Triumph Capital Management Sells 1,695 Shares of Zscaler, Inc. (NASDAQ:ZS)

Triumph Capital Management decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 29.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,156 shares of the company’s stock after selling 1,695 shares during the quarter. Triumph Capital Management’s holdings in Zscaler were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ZS. Global X Japan Co. Ltd. increased its holdings in shares of Zscaler by 127.4% in the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares during the period. Summit Securities Group LLC purchased a new position in Zscaler in the fourth quarter worth $27,000. Stonebridge Financial Group LLC purchased a new position in Zscaler in the fourth quarter worth $29,000. Crews Bank & Trust purchased a new position in Zscaler in the fourth quarter worth $36,000. Finally, R Squared Ltd purchased a new position in Zscaler in the fourth quarter worth $38,000. Institutional investors own 46.45% of the company’s stock.

Insider Activity

In other news, insider Robert Schlossman sold 2,878 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $573,153.70. Following the sale, the insider now owns 107,587 shares in the company, valued at $21,425,951.05. This represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew William Fraser Brown sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the completion of the sale, the director now owns 27,216 shares in the company, valued at $5,606,496. This represents a 26.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 209,234 shares of company stock worth $42,030,790 over the last 90 days. 18.10% of the stock is currently owned by insiders.

Zscaler Stock Up 2.3%

NASDAQ:ZS opened at $251.50 on Friday. The company’s 50 day moving average price is $210.17 and its 200-day moving average price is $202.08. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $253.59. The stock has a market cap of $38.91 billion, a price-to-earnings ratio of -1,006.00 and a beta of 1.14.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZS. Sanford C. Bernstein reiterated an “outperform” rating and issued a $244.00 target price on shares of Zscaler in a research report on Thursday, March 6th. Morgan Stanley cut their target price on shares of Zscaler from $205.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of Zscaler from $240.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Royal Bank of Canada upped their target price on shares of Zscaler from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, Wells Fargo & Company upped their price target on shares of Zscaler from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $238.53.

Zscaler Company 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.