Zscaler, Inc. (NASDAQ:ZS) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,991 shares of the company's stock after purchasing an additional 1,429 shares during the quarter. Corient Private Wealth LLC's holdings in Zscaler were worth $3,426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Global X Japan Co. Ltd. grew its holdings in shares of Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Zscaler in the 4th quarter worth about $29,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Zscaler in the third quarter valued at approximately $31,000. True Wealth Design LLC boosted its holdings in shares of Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company's stock valued at $32,000 after purchasing an additional 185 shares during the period. Finally, Versant Capital Management Inc grew its stake 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 purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Insider Buying and Selling

In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction 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 sale, the insider now owns 2,580,210 shares in the company, valued at $517,822,344.90. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of Zscaler stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $429,168.25. Following the sale, the chief executive officer now owns 356,414 shares of the company's stock, valued at approximately $70,979,848.10. This trade represents a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 199,234 shares of company stock worth $39,970,790 over the last three months. 18.10% of the stock is owned by insiders.

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Analysts Set New Price Targets

ZS has been the topic of a number of recent research reports. Piper Sandler increased their price target on Zscaler from $215.00 to $235.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Mizuho lifted their target price on Zscaler from $210.00 to $225.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. BMO Capital Markets boosted their target price on Zscaler from $222.00 to $233.00 and gave the stock an "outperform" rating in a research note on Thursday, March 6th. Jefferies Financial Group upped their target price on Zscaler from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, UBS Group upped their price objective on shares of Zscaler from $250.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, Zscaler has a consensus rating of "Moderate Buy" and a consensus price target of $232.68.

Zscaler Price Performance

Shares of Zscaler stock traded down $4.18 during trading on Wednesday, reaching $211.55. 1,674,780 shares of the stock traded hands, compared to its average volume of 1,864,936. The company has a market capitalization of $32.73 billion, a price-to-earnings ratio of -846.20 and a beta of 0.88. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84. The business has a fifty day simple moving average of $200.82 and a two-hundred day simple moving average of $192.83.

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.