10,112 Shares in Zscaler, Inc. (NASDAQ:ZS) Acquired by Brooklyn FI LLC

Brooklyn FI LLC bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,112 shares of the company's stock, valued at approximately $1,957,000.

Several other large investors also recently modified their holdings of ZS. Fred Alger Management LLC lifted its holdings in shares of Zscaler by 1,151.0% in the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company's stock worth $1,773,000 after purchasing an additional 9,542 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Zscaler by 11.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company's stock worth $65,036,000 after purchasing an additional 37,801 shares during the period. Zweig DiMenna Associates LLC raised its stake in shares of Zscaler by 29.8% during the 4th quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company's stock worth $14,061,000 after purchasing an additional 17,900 shares during the period. Baader Bank Aktiengesellschaft raised its stake in shares of Zscaler by 30.3% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company's stock worth $1,515,000 after purchasing an additional 1,952 shares during the period. Finally, Benjamin Edwards Inc. bought a new stake in shares of Zscaler during the 3rd quarter worth $449,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ZS shares. BMO Capital Markets boosted their price objective on Zscaler from $222.00 to $233.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Canaccord Genuity Group upped their price objective on shares of Zscaler from $220.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Rosenblatt Securities raised Zscaler from a "neutral" rating to a "buy" rating and upped their target price for the stock from $190.00 to $235.00 in a research note on Thursday, March 6th. JMP Securities reissued a "market outperform" rating and set a $240.00 price objective (down previously from $270.00) on shares of Zscaler in a research note on Tuesday, December 3rd. Finally, KeyCorp raised their price target on Zscaler from $245.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.68.

Remove Ads

Zscaler Price Performance

NASDAQ:ZS traded up $1.65 during trading hours on Friday, reaching $205.20. 1,826,357 shares of the company were exchanged, compared to its average volume of 1,862,956. The firm has a market cap of $31.75 billion, a price-to-earnings ratio of -820.80 and a beta of 0.88. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84. The stock has a 50 day simple moving average of $199.74 and a 200 day simple moving average of $191.83.

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,155 shares of Zscaler stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $429,168.25. Following the sale, the chief executive officer now directly owns 356,414 shares in the company, valued at $70,979,848.10. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of Zscaler stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the completion of the sale, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 199,234 shares of company stock valued at $39,970,790 over the last 90 days. Corporate insiders own 18.10% of the company's stock.

About Zscaler

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.