340 Shares in Zscaler, Inc. (NASDAQ:ZS) Purchased by Sava Infond d.o.o.

Sava Infond d.o.o. bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 340 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors also recently made changes to their positions in the stock. Corebridge Financial Inc. grew its position in shares of Zscaler by 0.5% during the fourth quarter. Corebridge Financial Inc. now owns 11,695 shares of the company’s stock worth $2,110,000 after acquiring an additional 54 shares during the last quarter. Erste Asset Management GmbH grew its position in Zscaler by 0.6% in the 4th quarter. Erste Asset Management GmbH now owns 9,780 shares of the company’s stock worth $1,805,000 after purchasing an additional 56 shares during the last quarter. KRS Capital Management LLC increased its stake in shares of Zscaler by 1.9% in the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after purchasing an additional 60 shares during the period. Ironwood Investment Management LLC raised its holdings in shares of Zscaler by 1.0% during the fourth quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company’s stock valued at $1,127,000 after buying an additional 64 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Zscaler by 16.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the company’s stock worth $88,000 after buying an additional 69 shares during the period. 46.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on ZS shares. JPMorgan Chase & Co. lifted their target price on Zscaler from $240.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Wedbush lifted their price objective on shares of Zscaler from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Needham & Company LLC reiterated a “buy” rating and issued a $240.00 target price on shares of Zscaler in a research report on Wednesday, March 5th. Piper Sandler boosted their price target on shares of Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Oppenheimer increased their price objective on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $232.68.

Insider Buying and Selling at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $429,168.25. Following the transaction, the chief executive officer now owns 356,414 shares of the company’s stock, valued at approximately $70,979,848.10. This trade represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ajay Mangal sold 190,480 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 2,580,210 shares of the company’s stock, valued at $517,822,344.90. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 199,234 shares of company stock worth $39,970,790. 18.10% of the stock is currently owned by company insiders.

Zscaler Price Performance

Shares of ZS opened at $209.45 on Friday. The company has a market capitalization of $32.41 billion, a price-to-earnings ratio of -837.80 and a beta of 0.88. The business’s 50-day moving average is $201.69 and its 200-day moving average is $193.07. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $217.84.

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.