LaFleur & Godfrey LLC Increases Holdings in Zscaler, Inc. (NASDAQ:ZS)

LaFleur & Godfrey LLC increased its stake in Zscaler, Inc. (NASDAQ:ZS) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,985 shares of the company’s stock after purchasing an additional 399 shares during the quarter. Zscaler makes up approximately 1.5% of LaFleur & Godfrey LLC’s portfolio, making the stock its 20th biggest holding. LaFleur & Godfrey LLC’s holdings in Zscaler were worth $11,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ZS. Prestige Wealth Management Group LLC purchased a new position in shares of Zscaler during the third quarter worth about $31,000. True Wealth Design LLC raised its position in Zscaler by 18,500.0% in the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after purchasing an additional 185 shares during the period. Versant Capital Management Inc lifted its stake in shares of Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares during the last quarter. Modus Advisors LLC bought a new stake in Zscaler in the fourth quarter valued at approximately $36,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Zscaler during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $741,784.96. Following the completion of the transaction, the chief financial officer now owns 220,635 shares in the company, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their position. The sale 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 firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock valued at $2,052,879 in the last three months. Corporate insiders own 18.10% of the company’s stock.

Zscaler Stock Up 0.0 %

Shares of ZS stock opened at $187.58 on Monday. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The stock has a 50-day simple moving average of $196.44 and a 200 day simple moving average of $187.99.

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

Wall Street Analyst Weigh In

ZS has been the topic of a number of research reports. BTIG Research lifted 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 price target on shares of Zscaler in a research note on Tuesday, December 3rd. Morgan Stanley decreased their target price on Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their target price on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. Finally, KeyCorp raised their target price on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Eleven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.84.

Zscaler Company Profile

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.