Bricktown Capital LLC acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) in the first quarter, HoldingsChannel reports. The firm acquired 4,400 shares of the company’s stock, valued at approximately $617,000. Zscaler accounts for approximately 0.1% of Bricktown Capital LLC’s holdings, making the stock its 29th biggest holding.
Several other large investors have also recently made changes to their positions in ZS. Diversified Trust Co grew its holdings in Zscaler by 58.1% during the 1st quarter. Diversified Trust Co now owns 7,237 shares of the company’s stock valued at $1,015,000 after buying an additional 2,659 shares in the last quarter. Weatherly Asset Management L. P. increased its stake in Zscaler by 14.4% in the 1st quarter. Weatherly Asset Management L. P. now owns 25,090 shares of the company’s stock worth $3,520,000 after acquiring an additional 3,160 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Zscaler by 5.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,344 shares of the company’s stock worth $3,001,000 after acquiring an additional 708 shares in the last quarter. Spear Advisors LLC purchased a new stake in shares of Zscaler during the 4th quarter worth approximately $3,460,000. Finally, EMC Capital Management boosted its position in shares of Zscaler by 779.1% during the 4th quarter. EMC Capital Management now owns 3,780 shares of the company’s stock valued at $819,000 after acquiring an additional 3,350 shares during the last quarter. 46.45% of the stock is owned by institutional investors.
Zscaler Price Performance
Shares of Zscaler stock opened at $124.85 on Friday. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of -260.10, a price-to-earnings-growth ratio of 78.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a 50 day moving average price of $141.25 and a 200-day moving average price of $172.99. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99.
Insider Activity
In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the transaction, the chief executive officer owned 343,038 shares in the company, valued at $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $397,748.78. Following the completion of the sale, the insider directly owned 69,366 shares in the company, valued at approximately $8,769,943.38. This represents a 4.34% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 9,827 shares of company stock worth $1,242,263. 17.20% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. HC Wainwright raised shares of Zscaler from a “buy” rating to a “buy” rating in a report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zscaler in a research note on Tuesday, June 9th. Needham & Company LLC reiterated a “buy” rating and set a $180.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Canaccord Genuity Group reissued a “buy” rating and issued a $210.00 price objective on shares of Zscaler in a research note on Thursday, June 11th. Finally, Evercore set a $155.00 target price on shares of Zscaler and gave the stock an “in-line” rating in a report on Wednesday, May 27th. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $214.33.
Check Out Our Latest Report on ZS
Zscaler Company Profile
Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.
Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.
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