1,415 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by Kazazian Asset Management LLC

Kazazian Asset Management LLC purchased a new position in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,415 shares of the company’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd lifted its stake in Zscaler by 29.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 9,029 shares of the company’s stock worth $1,580,000 after acquiring an additional 2,067 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Zscaler in the fourth quarter worth $404,000. Brooklyn FI LLC purchased a new stake in Zscaler in the fourth quarter worth $1,957,000. Xponance Inc. lifted its stake in Zscaler by 8.2% in the fourth quarter. Xponance Inc. now owns 17,127 shares of the company’s stock worth $3,090,000 after acquiring an additional 1,295 shares during the period. Finally, Evoke Wealth LLC purchased a new position in Zscaler during the fourth quarter valued at $221,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

ZS has been the subject of several recent research reports. Jefferies Financial Group raised their price objective on Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley initiated coverage on Zscaler in a research report on Tuesday. They set an “equal weight” rating for the company. BMO Capital Markets raised their price objective on Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Canaccord Genuity Group raised their price objective on Zscaler from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group set a $207.00 price objective on Zscaler and gave the company a “neutral” rating in a research report on Thursday, March 6th. Nine investment 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.06.

Zscaler Stock Performance

NASDAQ ZS opened at $201.59 on Wednesday. The stock has a 50-day moving average of $198.77 and a 200 day moving average of $191.64. The company has a market capitalization of $31.19 billion, a price-to-earnings ratio of -806.36 and a beta of 0.88. Zscaler, Inc. has a one year low of $153.45 and a one year high of $217.84.

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.