Capital Impact Advisors LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 4,507 shares of the company’s stock, valued at approximately $866,000. Zscaler accounts for 2.4% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 8th largest holding.
A number of other hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in shares of Zscaler during the fourth quarter valued at about $29,000. Quest Partners LLC bought a new stake in shares of Zscaler during the second quarter valued at about $28,000. Asset Dedication LLC increased its position in shares of Zscaler by 436.8% during the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after buying an additional 166 shares during the period. American Capital Advisory LLC purchased a new position in shares of Zscaler during the second quarter worth about $50,000. Finally, GAMMA Investing LLC grew its holdings in shares of Zscaler by 103.2% during the first quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock worth $61,000 after purchasing an additional 160 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.
Zscaler Trading Up 0.5 %
ZS opened at $171.77 on Monday. The stock has a fifty day simple moving average of $178.92 and a two-hundred day simple moving average of $181.84. The company has a market cap of $26.19 billion, a price-to-earnings ratio of -336.80 and a beta of 0.82. Zscaler, Inc. has a 12-month low of $146.71 and a 12-month high of $259.61.
Insiders Place Their Bets
In other news, insider Michael J. Rich sold 4,813 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the transaction, the insider now directly owns 103,259 shares in the company, valued at $17,686,201.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Michael J. Rich sold 4,813 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $824,370.64. Following the completion of the transaction, the insider now directly owns 103,259 shares in the company, valued at $17,686,201.52. 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 8,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $174.10, for a total value of $1,392,800.00. Following the transaction, the director now owns 25,907 shares of the company’s stock, valued at $4,510,408.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,120 shares of company stock worth $4,153,834. 19.20% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on ZS shares. Mizuho lowered Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 price objective for the company. in a report on Tuesday, July 16th. Raymond James started coverage on Zscaler in a report on Tuesday, July 23rd. They set a “market perform” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $230.00 price objective on shares of Zscaler in a report on Wednesday, September 4th. Robert W. Baird cut their price objective on Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. Finally, Barclays cut their target price on Zscaler from $230.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, September 4th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.39.
Check Out Our Latest Stock Report on Zscaler
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.
Featured Stories
- Five stocks we like better than Zscaler
- How to Effectively Use the MarketBeat Ratings Screener
- Simon Property REIT: A Safe Bet for Growth and Steady Dividends
- What is the S&P/TSX Index?
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Consumer Discretionary Stocks Explained
- MarketBeat Week in Review – 9/23 – 9/27
Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zscaler, Inc. (NASDAQ:ZS – Free Report).
Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.