ZeroFox Holdings, Inc. (NASDAQ:ZFOX) Short Interest Down 17.9% in April

ZeroFox Holdings, Inc. (NASDAQ:ZFOX) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 153,200 shares, a decrease of 17.9% from the March 31st total of 186,500 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 571,500 shares, the days-to-cover ratio is presently 0.3 days.

ZeroFox Stock Performance

Shares of ZFOX opened at $1.14 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $142.32 million, a price-to-earnings ratio of -0.40 and a beta of 0.27. The company’s 50 day simple moving average is $1.12 and its 200 day simple moving average is $0.88. ZeroFox has a 1 year low of $0.41 and a 1 year high of $1.25.

ZeroFox (NASDAQ:ZFOX) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $60.51 million for the quarter, compared to analysts’ expectations of $56.95 million. ZeroFox had a negative net margin of 152.73% and a negative return on equity of 13.05%. On average, sell-side analysts predict that ZeroFox will post -0.23 EPS for the current year.

Insiders Place Their Bets

In other ZeroFox news, COO Kevin T. Reardon sold 28,908 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $1.12, for a total transaction of $32,376.96. Following the transaction, the chief operating officer now directly owns 638,632 shares in the company, valued at $715,267.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other ZeroFox news, COO Kevin T. Reardon sold 28,908 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $1.12, for a total value of $32,376.96. Following the sale, the chief operating officer now owns 638,632 shares of the company’s stock, valued at $715,267.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Christopher Foster sold 80,542 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $1.12, for a total transaction of $90,207.04. Following the completion of the sale, the chief executive officer now directly owns 10,370,476 shares in the company, valued at approximately $11,614,933.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 232,200 shares of company stock worth $260,064. 23.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On ZeroFox

A hedge fund recently raised its stake in ZeroFox stock. Luminus Management LLC lifted its position in shares of ZeroFox Holdings, Inc. (NASDAQ:ZFOX) by 3.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,700,000 shares of the company’s stock after buying an additional 59,352 shares during the period. ZeroFox accounts for approximately 0.5% of Luminus Management LLC’s portfolio, making the stock its 18th largest holding. Luminus Management LLC owned approximately 1.42% of ZeroFox worth $1,495,000 at the end of the most recent quarter. Institutional investors own 37.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of ZeroFox in a report on Monday, February 12th.

About ZeroFox

ZeroFox Holdings, Inc engages in the provision of software-as-a-service-based external cybersecurity solutions that focuses on exposing, disrupting, and responding to threats outside the traditional corporate perimeter. The company offers ZeroFox Protection provides real-time asset and vulnerability awareness of external-facing internet accessible digital footprint and enables organizations to configure protective capabilities to continuously protect external assets; ZeroFox Intelligence provides threat intelligence solutions that enable customers to directly search across company's data lake of global threat indicators, tactics, adversary intelligence, exploits, and vulnerabilities; ZeroFox Disruption leverages company's platform to report, block, and take down an attack's core components across the internet; and ZeroFox Response enables organizations to provide the required 24×7 level of support necessary to quickly respond to cyber incidents including external attacks, data loss or exfiltration, ransomware, and potential breaches.