XTX Topco Ltd Lowers Position in Zscaler, Inc. (NASDAQ:ZS)

XTX Topco Ltd reduced its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 88.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,498 shares of the company's stock after selling 11,376 shares during the period. XTX Topco Ltd's holdings in Zscaler were worth $270,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the 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 $429,168.25. Following the transaction, the chief executive officer now owns 356,414 shares in the company, valued at approximately $70,979,848.10. This represents a 0.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction that occurred on 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 owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,234 shares of company stock valued at $42,030,790. 18.10% of the stock is currently owned by corporate insiders.

Zscaler Price Performance

NASDAQ ZS traded up $4.28 during midday trading on Monday, hitting $219.86. 2,908,820 shares of the company traded hands, compared to its average volume of 1,996,470. The company has a market cap of $34.02 billion, a PE ratio of -879.44 and a beta of 1.12. The company's 50-day simple moving average is $199.41 and its 200-day simple moving average is $197.54. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $221.32.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZS. Stephens began coverage on Zscaler in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $255.00 price objective for the company. Robert W. Baird upped their price objective on Zscaler from $240.00 to $250.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. 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 research note on Thursday, March 6th. Wedbush increased their price target on Zscaler from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Finally, Jefferies Financial Group dropped their price target on Zscaler from $245.00 to $240.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Eight investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $236.66.

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.