Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Broderick Brian C

Broderick Brian C raised its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 53.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the company's stock after acquiring an additional 3,500 shares during the period. Broderick Brian C's holdings in Zscaler were worth $1,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ZS. Proem Advisors LLC acquired a new position in shares of Zscaler during the fourth quarter valued at about $3,608,000. ExodusPoint Capital Management LP grew its position in Zscaler by 33.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 32,551 shares of the company's stock worth $5,873,000 after purchasing an additional 8,228 shares during the last quarter. Motley Fool Asset Management LLC increased its stake in Zscaler by 12.6% during the 4th quarter. Motley Fool Asset Management LLC now owns 6,911 shares of the company's stock valued at $1,247,000 after purchasing an additional 776 shares in the last quarter. Westpac Banking Corp raised its holdings in shares of Zscaler by 763.5% in the fourth quarter. Westpac Banking Corp now owns 4,784 shares of the company's stock worth $863,000 after buying an additional 4,230 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of Zscaler by 12.1% during the fourth quarter. Trexquant Investment LP now owns 86,158 shares of the company's stock worth $15,544,000 after buying an additional 9,329 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Zscaler

In other news, major shareholder Ajay Mangal sold 190,480 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the completion of the transaction, the insider now directly owns 2,580,210 shares of the company's stock, valued at approximately $517,822,344.90. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $429,168.25. Following the completion of the sale, the chief executive officer now directly owns 356,414 shares in the company, valued at approximately $70,979,848.10. This trade represents a 0.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,234 shares of company stock worth $42,030,790. Corporate insiders own 18.10% of the company's stock.

Zscaler Stock Down 2.3 %

NASDAQ ZS traded down $4.06 during trading on Tuesday, hitting $176.00. The stock had a trading volume of 2,323,906 shares, compared to its average volume of 1,945,485. The company has a market capitalization of $27.23 billion, a PE ratio of -700.00 and a beta of 1.12. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $217.84. The firm has a 50 day moving average price of $202.16 and a 200 day moving average price of $194.83.

Analyst Ratings Changes

Several equities analysts recently issued reports on ZS shares. The Goldman Sachs Group set a $207.00 target price on Zscaler and gave the company a "neutral" rating in a research report on Thursday, March 6th. Royal Bank of Canada raised their price objective on Zscaler from $230.00 to $250.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Cantor Fitzgerald raised Zscaler from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $220.00 to $250.00 in a report on Thursday, April 3rd. Robert W. Baird increased their price target on shares of Zscaler from $240.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. Finally, BMO Capital Markets lifted their price objective on shares of Zscaler from $222.00 to $233.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $234.94.

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.