Larson Financial Group LLC Has $177,000 Stock Position in Zscaler, Inc. (NASDAQ:ZS)

Larson Financial Group LLC lifted its position in Zscaler, Inc. (NASDAQ:ZS) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 980 shares of the company’s stock after buying an additional 149 shares during the quarter. Larson Financial Group LLC’s holdings in Zscaler were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in Zscaler by 7.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,638 shares of the company’s stock valued at $923,000 after purchasing an additional 326 shares during the last quarter. Value Star Asset Management Hong Kong Ltd raised its stake in shares of Zscaler by 20.0% in the 4th quarter. Value Star Asset Management Hong Kong Ltd now owns 6,000 shares of the company’s stock valued at $1,082,000 after buying an additional 1,000 shares in the last quarter. E Fund Management Co. Ltd. raised its stake in shares of Zscaler by 28.9% in the 4th quarter. E Fund Management Co. Ltd. now owns 1,818 shares of the company’s stock valued at $328,000 after buying an additional 408 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in shares of Zscaler by 13.2% in the 4th quarter. Freestone Capital Holdings LLC now owns 2,150 shares of the company’s stock valued at $388,000 after buying an additional 250 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in shares of Zscaler in the 4th quarter valued at $643,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZS has been the subject of a number of recent research reports. Oppenheimer increased their price objective on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Bank of America upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and increased their price objective for the company from $215.00 to $240.00 in a research note on Friday, March 7th. Wedbush increased their price objective on shares of Zscaler from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Citigroup reaffirmed a “buy” rating and issued a $240.00 target price (up previously from $235.00) on shares of Zscaler in a report on Wednesday, March 5th. Finally, Morgan Stanley lowered their target price on shares of Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.88.

Insider Activity at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 10,248 shares of company stock worth $2,052,879 in the last ninety days. Company insiders own 18.10% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $199.36 on Wednesday. The company has a market capitalization of $30.59 billion, a price-to-earnings ratio of -797.44 and a beta of 0.88. The firm’s 50 day simple moving average is $197.39 and its 200 day simple moving average is $191.62. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $217.84.

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.