100,814 shares during the period. 46.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the transaction, the chief financial officer now owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now directly owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,248 shares of company stock valued at $2,052,879. Company insiders own 18.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZS. JMP Securities reaffirmed a “market outperform” rating and issued a $240.00 price target (down from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. BTIG Research upped their target price on shares of Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Citigroup increased their price target on shares of Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price target on shares of Zscaler in a report on Friday, January 10th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $224.84.

Zscaler Stock Performance

ZS stock opened at $187.55 on Friday. The business has a fifty day moving average of $196.79 and a 200-day moving average of $188.20. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $259.61.

Zscaler (NASDAQ:ZS) last issued its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.18) EPS. On average, research analysts expect that Zscaler, Inc. will post -0.16 EPS for the current year.

About Zscaler

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.