1,206 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by HighPoint Advisor Group LLC

by · The Cerbat Gem

HighPoint Advisor Group LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,206 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global X Japan Co. Ltd. lifted its position in shares of Zscaler by 127.4% in the 4th 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 bought a new position in Zscaler during the fourth quarter worth $27,000. Stonebridge Financial Group LLC bought a new position in Zscaler during the fourth quarter worth $29,000. Prestige Wealth Management Group LLC acquired a new position in Zscaler in the third quarter valued at $31,000. Finally, Versant Capital Management Inc boosted its position in Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays reissued an “overweight” rating on shares of Zscaler in a research report on Wednesday, March 5th. Citigroup reiterated a “buy” rating and issued a $240.00 target price (up from $235.00) on shares of Zscaler in a report on Wednesday, March 5th. Wedbush boosted 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. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $244.00 price objective on shares of Zscaler in a research report on Thursday, March 6th. Finally, Robert W. Baird boosted their target price on shares of Zscaler from $240.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $234.94.

Read Our Latest Report on ZS

Zscaler Trading Down 7.2 %

Shares of ZS opened at $192.21 on Friday. The stock has a 50 day moving average of $202.76 and a 200 day moving average of $194.41. The company has a market capitalization of $29.74 billion, a price-to-earnings ratio of -768.84 and a beta of 1.12. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $217.84.

Insider Activity

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 transaction of $38,227,431.20. Following the completion of the transaction, the insider now directly owns 2,580,210 shares of the company’s stock, valued at approximately $517,822,344.90. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew William Fraser Brown sold 10,000 shares of the business’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 completion of the sale, the director now owns 27,216 shares in the company, valued at approximately $5,606,496. The trade was a 26.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,234 shares of company stock valued at $42,030,790 in the last ninety days. 18.10% of the stock is currently owned by insiders.

Zscaler Company Profile

(Free Report)

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.

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