Signaturefd LLC Reduces Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Signaturefd LLC lowered its stake in Zscaler, Inc. (NASDAQ:ZS) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 950 shares of the company’s stock after selling 78 shares during the quarter. Signaturefd LLC’s holdings in Zscaler were worth $171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. boosted its stake in shares of Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Zscaler during the 4th quarter worth $29,000. Prestige Wealth Management Group LLC purchased a new position in shares of Zscaler during the 3rd quarter worth $31,000. Versant Capital Management Inc boosted its stake in shares of Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after acquiring an additional 185 shares during 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, insider Robert Schlossman sold 2,878 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $573,153.70. Following the completion of the sale, the insider now directly owns 107,587 shares of the company’s stock, valued at $21,425,951.05. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Remo Canessa sold 3,721 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $741,037.15. Following the completion of the sale, the chief financial officer now directly owns 213,702 shares of the company’s stock, valued at approximately $42,558,753.30. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 199,234 shares of company stock valued at $39,970,790. Company insiders own 18.10% of the company’s stock.

Analysts Set New Price Targets

ZS has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Mizuho raised their price objective on shares of Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. BTIG Research set a $252.00 price objective on shares of Zscaler and gave the company a “buy” rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Citigroup restated a “buy” rating and set a $240.00 price objective (up from $235.00) on shares of Zscaler in a research report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average target price of $232.68.

Zscaler Trading Up 0.8 %

ZS stock opened at $205.20 on Friday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $217.84. The company has a 50-day moving average price of $199.74 and a 200 day moving average price of $191.83. The stock has a market cap of $31.75 billion, a PE ratio of -820.80 and a beta of 0.88.

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.