AXQ Capital LP purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,844 shares of the company’s stock, valued at approximately $1,090,000.
Other large investors have also recently made changes to their positions in the company. Binnacle Investments Inc bought a new position in Zscaler during the third quarter valued at approximately $25,000. Picton Mahoney Asset Management bought a new stake in Zscaler in the 3rd quarter worth approximately $30,000. Family CFO Inc purchased a new stake in Zscaler during the 4th quarter valued at $34,000. Missouri Trust & Investment Co lifted its holdings in shares of Zscaler by 1,460.0% during the 3rd quarter. Missouri Trust & Investment Co now owns 156 shares of the company’s stock valued at $47,000 after buying an additional 146 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Zscaler by 26,100.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 262 shares of the company’s stock worth $59,000 after buying an additional 261 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.
Zscaler Price Performance
NASDAQ ZS opened at $144.15 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The stock has a market cap of $23.31 billion, a price-to-earnings ratio of -300.31 and a beta of 0.97. The company’s 50 day moving average is $144.37 and its two-hundred day moving average is $187.40.
Analyst Ratings Changes
A number of analysts recently commented on the company. HC Wainwright upgraded Zscaler from a “buy” rating to a “buy” rating in a research report on Monday, May 18th. Evercore set a $155.00 price target on shares of Zscaler and gave the company an “in-line” rating in a research report on Wednesday, May 27th. Zacks Research upgraded shares of Zscaler from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Truist Financial set a $210.00 price objective on shares of Zscaler in a report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Zscaler from $185.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Thirty-three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.03.
View Our Latest Report on Zscaler
Insiders Place Their Bets
In other Zscaler news, EVP Raj Judge sold 2,488 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $389,595.92. Following the sale, the executive vice president owned 67,906 shares in the company, valued at $10,633,400.54. The trade was a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Rubin sold 1,682 shares of Zscaler stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $263,384.38. Following the completion of the sale, the chief financial officer directly owned 46,479 shares in the company, valued at $7,278,146.61. This trade represents a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,130 shares of company stock worth $1,892,487 over the last ninety days. 17.20% of the stock is owned by company insiders.
Trending Headlines about Zscaler
Here are the key news stories impacting Zscaler this week:
- Positive Sentiment: Guggenheim upgraded Zscaler to Buy and set a $214 target, suggesting meaningful upside after the recent pullback. Why Is Zscaler (ZS) Stock Soaring Today
- Positive Sentiment: Zscaler broke above its 50-day moving average, a technical signal that may indicate short-term bullish momentum. Zscaler (ZS) Recently Broke Out Above the 50-Day Moving Average
- Positive Sentiment: Analyst price-target data still implies roughly 25% upside, and earnings estimate revisions have been trending favorably. Wall Street Analysts Think Zscaler (ZS) Could Surge 25.28%
- Neutral Sentiment: Management discussed earnings, AI adoption, and the Symmetry Systems acquisition on a CFO interview, but this appears informational rather than a fresh market-moving announcement. Zscaler (ZS) CFO on Earnings, AI Opportunity in Cybersecurity & Symmetry Systems Acquisition
- Negative Sentiment: Two shareholder-law-firm investigations into possible securities-law claims may add legal overhang and keep some investors cautious. SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Zscaler
- Negative Sentiment: Another securities-law investigation from Johnson Fistel could create additional headline risk. Zscaler, Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel
Zscaler Profile
Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.
Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.
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