United Capital Management of KS Inc. Buys 1,325 Shares of Zscaler, Inc. (NASDAQ:ZS)

United Capital Management of KS Inc. raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 4.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,081 shares of the company’s stock after acquiring an additional 1,325 shares during the period. United Capital Management of KS Inc.’s holdings in Zscaler were worth $5,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global X Japan Co. Ltd. increased 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 valued at $25,000 after purchasing an additional 79 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Zscaler during the 4th quarter valued at about $29,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Zscaler during the 3rd quarter valued at about $31,000. True Wealth Design LLC increased its position in shares of Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Zscaler by 136.8% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $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 Up 4.3 %

Shares of ZS opened at $197.81 on Friday. The company has a market cap of $30.61 billion, a PE ratio of -791.24 and a beta of 0.88. The business has a fifty day moving average of $198.14 and a 200 day moving average of $191.64. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84.

Insider Buying and Selling

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the sale, the chief financial officer now owns 220,635 shares in the company, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the sale, the chief executive officer now owns 358,569 shares in the company, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 over the last three months. 18.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America raised shares of Zscaler from a “neutral” rating to a “buy” rating and upped their price target for the company from $215.00 to $240.00 in a research report on Friday, March 7th. JMP Securities reissued a “market outperform” rating and issued a $240.00 target price (down from $270.00) on shares of Zscaler in a report on Tuesday, December 3rd. Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a report on Monday, November 18th. Robert W. Baird increased their target price on shares of Zscaler from $240.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Finally, Susquehanna increased their target price on shares of Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.88.

Zscaler 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.