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Zscaler, Inc. (NASDAQ:ZS) Position Decreased by Geneos Wealth Management Inc.

Defense World · Oct 6, 2022 05:52

Geneos Wealth Management Inc. decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 12.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,425 shares of the company's stock after selling 654 shares during the period. Geneos Wealth Management Inc.'s holdings in Zscaler were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. San Luis Wealth Advisors LLC purchased a new stake in Zscaler during the first quarter valued at about $30,000. AlphaCentric Advisors LLC purchased a new stake in Zscaler during the fourth quarter valued at about $33,000. Arlington Partners LLC lifted its stake in Zscaler by 122.4% during the first quarter. Arlington Partners LLC now owns 109 shares of the company's stock valued at $26,000 after buying an additional 60 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Zscaler during the first quarter valued at about $30,000. Finally, AdvisorNet Financial Inc lifted its stake in Zscaler by 362.1% during the first quarter. AdvisorNet Financial Inc now owns 134 shares of the company's stock valued at $32,000 after buying an additional 105 shares in the last quarter. Institutional investors own 45.51% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have commented on ZS. Canaccord Genuity Group upped their price objective on shares of Zscaler from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, September 9th. BMO Capital Markets upped their target price on Zscaler from $172.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, September 9th. Mizuho upped their price objective on shares of Zscaler from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, September 9th. Wolfe Research lifted their target price on shares of Zscaler from $204.00 to $211.00 and gave the company an "outperform" rating in a research note on Monday, September 12th. Finally, Stephens lifted their target price on shares of Zscaler from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, September 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.03.

Zscaler Trading Up 2.4 %

Shares of ZS stock opened at $180.15 on Thursday. Zscaler, Inc. has a 1 year low of $125.12 and a 1 year high of $376.11. The firm's fifty day simple moving average is $166.49 and its 200 day simple moving average is $174.21. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.69.

Zscaler (NASDAQ:ZS – Get Rating) last announced its earnings results on Thursday, September 8th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.05. Zscaler had a negative net margin of 35.77% and a negative return on equity of 55.59%. The business had revenue of $318.06 million for the quarter, compared to analyst estimates of $305.54 million. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. Zscaler's revenue was up 61.4% compared to the same quarter last year. Analysts expect that Zscaler, Inc. will post -2.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Schlossman sold 8,045 shares of the business's stock in a transaction on Friday, September 16th. The shares were sold at an average price of $167.97, for a total transaction of $1,351,318.65. Following the transaction, the insider now owns 135,381 shares of the company's stock, valued at $22,739,946.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Zscaler news, insider Robert Schlossman sold 8,045 shares of the business's stock in a transaction on Friday, September 16th. The shares were sold at an average price of $167.97, for a total value of $1,351,318.65. Following the sale, the insider now owns 135,381 shares of the company's stock, valued at approximately $22,739,946.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Dali Rajic sold 20,000 shares of the business's stock in a transaction on Friday, September 30th. The shares were sold at an average price of $168.00, for a total transaction of $3,360,000.00. Following the completion of the sale, the chief operating officer now directly owns 270,599 shares in the company, valued at approximately $45,460,632. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,514 shares of company stock valued at $28,809,807. 20.30% of the stock is owned by company insiders.

Zscaler Profile

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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.

Zscaler, Inc. (NASDAQ:ZS) Position Decreased by Geneos Wealth Management Inc.

Analyst Upgrades and Downgrades

Zscaler Trading Up 2.4 %

Insider Buying and Selling

Zscaler Profile

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