Zscaler, Inc. (NASDAQ:ZS) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP increased its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,158 shares of the company's stock after acquiring an additional 9,329 shares during the quarter. Trexquant Investment LP owned approximately 0.06% of Zscaler worth $15,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Corebridge Financial Inc. grew its stake in shares of Zscaler by 0.5% in the 4th quarter. Corebridge Financial Inc. now owns 11,695 shares of the company's stock valued at $2,110,000 after purchasing an additional 54 shares during the last quarter. Erste Asset Management GmbH grew its position in Zscaler by 0.6% in the 4th quarter. Erste Asset Management GmbH now owns 9,780 shares of the company's stock valued at $1,805,000 after buying an additional 56 shares during the last quarter. KRS Capital Management LLC increased its stake in Zscaler by 1.9% in the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company's stock valued at $588,000 after buying an additional 60 shares during the period. Ironwood Investment Management LLC raised its position in Zscaler by 1.0% during the 4th quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company's stock worth $1,127,000 after buying an additional 64 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Zscaler by 16.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the company's stock worth $88,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.

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Insider Activity

In other news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the business's stock in a transaction 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 of the company's stock, valued at $70,979,848.10. The trade was a 0.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew William Fraser Brown sold 10,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total value of $2,060,000.00. Following the completion of the transaction, the director now directly owns 27,216 shares in the company, valued at $5,606,496. This trade represents a 26.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,234 shares of company stock valued at $42,030,790 over the last quarter. Company insiders own 18.10% of the company's stock.

Zscaler Price Performance

ZS traded down $14.83 during trading on Thursday, hitting $192.21. The company's stock had a trading volume of 3,897,122 shares, compared to its average volume of 1,915,071. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $217.84. The stock has a market cap of $29.74 billion, a PE ratio of -768.84 and a beta of 1.12. The firm's 50 day moving average price is $202.76 and its 200-day moving average price is $194.41.

Analysts Set New Price Targets

Several research firms recently issued reports on ZS. BTIG Research set a $252.00 price target on shares of Zscaler and gave the stock a "buy" rating in a report on Thursday, March 6th. Stephens began coverage on Zscaler in a research note on Tuesday. They set an "overweight" rating and a $255.00 target price for the company. Scotiabank reissued a "sector outperform" rating and issued a $242.00 price target (up from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. UBS Group upped their price objective on Zscaler from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group set a $207.00 target price on Zscaler and gave the company a "neutral" rating in a report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $234.94.

Zscaler 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.