ZeroFox Holdings, Inc. (NASDAQ:ZFOX) Short Interest Down 17.9% in April

ZeroFox Holdings, Inc. (NASDAQ:ZFOX) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 153,200 shares, a decline of 17.9% from the March 31st total of 186,500 shares. Based on an average daily trading volume, of 571,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reissued a “neutral” rating on shares of ZeroFox in a research note on Monday, February 12th.

ZeroFox Stock Performance

ZeroFox stock opened at $1.14 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $142.32 million, a P/E ratio of -0.40 and a beta of 0.27. The stock’s 50 day moving average is $1.12 and its 200 day moving average is $0.88. ZeroFox has a twelve month low of $0.41 and a twelve month high of $1.25.

ZeroFox (NASDAQ:ZFOX) last issued its earnings results on Friday, March 15th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). ZeroFox had a negative net margin of 152.73% and a negative return on equity of 13.05%. The business had revenue of $60.51 million for the quarter, compared to analysts’ expectations of $56.95 million. On average, equities research analysts predict that ZeroFox will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at ZeroFox

In other ZeroFox news, CTO Michael Morgan Price sold 29,014 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $1.12, for a total value of $32,495.68. Following the sale, the chief technology officer now directly owns 638,526 shares in the company, valued at $715,149.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CTO Michael Morgan Price sold 29,014 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $1.12, for a total transaction of $32,495.68. Following the completion of the transaction, the chief technology officer now directly owns 638,526 shares in the company, valued at $715,149.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James Christopher Foster sold 80,542 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $1.12, for a total value of $90,207.04. Following the transaction, the chief executive officer now owns 10,370,476 shares of the company’s stock, valued at $11,614,933.12. The disclosure for this sale can be found here. Insiders have sold a total of 232,200 shares of company stock worth $260,064 over the last ninety days. 23.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ZeroFox

An institutional investor recently raised its position in ZeroFox stock. Luminus Management LLC increased its stake in ZeroFox Holdings, Inc. (NASDAQ:ZFOX) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,700,000 shares of the company’s stock after purchasing an additional 59,352 shares during the quarter. ZeroFox makes up approximately 0.5% of Luminus Management LLC’s investment portfolio, making the stock its 18th biggest position. Luminus Management LLC owned approximately 1.42% of ZeroFox worth $1,495,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 37.29% of the company’s stock.

ZeroFox Company Profile

ZeroFox Holdings, Inc engages in the provision of software-as-a-service-based external cybersecurity solutions that focuses on exposing, disrupting, and responding to threats outside the traditional corporate perimeter. The company offers ZeroFox Protection provides real-time asset and vulnerability awareness of external-facing internet accessible digital footprint and enables organizations to configure protective capabilities to continuously protect external assets; ZeroFox Intelligence provides threat intelligence solutions that enable customers to directly search across company's data lake of global threat indicators, tactics, adversary intelligence, exploits, and vulnerabilities; ZeroFox Disruption leverages company's platform to report, block, and take down an attack's core components across the internet; and ZeroFox Response enables organizations to provide the required 24×7 level of support necessary to quickly respond to cyber incidents including external attacks, data loss or exfiltration, ransomware, and potential breaches.