MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 50,867 Shares of Zscaler, Inc. (NASDAQ:ZS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 531,395 shares of the company's stock after buying an additional 50,867 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.35% of Zscaler worth $96,008,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global X Japan Co. Ltd. raised its stake in shares of Zscaler by 127.4% in 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 in the last quarter. Summit Securities Group LLC bought a new position in Zscaler during the 4th quarter worth approximately $27,000. Colonial Trust Co SC acquired a new position in shares of Zscaler in the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC bought a new stake in shares of Zscaler in the 4th quarter valued at approximately $29,000. Finally, Crews Bank & Trust acquired a new stake in shares of Zscaler during the 4th quarter valued at approximately $36,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Price Performance

Shares of NASDAQ ZS traded up $1.47 during trading hours on Thursday, hitting $245.92. 3,097,651 shares of the stock were exchanged, compared to its average volume of 2,037,142. The firm has a market capitalization of $38.05 billion, a P/E ratio of -983.68 and a beta of 1.14. Zscaler, Inc. has a one year low of $153.45 and a one year high of $247.28. The company's 50 day moving average is $209.13 and its 200 day moving average is $201.55.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Rosenblatt Securities reiterated a "buy" rating and set a $235.00 price target on shares of Zscaler in a research report on Tuesday, April 15th. Robert W. Baird upped their price target on shares of Zscaler from $240.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, March 6th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $244.00 price objective on shares of Zscaler in a report on Thursday, March 6th. 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 research note on Thursday, March 6th. Finally, Roth Capital began coverage on shares of Zscaler in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price target on the stock. Eight analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $237.44.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the company's 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 sale, the chief executive officer now owns 356,414 shares of the company's stock, valued at $70,979,848.10. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the transaction, the insider now owns 2,580,210 shares of the company's stock, valued at approximately $517,822,344.90. This represents a 6.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,234 shares of company stock valued at $42,030,790. Insiders own 18.10% of the company's stock.

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.