2,390 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,390 shares of the company's stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZS. Corebridge Financial Inc. increased its holdings in Zscaler by 0.5% in the 4th quarter. Corebridge Financial Inc. now owns 11,695 shares of the company's stock valued at $2,110,000 after purchasing an additional 54 shares during the last quarter. Erste Asset Management GmbH increased its stake in Zscaler by 0.6% during the 4th quarter. Erste Asset Management GmbH now owns 9,780 shares of the company's stock worth $1,805,000 after buying an additional 56 shares during the period. KRS Capital Management LLC boosted its position in Zscaler by 1.9% in the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company's stock valued at $588,000 after buying an additional 60 shares during the period. Ironwood Investment Management LLC increased its stake in Zscaler by 1.0% in the fourth quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company's stock valued at $1,127,000 after purchasing an additional 64 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Zscaler by 16.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 482 shares of the company's stock valued at $88,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Insider Transactions at Zscaler

In other news, Director Andrew William Fraser Brown sold 10,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the completion of the sale, the director now directly owns 27,216 shares of the company's stock, valued at $5,606,496. The trade was a 26.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ajay Mangal sold 190,480 shares of Zscaler stock in a transaction on Monday, March 17th. The shares were sold at an average price of $200.69, for a total value of $38,227,431.20. Following the completion of the transaction, the insider now owns 2,580,210 shares in the company, valued at $517,822,344.90. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 209,234 shares of company stock valued at $42,030,790 over the last three months. 18.10% of the stock is currently owned by insiders.

Zscaler Stock Performance

ZS stock traded up $4.89 on Friday, reaching $215.03. The company had a trading volume of 720,051 shares, compared to its average volume of 1,978,103. The company's fifty day moving average is $199.33 and its 200 day moving average is $197.03. The company has a market cap of $33.27 billion, a P/E ratio of -857.10 and a beta of 1.12. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $217.84.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZS. UBS Group lifted their target price on Zscaler from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. BTIG Research set a $252.00 price objective on Zscaler and gave the company a "buy" rating in a report on Thursday, March 6th. Barclays reaffirmed an "overweight" rating on shares of Zscaler in a report on Wednesday, March 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $240.00 price objective on shares of Zscaler in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group dropped their target price on Zscaler from $245.00 to $240.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Nine investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $234.16.

About Zscaler

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.