EMC Capital Management acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,600 shares of the company’s stock, valued at approximately $1,426,000. Zscaler comprises 0.6% of EMC Capital Management’s investment portfolio, making the stock its 16th largest holding.
Other hedge funds have also bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund increased its position in Zscaler by 1.4% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after buying an additional 36 shares during the last quarter. Parallel Advisors LLC raised its stake in Zscaler by 10.9% in the third quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock valued at $119,000 after buying an additional 39 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Zscaler by 7.5% in the second quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock valued at $204,000 after buying an additional 45 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Zscaler by 2.6% in the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $611,000 after buying an additional 52 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Zscaler by 6.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 976 shares of the company’s stock worth $292,000 after acquiring an additional 56 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Zscaler
In other news, CFO Kevin Rubin sold 503 shares of Zscaler stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total transaction of $87,210.14. Following the completion of the sale, the chief financial officer owned 40,895 shares of the company’s stock, valued at approximately $7,090,375.10. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the sale, the chief executive officer directly owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. The trade was a 0.83% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 16,772 shares of company stock worth $2,139,799 over the last ninety days. Corporate insiders own 17.20% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Zscaler
Zscaler Stock Performance
ZS opened at $172.73 on Thursday. The business has a fifty day simple moving average of $159.43 and a 200 day simple moving average of $150.39. The company has a market capitalization of $27.93 billion, a PE ratio of -359.85, a price-to-earnings-growth ratio of 104.98 and a beta of 0.95. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86.
About Zscaler
Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.
Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.
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