ExodusPoint Capital Management LP Has $5.87 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

ExodusPoint Capital Management LP increased its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 33.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,551 shares of the company's stock after acquiring an additional 8,228 shares during the period. ExodusPoint Capital Management LP's holdings in Zscaler were worth $5,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZS. Global X Japan Co. Ltd. raised its position 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 worth $25,000 after purchasing an additional 79 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Zscaler during the fourth quarter valued at approximately $27,000. Stonebridge Financial Group LLC acquired a new position in Zscaler in the 4th quarter worth approximately $29,000. Prestige Wealth Management Group LLC acquired a new position in Zscaler in the 3rd quarter worth approximately $31,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $32,000 after purchasing an additional 104 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,878 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $573,153.70. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew William Fraser Brown sold 10,000 shares of the firm's stock in a transaction 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 sale, the director now directly owns 27,216 shares of the company's stock, valued at $5,606,496. This represents a 26.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,234 shares of company stock valued at $42,030,790. 18.10% of the stock is owned by insiders.

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Zscaler Price Performance

NASDAQ:ZS traded down $9.68 on Thursday, hitting $192.44. 1,414,796 shares of the company's stock were exchanged, compared to its average volume of 1,960,572. The firm has a 50-day moving average price of $201.09 and a 200-day moving average price of $194.98. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $217.84. The company has a market cap of $29.78 billion, a P/E ratio of -769.86 and a beta of 1.12.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZS. Morgan Stanley began coverage on Zscaler in a research report on Tuesday, March 18th. They set an "equal weight" rating for the company. BMO Capital Markets raised their price objective on Zscaler from $222.00 to $233.00 and gave the company an "outperform" rating in a research note on Thursday, March 6th. Bank of America raised shares of Zscaler from a "neutral" rating to a "buy" rating and lifted their price target for the company from $215.00 to $240.00 in a research report on Friday, March 7th. Cantor Fitzgerald raised shares of Zscaler from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $220.00 to $250.00 in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group set a $207.00 price target on Zscaler and gave the company a "neutral" rating in a research report on Thursday, March 6th. Eight 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.com, Zscaler presently has a consensus 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.