First Washington CORP Buys 3,360 Shares of Zscaler, Inc. (NASDAQ:ZS)

First Washington CORP grew its stake in Zscaler, Inc. (NASDAQ:ZS) by 22.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,566 shares of the company’s stock after purchasing an additional 3,360 shares during the period. First Washington CORP’s holdings in Zscaler were worth $3,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZS. Zweig DiMenna Associates LLC raised its holdings in Zscaler by 29.8% during the 4th quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock valued at $14,061,000 after buying an additional 17,900 shares during the period. Baader Bank Aktiengesellschaft increased its position in Zscaler by 30.3% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock valued at $1,515,000 after acquiring an additional 1,952 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Zscaler in the fourth quarter valued at $565,000. SYM FINANCIAL Corp purchased a new position in shares of Zscaler during the 4th quarter worth about $303,000. Finally, Merit Financial Group LLC bought a new position in Zscaler during the 4th quarter valued at about $787,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, insider Robert Schlossman sold 2,878 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $573,153.70. Following the completion of the transaction, the insider now owns 107,587 shares of the company’s stock, valued at approximately $21,425,951.05. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,155 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $429,168.25. Following the sale, the chief executive officer now directly owns 356,414 shares in the company, valued at $70,979,848.10. This trade represents a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 209,234 shares of company stock worth $42,030,790 in the last ninety days. 18.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZS. BMO Capital Markets boosted their target price on Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. BTIG Research set a $252.00 price objective on Zscaler and gave the company a “buy” rating in a report on Thursday, March 6th. Wedbush increased their target price on Zscaler from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Jefferies Financial Group lowered their target price on shares of Zscaler from $245.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, The Goldman Sachs Group set a $207.00 price target on shares of Zscaler and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average target price of $234.77.

Zscaler Trading Down 0.9 %

Shares of ZS stock opened at $201.09 on Friday. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $217.84. The business’s fifty day simple moving average is $200.34 and its 200-day simple moving average is $196.23. The company has a market cap of $31.11 billion, a PE ratio of -804.36 and a beta of 1.12.

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.