Belpointe Asset Management LLC Takes $1.32 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Belpointe Asset Management LLC acquired a new stake in Zscaler, Inc. (NASDAQ:ZSFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,967 shares of the company’s stock, valued at approximately $1,322,000.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in Zscaler during the 4th quarter worth $29,000. Parkside Financial Bank & Trust grew its stake in Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC acquired a new position in Zscaler during the 4th quarter worth $37,000. Quadrant Capital Group LLC grew its stake in Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 109 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group lowered their target price on Zscaler from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Susquehanna lowered their price objective on Zscaler from $275.00 to $210.00 and set a “positive” rating for the company in a research report on Friday. Wedbush upped their price objective on Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. BTIG Research lowered their price objective on Zscaler from $258.00 to $220.00 and set a “buy” rating for the company in a research report on Friday. Finally, Macquarie reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Zscaler in a research report on Tuesday, March 19th. Seven analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $224.74.

Read Our Latest Report on Zscaler

Zscaler Stock Performance

ZS traded up $0.12 on Tuesday, hitting $169.14. 2,310,585 shares of the company traded hands, compared to its average volume of 2,233,076. The company has a 50 day moving average of $177.14 and a 200-day moving average of $204.59. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $25.35 billion, a PE ratio of -331.65 and a beta of 0.85. Zscaler, Inc. has a 12-month low of $131.59 and a 12-month high of $259.61.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 7,707 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the transaction, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Remo Canessa sold 7,707 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the transaction, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Syam Nair sold 2,893 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the transaction, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The disclosure for this sale can be found here. In the last three months, insiders sold 12,715 shares of company stock valued at $2,455,902. Corporate insiders own 19.20% of the company’s stock.

Zscaler Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zscaler, Inc. (NASDAQ:ZSFree Report).

Institutional Ownership by Quarter for Zscaler (NASDAQ:ZS)

Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.