First Washington CORP Has $3.35 Million Stock Position in Zscaler, Inc. (NASDAQ:ZS)

First Washington CORP increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,566 shares of the company's stock after purchasing an additional 3,360 shares during the quarter. First Washington CORP's holdings in Zscaler were worth $3,349,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZS. Global X Japan Co. Ltd. raised its stake in shares of Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Summit Securities Group LLC bought a new position in Zscaler during the fourth quarter valued at approximately $27,000. Stonebridge Financial Group LLC acquired a new stake in Zscaler in the fourth quarter valued at approximately $29,000. Versant Capital Management Inc grew its position in Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $32,000 after acquiring an additional 104 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in shares of Zscaler during the 4th quarter worth $36,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 3,721 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $741,037.15. Following the completion of the transaction, the chief financial officer now directly owns 213,702 shares of the company's stock, valued at approximately $42,558,753.30. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $429,168.25. Following the transaction, the chief executive officer now owns 356,414 shares in the company, valued at $70,979,848.10. The trade was a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 209,234 shares of company stock valued at $42,030,790. 18.10% of the stock is currently owned by insiders.

Zscaler Stock Performance

Shares of NASDAQ:ZS traded up $9.75 on Thursday, hitting $210.34. The stock had a trading volume of 1,424,839 shares, compared to its average volume of 1,975,879. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $217.84. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of -840.02 and a beta of 1.12. The firm's 50 day moving average price is $199.38 and its 200-day moving average price is $196.76.

Wall Street Analyst Weigh In

Several research firms have commented on ZS. Citigroup reissued a "buy" rating and set a $240.00 target price (up from $235.00) on shares of Zscaler in a research report on Wednesday, March 5th. Rosenblatt Securities reissued a "buy" rating and issued a $235.00 price objective on shares of Zscaler in a research note on Tuesday, April 15th. Mizuho upped their target price on Zscaler from $210.00 to $225.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Royal Bank of Canada increased their price target on Zscaler from $230.00 to $250.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. Finally, BTIG Research set a $252.00 price objective on shares of Zscaler and gave the stock a "buy" rating in a research note on Thursday, March 6th. Nine investment 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 stock. According to data from MarketBeat, Zscaler currently has an average rating of "Moderate Buy" and an average price target of $234.16.

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.