Evoke Wealth LLC Purchases New Stake in Zscaler, Inc. (NASDAQ:ZS)

Evoke Wealth LLC purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,223 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors have also added to or reduced their stakes in ZS. Erste Asset Management GmbH grew its position in Zscaler by 0.6% in the fourth quarter. Erste Asset Management GmbH now owns 9,780 shares of the company’s stock valued at $1,805,000 after acquiring an additional 56 shares during the last quarter. KRS Capital Management LLC grew its holdings in shares of Zscaler by 1.9% during the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after purchasing an additional 60 shares during the last quarter. Ironwood Investment Management LLC grew its holdings in shares of Zscaler by 1.0% during the fourth quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company’s stock worth $1,127,000 after purchasing an additional 64 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Zscaler by 16.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the company’s stock worth $88,000 after purchasing an additional 69 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Zscaler by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Ajay Mangal sold 190,480 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 18.10% of the stock is currently owned by insiders.

Zscaler Stock Up 1.2 %

ZS stock opened at $203.95 on Thursday. The firm has a market cap of $31.56 billion, a price-to-earnings ratio of -815.80 and a beta of 0.88. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $217.84. The business’s fifty day simple moving average is $199.11 and its two-hundred day simple moving average is $191.72.

Analyst Ratings Changes

Several research firms have recently weighed in on ZS. BTIG Research set a $252.00 price target on Zscaler and gave the stock a “buy” rating in a report on Thursday, March 6th. KeyCorp boosted their price target on Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Oppenheimer upped their target price on Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $244.00 target price on shares of Zscaler in a report on Thursday, March 6th. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $242.00 target price (up from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $232.68.

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.