1,341 Shares in Zscaler, Inc. (NASDAQ:ZS) Bought by JT Stratford LLC

JT Stratford LLC purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,341 shares of the company's stock, valued at approximately $242,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ZS. Global X Japan Co. Ltd. raised its position in Zscaler by 127.4% during the fourth 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 period. Summit Securities Group LLC purchased a new stake in Zscaler during the fourth quarter valued at approximately $27,000. Colonial Trust Co SC purchased a new stake in Zscaler during the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC purchased a new stake in Zscaler during the fourth quarter valued at approximately $29,000. Finally, Elequin Capital LP purchased a new stake in Zscaler during the fourth quarter valued at approximately $30,000. 46.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZS has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated an "outperform" rating and issued a $244.00 price target on shares of Zscaler in a report on Thursday, March 6th. Morgan Stanley reduced their price target on Zscaler from $205.00 to $200.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Wedbush increased their price target on Zscaler from $230.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, March 6th. BTIG Research set a $252.00 price target on Zscaler and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Jefferies Financial Group reduced their price target on Zscaler from $245.00 to $240.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $240.09.

Zscaler Stock Down 0.2%

Shares of Zscaler stock traded down $0.46 during trading on Thursday, reaching $253.19. The company's stock had a trading volume of 1,208,469 shares, compared to its average volume of 2,046,739. The company has a market cap of $39.18 billion, a price-to-earnings ratio of -1,012.29 and a beta of 1.14. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $259.40. The company has a 50-day simple moving average of $218.63 and a two-hundred day simple moving average of $205.55.

Insider Transactions at Zscaler

In other news, major shareholder Ajay Mangal sold 190,480 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $517,822,344.90. This trade represents a 6.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Syam Nair sold 28,947 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $250.00, for a total value of $7,236,750.00. Following the completion of the sale, the insider now directly owns 110,566 shares of the company's stock, valued at $27,641,500. The trade was a 20.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 241,771 shares of company stock valued at $50,165,040 in the last quarter. 18.10% of the stock is currently owned by corporate insiders.

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.