2,656 Shares in Zscaler, Inc. (NASDAQ:ZS) Purchased by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC acquired a new position in Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,656 shares of the company’s stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LBP AM SA lifted its holdings in Zscaler by 14.7% in the 4th quarter. LBP AM SA now owns 366,978 shares of the company’s stock valued at $66,207,000 after acquiring an additional 47,041 shares during the last quarter. Erste Asset Management GmbH lifted its holdings in Zscaler by 0.6% in the 4th quarter. Erste Asset Management GmbH now owns 9,780 shares of the company’s stock valued at $1,805,000 after acquiring an additional 56 shares during the last quarter. Tredje AP fonden lifted its holdings in Zscaler by 379.2% in the 4th quarter. Tredje AP fonden now owns 69,670 shares of the company’s stock valued at $12,569,000 after acquiring an additional 55,130 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Zscaler by 7.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 48,775 shares of the company’s stock valued at $8,799,000 after acquiring an additional 3,191 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Zscaler by 12.1% during the fourth quarter. HighTower Advisors LLC now owns 72,391 shares of the company’s stock valued at $13,060,000 after buying an additional 7,817 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zscaler news, insider Syam Nair sold 3,682 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the transaction, the insider now directly owns 142,866 shares in the company, valued at $28,618,917.12. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Remo Canessa sold 3,703 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the transaction, the chief financial officer now owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock valued at $2,052,879 over the last ninety days. 18.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley reduced their price objective on shares of Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 3rd. Susquehanna upped their target price on Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a report on Tuesday, December 3rd. Jefferies Financial Group upped their target price on Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Oppenheimer upped their target price on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Bank of America upgraded Zscaler from a “neutral” rating to a “buy” rating and upped their target price for the company from $215.00 to $240.00 in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.88.

Zscaler Price Performance

Shares of ZS stock opened at $189.58 on Friday. The stock has a market cap of $29.33 billion, a P/E ratio of -758.32 and a beta of 0.88. Zscaler, Inc. has a one year low of $153.45 and a one year high of $217.84. The stock has a fifty day moving average price of $197.74 and a 200 day moving average price of $191.66.

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.