Tower Research Capital LLC TRC Has $1.14 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Tower Research Capital LLC TRC grew its position in Zscaler, Inc. (NASDAQ:ZS) by 107.4% during the 4th quarter, Holdings Channel reports. The firm owned 6,304 shares of the company’s stock after purchasing an additional 3,264 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Zscaler were worth $1,137,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Global X Japan Co. Ltd. raised its position in Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Zscaler in the fourth quarter valued at about $27,000. Stonebridge Financial Group LLC acquired a new position in Zscaler during the 4th quarter worth about $29,000. Versant Capital Management Inc increased its position in Zscaler by 136.8% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares in the last quarter. Finally, Modus Advisors LLC acquired a new stake in Zscaler in the 4th quarter valued at about $36,000. Institutional investors own 46.45% of the company’s stock.

Insider Activity

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

Zscaler Price Performance

Shares of ZS opened at $210.14 on Friday. Zscaler, Inc. has a one year low of $153.45 and a one year high of $217.84. The stock has a 50-day moving average of $199.33 and a 200-day moving average of $197.03. The company has a market cap of $32.51 billion, a PE ratio of -840.56 and a beta of 1.12.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $244.00 price target on shares of Zscaler in a research note on Thursday, March 6th. Royal Bank of Canada lifted their target price on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. BTIG Research set a $252.00 price objective on Zscaler and gave the stock a “buy” rating in a report on Thursday, March 6th. Scotiabank reaffirmed a “sector outperform” rating and set a $242.00 price objective (up from $225.00) on shares of Zscaler in a research note on Wednesday, March 5th. Finally, Barclays reissued an “overweight” rating on shares of Zscaler in a research note on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $234.16.

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.