Neuburgh Advisers LLC Invests $44,000 in Zscaler Inc (NASDAQ:ZS)
Neuburgh Advisers LLC purchased a new position in shares of Zscaler Inc (NASDAQ:ZS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 572 shares of the company’s stock, valued at approximately $44,000.
Other hedge funds also recently modified their holdings of the company. Stevens Capital Management LP bought a new position in Zscaler in the second quarter worth about $268,000. Aperio Group LLC lifted its holdings in Zscaler by 100.8% in the second quarter. Aperio Group LLC now owns 5,840 shares of the company’s stock worth $448,000 after acquiring an additional 2,932 shares during the last quarter. Baldwin Brothers Inc. MA bought a new position in Zscaler in the second quarter worth about $77,000. First Trust Advisors LP lifted its holdings in Zscaler by 474.2% in the first quarter. First Trust Advisors LP now owns 586,138 shares of the company’s stock worth $41,575,000 after acquiring an additional 484,056 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in Zscaler by 22.5% in the second quarter. Advisor Group Inc. now owns 33,276 shares of the company’s stock worth $2,550,000 after acquiring an additional 6,120 shares during the last quarter. 33.49% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Amit Sinha sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $80.78, for a total transaction of $1,454,040.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Karen Blasing sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $77.12, for a total transaction of $77,120.00. The disclosure for this sale can be found here. Insiders sold 189,774 shares of company stock worth $15,730,959 in the last 90 days. 27.40% of the stock is owned by company insiders.
Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.06. Zscaler had a negative net margin of 9.46% and a negative return on equity of 9.78%. The company had revenue of $86.11 million for the quarter, compared to analyst estimates of $82.15 million. On average, sell-side analysts anticipate that Zscaler Inc will post -0.24 EPS for the current fiscal year.
ZS has been the topic of a number of recent research reports. OTR Global cut shares of Zscaler from a “mixed” rating to a “negative” rating in a report on Monday, August 19th. ValuEngine cut shares of Zscaler from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Needham & Company LLC reissued a “strong-buy” rating and issued a $89.00 target price (up previously from $65.00) on shares of Zscaler in a report on Friday, May 31st. UBS Group cut their target price on shares of Zscaler from $70.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Robert W. Baird cut their target price on shares of Zscaler from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $67.50.
Zscaler Company Profile
Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
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