Mariner LLC decreased its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,045 shares of the company's stock after selling 4,991 shares during the quarter. Mariner LLC's holdings in Zscaler were worth $2,173,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its position in Zscaler by 7.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,881 shares of the company's stock worth $881,000 after buying an additional 333 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its holdings in shares of Zscaler by 2.7% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 26,160 shares of the company's stock valued at $4,720,000 after acquiring an additional 693 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Zscaler in the fourth quarter valued at $3,346,000. Oak Associates Ltd. OH increased its position in shares of Zscaler by 75.5% during the fourth quarter. Oak Associates Ltd. OH now owns 16,788 shares of the company's stock worth $3,029,000 after buying an additional 7,220 shares during the period. Finally, Covestor Ltd increased its stake in shares of Zscaler by 15.2% in the 4th quarter. Covestor Ltd now owns 622 shares of the company's stock valued at $112,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 46.45% of the company's stock.
Zscaler Stock Performance
Shares of NASDAQ:ZS traded up $2.09 on Tuesday, hitting $221.95. 556,536 shares of the company were exchanged, compared to its average volume of 1,990,940. The firm has a market capitalization of $34.34 billion, a price-to-earnings ratio of -885.90 and a beta of 1.12. Zscaler, Inc. has a one year low of $153.45 and a one year high of $222.99. The company's 50 day moving average price is $199.41 and its two-hundred day moving average price is $197.54.
Insider Buying and Selling
In related news, insider Robert Schlossman sold 2,878 shares of the business's stock in a transaction on 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 directly 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 document filed with the SEC, which is available through the SEC website. Also, 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 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 209,234 shares of company stock worth $42,030,790 in the last quarter. 18.10% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research analysts recently weighed in on ZS shares. Needham & Company LLC restated a "buy" rating and set a $240.00 price target on shares of Zscaler in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of Zscaler from $240.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. UBS Group increased their target price on shares of Zscaler from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Barclays restated an "overweight" rating on shares of Zscaler in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their price target on shares of Zscaler from $245.00 to $240.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Eight equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $236.66.
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About Zscaler
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Free Report)
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.
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