Kazazian Asset Management LLC Invests $255,000 in Zscaler, Inc. (NASDAQ:ZS)

Kazazian Asset Management LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,415 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors have also recently made changes to their positions in ZS. Erste Asset Management GmbH grew its position in Zscaler by 0.6% during the fourth quarter. Erste Asset Management GmbH now owns 9,780 shares of the company’s stock valued at $1,805,000 after buying an additional 56 shares during the period. KRS Capital Management LLC grew 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 valued at $588,000 after buying an additional 60 shares during the period. Ironwood Investment Management LLC grew its position in Zscaler by 1.0% during 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. Smartleaf Asset Management LLC grew its position in Zscaler by 16.7% during 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 period. Finally, GAMMA Investing LLC grew its position in Zscaler by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock valued at $81,000 after buying an additional 70 shares during the period. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of Zscaler stock opened at $201.59 on Wednesday. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $217.84. The stock has a market capitalization of $31.19 billion, a price-to-earnings ratio of -806.36 and a beta of 0.88. The company’s 50 day moving average price is $198.77 and its 200-day moving average price is $191.64.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Piper Sandler increased their price target on shares of Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Scotiabank reaffirmed a “sector outperform” rating and set a $242.00 price objective (up from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada upped their price objective on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Finally, UBS Group upped their price objective on shares of Zscaler from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Nine investment 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.com, Zscaler currently has an average rating of “Moderate Buy” and a consensus price target of $233.06.

About Zscaler

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.