Harbour Investments Inc. Sells 171 Shares of Zscaler, Inc. (NASDAQ:ZS)

Harbour Investments Inc. trimmed its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,195 shares of the company’s stock after selling 171 shares during the quarter. Harbour Investments Inc.’s holdings in Zscaler were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Global X Japan Co. Ltd. raised its position in shares of Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Zscaler in the fourth quarter worth approximately $29,000. Prestige Wealth Management Group LLC bought a new stake in Zscaler in the third quarter worth approximately $31,000. Versant Capital Management Inc increased its holdings in Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after purchasing an additional 104 shares in the last quarter. Finally, True Wealth Design LLC increased 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 purchasing an additional 185 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Trading Up 0.8 %

Shares of Zscaler stock opened at $205.20 on Friday. The business’s fifty day simple moving average is $199.74 and its 200 day simple moving average is $191.84. The firm has a market capitalization of $31.75 billion, a P/E ratio of -820.80 and a beta of 0.88. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $217.84.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value 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. The trade was a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Ajay Mangal sold 190,480 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $200.69, for a total value of $38,227,431.20. Following the completion of the sale, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 199,234 shares of company stock worth $39,970,790. 18.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Zscaler from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. BTIG Research set a $252.00 target price on Zscaler and gave the stock a “buy” rating in a report on Thursday, March 6th. Bank of America upgraded Zscaler from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $215.00 to $240.00 in a report on Friday, March 7th. Morgan Stanley started coverage on Zscaler in a report on Tuesday. They issued an “equal weight” rating for the company. Finally, Robert W. Baird raised their price objective on Zscaler from $240.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $232.68.

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.