Kazazian Asset Management LLC purchased a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,415 shares of the company's stock, valued at approximately $255,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of ZS. Champlain Investment Partners LLC boosted its stake in shares of Zscaler by 28.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company's stock worth $220,401,000 after buying an additional 283,540 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Zscaler in the 4th quarter worth $28,072,000. Westfield Capital Management Co. LP boosted its stake in shares of Zscaler by 33.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company's stock worth $68,293,000 after buying an additional 100,814 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Zscaler by 59.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 190,794 shares of the company's stock worth $34,421,000 after buying an additional 71,297 shares during the last quarter. Finally, Thematics Asset Management lifted its position in Zscaler by 88.5% during the third quarter. Thematics Asset Management now owns 147,000 shares of the company's stock valued at $25,128,000 after purchasing an additional 69,000 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.
Zscaler Price Performance
Shares of NASDAQ:ZS traded up $1.65 during trading hours on Friday, hitting $205.20. 1,826,357 shares of the company's stock traded hands, compared to its average volume of 1,862,956. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $217.84. The business has a fifty day moving average price of $199.74 and a 200-day moving average price of $191.83. The firm has a market capitalization of $31.75 billion, a P/E ratio of -820.80 and a beta of 0.88.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on ZS. Loop Capital lowered their target price on Zscaler from $200.00 to $195.00 and set a "hold" rating on the stock in a research report on Tuesday, December 3rd. Needham & Company LLC reiterated a "buy" rating and set a $240.00 target price on shares of Zscaler in a research report on Wednesday, March 5th. Barclays reiterated an "overweight" rating on shares of Zscaler in a research report on Wednesday, March 5th. JMP Securities reiterated a "market outperform" rating and set a $240.00 target price (down from $270.00) on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their target price on Zscaler from $190.00 to $210.00 and gave the company an "equal weight" rating in a research report on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $232.68.
Get Our Latest Analysis on ZS
Insider Activity at Zscaler
In related news, major shareholder Ajay Mangal sold 190,480 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $200.69, for a total value 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. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schlossman sold 2,878 shares of the business'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 value of $573,153.70. Following the completion of the sale, the insider now owns 107,587 shares of the company's stock, valued at $21,425,951.05. The trade was a 2.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 199,234 shares of company stock worth $39,970,790. Company insiders own 18.10% of the company's stock.
Zscaler Company Profile
(
Free Report)
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.
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