Andrew William Fraser Brown Sells 10,000 Shares of Zscaler, Inc. (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) Director Andrew William Fraser Brown sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $206.00, for a total value of $2,060,000.00. Following the transaction, the director now owns 27,216 shares of the company's stock, valued at $5,606,496. This represents a 26.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Zscaler Price Performance

Zscaler stock traded up $5.39 during mid-day trading on Monday, hitting $180.06. The company's stock had a trading volume of 5,733,477 shares, compared to its average volume of 1,943,659. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84. The firm's 50 day moving average is $202.38 and its 200 day moving average is $194.78. The company has a market cap of $27.86 billion, a PE ratio of -720.24 and a beta of 1.12.

Institutional Trading of Zscaler

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Zscaler by 120.1% during the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock valued at $173,921,000 after buying an additional 525,956 shares during the period. Natixis acquired a new position in shares of Zscaler in the fourth quarter worth $87,775,000. Greenvale Capital LLP purchased a new stake in shares of Zscaler during the fourth quarter worth $72,164,000. Pictet Asset Management Holding SA boosted its position in Zscaler by 25.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock valued at $291,935,000 after purchasing an additional 332,307 shares during the last quarter. Finally, DnB Asset Management AS grew its stake in Zscaler by 66.8% in the fourth quarter. DnB Asset Management AS now owns 667,383 shares of the company's stock valued at $120,403,000 after purchasing an additional 267,162 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages recently weighed in on ZS. Barclays reiterated an "overweight" rating on shares of Zscaler in a research report on Wednesday, March 5th. Rosenblatt Securities raised Zscaler from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $190.00 to $235.00 in a report on Thursday, March 6th. Bank of America raised Zscaler from a "neutral" rating to a "buy" rating and increased their price target for the stock from $215.00 to $240.00 in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of Zscaler from $240.00 to $250.00 and gave the stock an "overweight" rating in a report on Thursday, March 6th. Finally, Mizuho raised their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $234.94.

Zscaler Company 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.