Quantbot Technologies LP Takes $336,000 Position in Zscaler, Inc. (NASDAQ:ZS)

Quantbot Technologies LP bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,863 shares of the company’s stock, valued at approximately $336,000.

Several other large investors have also recently bought and sold shares of the business. Global X Japan Co. Ltd. lifted its position in shares of Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after buying an additional 79 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Zscaler during the 4th quarter worth $29,000. Prestige Wealth Management Group LLC purchased a new stake in Zscaler in the third quarter valued at $31,000. True Wealth Design LLC boosted its stake in Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after acquiring an additional 185 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of ZS stock opened at $207.14 on Friday. The stock has a market cap of $32.05 billion, a PE ratio of -828.56 and a beta of 0.88. Zscaler, Inc. has a 1 year low of $153.45 and a 1 year high of $217.84. The stock has a fifty day moving average price of $202.08 and a 200 day moving average price of $193.41.

Analyst Ratings Changes

ZS has been the subject of several research reports. Barclays reissued an “overweight” rating on shares of Zscaler in a report on Wednesday, March 5th. Wells Fargo & Company increased their price objective on Zscaler from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Thursday, March 6th. Royal Bank of Canada lifted their target price on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. BMO Capital Markets increased their price target on shares of Zscaler from $222.00 to $233.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Finally, Wedbush raised their price objective on shares of Zscaler from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $232.68.

Insider Transactions at Zscaler

In other 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 transaction, the insider now directly owns 107,587 shares of the company’s stock, valued at $21,425,951.05. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Ajay Mangal sold 190,480 shares of the 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 sale, the insider now directly owns 2,580,210 shares in the company, valued at approximately $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 199,234 shares of company stock valued at $39,970,790 in the last 90 days. 18.10% of the stock is currently owned by 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.