Diversify Advisory Services LLC Increases Investment in Zscaler, Inc. (NASDAQ:ZS)

Diversify Advisory Services LLC has raised its investment in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 18.6% during the fourth quarter, as noted in their latest Form 13F filing with the SEC. After acquiring an additional 2,563 shares in this period, the firm now holds a total of 16,321 shares. As of the conclusion of this reporting period, Diversify Advisory Services LLC's stake in Zscaler was valued at approximately $3,101,000.

• Zscaler: A Potential Buy-the-Dip Opportunity

In addition to Diversify Advisory Services, other institutional investors have been modifying their stakes in Zscaler. For instance, Kera Capital Partners Inc. established a new position in Zscaler shares valued at $1,869,000 during the fourth quarter. Moreover, KRS Capital Management LLC increased its position by 1.9%, now owning 3,261 shares valued at $588,000 after a purchase of an extra 60 shares. Similarly, Shelton Wealth Management LLC lifted its stake by 2.8%, bringing its total to 6,317 shares worth $1,140,000 after acquiring 171 additional shares. Merit Financial Group LLC also took a new position valued at approximately $787,000 during the same quarter. Additionally, Avanza Fonder AB entered with a new stake worth around $1,211,000. Notably, institutional investors and hedge funds collectively own 46.45% of Zscaler's stock.

Market Analysts Share Insights

Several analysts have made recent evaluations of Zscaler's stock. Susquehanna raised its price target from $210.00 to $225.00 and assigned a "positive" rating in a research note dated December 3rd. Wells Fargo & Company adjusted their target from $180.00 to $190.00 while maintaining an "equal weight" rating, as mentioned in a report dated December 4th. Stifel Nicolaus also increased its target from $220.00 to $235.00, giving Zscaler a "buy" rating in a report released on November 14th. KeyCorp raised their projection from $245.00 to $250.00 with an "overweight" rating on December 3rd. Likewise, Jefferies Financial Group lifted its estimate from $225.00 to $245.00, marking the stock with a "buy" rating in a note on November 26th. Overall, 11 analysts have rated Zscaler with a hold rating, whereas 23 have assigned it a buy rating. MarketBeat data indicates that Zscaler has an average rating classified as "Moderate Buy" and a consensus target price of $224.84.

• MarketBeat Week in Review – Insights for Investors

Explore Our Comprehensive Stock Analysis on ZS

Insider Transactions Raise Eyebrows

In recent developments, insider Syam Nair sold 3,682 shares of Zscaler on December 17th for an average price of $200.32, totaling about $737,578.24. Following this sale, Nair retains ownership of 142,866 shares valued at around $28,618,917.12, representing a decrease of 2.51% in their holdings. This transaction has been disclosed in SEC filings. Additionally, CFO Remo Canessa sold 3,703 shares on the same day, also at an average of $200.32, resulting in approximately $741,784.96 in total sales. Canessa now holds 220,635 shares valued at $44,197,603.20, indicating a 1.65% decrease in their ownership. Over the last three months, insiders have sold a total of 10,248 shares valued at $2,052,879, with insiders currently owning 18.10% of the company’s total stock.

Zscaler’s Stock Performance Overview

• Cloud Security Performance: Current Market Leaders

The stock for NASDAQ ZS opened at $187.58 on Monday. The company exhibits a 50-day moving average of $196.44 alongside a 200-day moving average of $187.99. Notably, Zscaler has a 52-week low of $153.45 and a high of $259.61.

Zscaler (NASDAQ:ZS - Get Free Report) publicly reported its quarterly earnings on December 2nd, showcasing earnings of $0.77 per share (EPS), surpassing the consensus estimate of $0.63 by $0.14. The company generated revenue of $628.00 million during the quarter, exceeding estimated revenues of $605.51 million. Despite this growth, Zscaler recorded a negative net margin of 1.58% and a negative return on equity of 0.75%. Quarterly revenue rose by 26.4% compared to the same period last year. Last year, the company had reported an EPS of ($0.18). Analysts suggest that Zscaler, Inc. may report an EPS of -0.16 for the current fiscal year.

Introduction to Zscaler

(Free Report)

Zscaler, Inc. operates globally as a cloud security company. They provide the Zscaler Internet Access solution, which enables secure access for users, workloads, IoT, and OT devices to externally managed applications, including SaaS applications and internet destinations. The company also offers Zscaler Private Access, designed for secure access to managed applications hosted within internal data centers and public or private clouds.

Additional Resources and Insights

• Discover Five Stocks That Could Outperform Zscaler
• Comprehensive Overview of the Nasdaq
• High Dividend Opportunities: Trending REITs for 2025
• Understanding Insider Selling: Impact on Investment Decisions
• Highlights from Oilfield Leader SLB: An Emerging AI Name
• Clarifying Short Interest: A Guide for Investors
• Top ETFs Projected to Surpass Market Performance in 2024

Curious About Other Hedge Funds Holding ZS? Visit Yahoo Finance to access the most recent 13F filings and insider transactions related to Zscaler, Inc. (NASDAQ:ZS - Free Report).

This summary was created using advanced technology and financial data to deliver accurate and timely information. It has been checked for quality by our editorial team. For any inquiries, please reach out through the relevant contact channels.

Should You Consider Investing in Zscaler at This Time?

Before making any investment decisions regarding Zscaler, it is advisable to evaluate recent market insights.

Market analysts are diligently tracking and assessing the top-rated stocks and sectors that show promise for future performance. Currently, Zscaler is rated as "Moderate Buy," yet analysts have highlighted five other stocks that might prove to be more prudent investments at this time.

Learn more about these promising investment opportunities.

Investment, Stake, Analysis