J. Safra Sarasin Holding AG Sells 15,005 Shares of Zscaler, Inc. (NASDAQ:ZS)

J. Safra Sarasin Holding AG lowered its stake in Zscaler, Inc. (NASDAQ:ZS) by 34.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,983 shares of the company’s stock after selling 15,005 shares during the period. J. Safra Sarasin Holding AG’s holdings in Zscaler were worth $5,229,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Global X Japan Co. Ltd. raised its position in Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Zscaler in the fourth quarter worth $27,000. Stonebridge Financial Group LLC bought a new stake in Zscaler in the fourth quarter valued at $29,000. Versant Capital Management Inc raised its holdings in Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares in the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Zscaler in the 4th quarter worth about $36,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $200.69, for a total value of $38,227,431.20. Following the completion of the sale, the insider now owns 2,580,210 shares in the company, valued at $517,822,344.90. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert Schlossman sold 2,878 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 $573,153.70. Following the transaction, the insider now directly owns 107,587 shares in the company, valued at approximately $21,425,951.05. The trade was a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,234 shares of company stock valued at $42,030,790. Insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Robert W. Baird raised their price objective on shares of Zscaler from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Wedbush lifted their price target on Zscaler from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Cantor Fitzgerald raised Zscaler from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $220.00 to $250.00 in a research note on Thursday, April 3rd. Royal Bank of Canada raised their price objective on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Zscaler from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.77.

Zscaler Price Performance

ZS stock opened at $193.70 on Tuesday. The company has a market cap of $29.97 billion, a P/E ratio of -774.80 and a beta of 1.12. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $217.84. The stock’s fifty day moving average price is $199.99 and its 200-day moving average price is $196.74.

Zscaler 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.