Vise Technologies Inc. purchased a new position in Zscaler, Inc. (NASDAQ:ZS – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,965 shares of the company’s stock, valued at approximately $560,000.
Several other institutional investors also recently added to or reduced their stakes in ZS. BlackRock Inc. purchased a new stake in Zscaler in the 2nd quarter valued at about $1,396,028,000. First Trust Advisors LP increased its position in shares of Zscaler by 36.2% during the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after acquiring an additional 935,781 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Zscaler by 43.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock worth $578,576,000 after acquiring an additional 777,414 shares during the period. AQR Capital Management LLC raised its stake in shares of Zscaler by 61.8% during the third quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock valued at $576,083,000 after acquiring an additional 741,756 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of Zscaler by 52.5% during the first quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock valued at $269,285,000 after acquiring an additional 661,413 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.
Insider Buying and Selling
In other news, insider Robert Schlossman sold 3,146 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the transaction, the insider directly owned 69,366 shares of the company’s stock, valued at approximately $8,769,943.38. The trade was a 4.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total value of $345,364.20. Following the sale, the insider owned 42,314 shares of the company’s stock, valued at $5,187,696.40. This trade represents a 6.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 16,269 shares of company stock valued at $2,052,589. 17.20% of the stock is owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Zscaler
Zscaler Stock Performance
Shares of ZS stock opened at $176.06 on Tuesday. The firm has a market cap of $28.47 billion, a price-to-earnings ratio of -366.78, a PEG ratio of 106.97 and a beta of 0.94. The company’s 50 day moving average is $152.01 and its 200 day moving average is $150.11. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99.
Zscaler (NASDAQ:ZS – Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. Zscaler’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. On average, sell-side analysts anticipate that Zscaler, Inc. will post 0.13 EPS for the current fiscal year.
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.
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