Ironwood Investment Management LLC Grows Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

Ironwood Investment Management LLC lifted its position in Zscaler, Inc. (NASDAQ:ZS) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,249 shares of the company’s stock after buying an additional 64 shares during the period. Ironwood Investment Management LLC’s holdings in Zscaler were worth $1,127,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. grew its holdings in Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Zscaler during the 4th quarter valued at about $29,000. Prestige Wealth Management Group LLC purchased a new stake in Zscaler in the third quarter valued at about $31,000. True Wealth Design LLC boosted its holdings in Zscaler by 18,500.0% in the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock worth $32,000 after acquiring an additional 185 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the transaction, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the transaction, the insider now owns 142,866 shares in the company, valued at $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock valued at $2,052,879 over the last ninety days. Insiders own 18.10% of the company’s stock.

Zscaler Trading Up 4.3 %

ZS stock opened at $197.81 on Friday. The business’s 50-day moving average is $198.14 and its 200 day moving average is $191.64. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $217.84. The stock has a market cap of $30.61 billion, a price-to-earnings ratio of -791.24 and a beta of 0.88.

Analysts Set New Price Targets

A number of analysts recently commented on ZS shares. BTIG Research set a $252.00 target price on shares of Zscaler and gave the stock a “buy” rating in a research note on Thursday, March 6th. Wells Fargo & Company lifted their price objective on shares of Zscaler from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft upped their target price on Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Susquehanna lifted their price target on Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research report on Tuesday, December 3rd. Finally, Oppenheimer increased their price objective on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.88.

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.