Edmond DE Rothschild Holding S.A. Sells 416,037 Shares of Zscaler, Inc. (NASDAQ:ZS)

Edmond DE Rothschild Holding S.A. decreased its stake in Zscaler, Inc. (NASDAQ:ZS) by 99.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,367 shares of the company’s stock after selling 416,037 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Zscaler were worth $247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Corebridge Financial Inc. grew its position in shares of Zscaler by 0.5% in the 4th quarter. Corebridge Financial Inc. now owns 11,695 shares of the company’s stock valued at $2,110,000 after acquiring an additional 54 shares during the period. Erste Asset Management GmbH grew its holdings in Zscaler by 0.6% during the fourth 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 period. KRS Capital Management LLC increased its position in Zscaler by 1.9% during the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after buying an additional 60 shares during the last quarter. Ironwood Investment Management LLC raised its stake in Zscaler by 1.0% in 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 period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Zscaler by 16.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the company’s stock valued at $88,000 after buying an additional 69 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZS. Rosenblatt Securities upgraded Zscaler from a “neutral” rating to a “buy” rating and increased their price target for the company from $190.00 to $235.00 in a research note on Thursday, March 6th. UBS Group increased their price objective on shares of Zscaler from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Barclays reaffirmed an “overweight” rating on shares of Zscaler in a report on Wednesday, March 5th. Bank of America raised shares of Zscaler from a “neutral” rating to a “buy” rating and increased their price target for the company from $215.00 to $240.00 in a report on Friday, March 7th. Finally, Jefferies Financial Group reduced their price objective on Zscaler from $245.00 to $240.00 and set a “buy” rating for the company in a report on Monday. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $232.35.

Zscaler Trading Up 3.0 %

Zscaler stock opened at $207.04 on Thursday. The stock has a 50-day moving average price of $202.77 and a two-hundred day moving average price of $194.42. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $217.84. The company has a market capitalization of $32.03 billion, a PE ratio of -828.16 and a beta of 1.12.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 2,878 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 107,587 shares in the company, valued at $21,425,951.05. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was 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. The trade was a 0.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 199,234 shares of company stock worth $39,970,790 in the last quarter. 18.10% of the stock is owned by insiders.

Zscaler Company 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.