Moore Capital Management LP Makes New $525,000 Investment in Zscaler, Inc. (NASDAQ:ZS)

Moore Capital Management LP acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,197 shares of the company’s stock, valued at approximately $525,000.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of Zscaler in the 1st quarter worth $168,365,000. Scge Management L.P. grew its stake in shares of Zscaler by 67.9% in the 2nd quarter. Scge Management L.P. now owns 987,000 shares of the company’s stock worth $147,566,000 after acquiring an additional 399,000 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of Zscaler in the 2nd quarter worth $47,685,000. Artisan Partners Limited Partnership grew its stake in shares of Zscaler by 17.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,865,180 shares of the company’s stock worth $306,580,000 after acquiring an additional 271,360 shares in the last quarter. Finally, Scout Investments Inc. bought a new stake in shares of Zscaler in the 3rd quarter worth $35,211,000. Institutional investors and hedge funds own 45.33% of the company’s stock.

Zscaler Trading Down 4.5 %

Shares of ZS opened at $105.45 on Friday. Zscaler, Inc. has a 1-year low of $99.64 and a 1-year high of $253.74. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.01 and a quick ratio of 2.01. The firm’s 50 day simple moving average is $122.73 and its 200 day simple moving average is $136.94. The company has a market capitalization of $15.21 billion, a P/E ratio of -46.05 and a beta of 0.88.

Insider Buying and Selling at Zscaler

In other Zscaler news, COO Dali Rajic sold 7,113 shares of the stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $114.14, for a total transaction of $811,877.82. Following the transaction, the chief operating officer now directly owns 296,820 shares in the company, valued at $33,879,034.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Zscaler news, COO Dali Rajic sold 7,113 shares of the stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $114.14, for a total transaction of $811,877.82. Following the transaction, the chief operating officer now directly owns 296,820 shares in the company, valued at $33,879,034.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 1,262 shares of the stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $114.14, for a total transaction of $144,044.68. Following the transaction, the chief executive officer now owns 323,549 shares in the company, valued at $36,929,882.86. The disclosure for this sale can be found here. Insiders have sold 19,735 shares of company stock worth $2,252,553 over the last ninety days. Insiders own 19.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ZS. Robert W. Baird reduced their target price on shares of Zscaler from $220.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, December 5th. JPMorgan Chase & Co. initiated coverage on shares of Zscaler in a research report on Tuesday, January 24th. They set a “neutral” rating and a $124.00 price target for the company. Wedbush reduced their price target on shares of Zscaler from $180.00 to $150.00 in a research report on Friday, March 3rd. Barclays reduced their price target on shares of Zscaler from $143.00 to $135.00 in a research report on Friday, March 3rd. Finally, Guggenheim lowered shares of Zscaler from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 17th. Thirteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.44.

Zscaler Profile

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Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.