Zscaler, Inc. (NASDAQ:ZS) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 88.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,123 shares of the company's stock after selling 23,477 shares during the period. Jump Financial LLC's holdings in Zscaler were worth $563,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ZS. Geode Capital Management LLC boosted its holdings in shares of Zscaler by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company's stock valued at $298,710,000 after acquiring an additional 32,545 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Zscaler by 25.8% in 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 buying an additional 332,307 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Zscaler by 30.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company's stock valued at $156,739,000 after purchasing an additional 204,996 shares during the period. DnB Asset Management AS boosted its holdings in Zscaler by 66.8% during the fourth quarter. DnB Asset Management AS now owns 667,383 shares of the company's stock worth $120,403,000 after buying an additional 267,162 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Zscaler by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 539,113 shares of the company's stock worth $97,261,000 after buying an additional 16,742 shares during the period. Institutional investors and hedge funds own 46.45% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ZS. Rosenblatt Securities restated a "buy" rating and issued a $235.00 price target on shares of Zscaler in a report on Tuesday, April 15th. The Goldman Sachs Group set a $207.00 price objective on shares of Zscaler and gave the company a "neutral" rating in a research note on Thursday, March 6th. UBS Group upped their price target on shares of Zscaler from $250.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Stephens assumed coverage on Zscaler in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $255.00 target price on the stock. Finally, Royal Bank of Canada upped their price objective on Zscaler from $230.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Nine 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $234.16.

Zscaler Stock Performance

Shares of ZS stock traded up $5.44 during mid-day trading on Friday, reaching $215.58. 2,884,983 shares of the company were exchanged, compared to its average volume of 1,992,800. The company has a market capitalization of $33.36 billion, a P/E ratio of -862.32 and a beta of 1.12. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $217.84. The business's 50 day simple moving average is $199.30 and its 200 day simple moving average is $197.37.

Insider Transactions at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,878 shares of the firm's 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 $573,153.70. Following the sale, the insider now owns 107,587 shares in the company, valued at approximately $21,425,951.05. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ajay Mangal sold 190,480 shares of Zscaler stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the sale, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,234 shares of company stock valued at $42,030,790. Insiders own 18.10% of the company's stock.

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.