Zscaler, Inc. (NASDAQ:ZS) Shares Purchased by Sciencast Management LP

Sciencast Management LP lifted its position in Zscaler, Inc. (NASDAQ:ZS) by 61.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,555 shares of the company’s stock after purchasing an additional 2,120 shares during the quarter. Sciencast Management LP’s holdings in Zscaler were worth $1,002,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BluePointe Capital Management LLC acquired a new stake in shares of Zscaler during the fourth quarter worth $1,233,000. Blueshift Asset Management LLC acquired a new stake in shares of Zscaler during the fourth quarter worth $599,000. iA Global Asset Management Inc. lifted its holdings in shares of Zscaler by 7.3% during the fourth quarter. iA Global Asset Management Inc. now owns 16,537 shares of the company’s stock worth $2,983,000 after purchasing an additional 1,129 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Zscaler during the fourth quarter worth $293,000. Finally, First National Bank of Hutchinson lifted its holdings in shares of Zscaler by 3.0% during the fourth quarter. First National Bank of Hutchinson now owns 3,132 shares of the company’s stock worth $565,000 after purchasing an additional 90 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ZS. Jefferies Financial Group increased their price target on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Piper Sandler increased their price target on Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. UBS Group raised their target price on Zscaler from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Guggenheim reissued a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Finally, Loop Capital reduced their target price on Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $232.68.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,878 shares of Zscaler stock in a transaction dated Tuesday, March 18th. The stock was 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 owns 107,587 shares in the company, 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 through this link. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of Zscaler stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $429,168.25. Following the completion of the transaction, the chief executive officer now directly owns 356,414 shares in the company, valued at $70,979,848.10. This represents a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 199,234 shares of company stock worth $39,970,790 in the last 90 days. 18.10% of the stock is owned by company insiders.

Zscaler Price Performance

ZS opened at $205.20 on Friday. The stock has a market capitalization of $31.75 billion, a price-to-earnings ratio of -820.80 and a beta of 0.88. The business has a 50-day moving average of $199.74 and a two-hundred day moving average of $191.83. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month 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.