Industrial Alliance Investment Management Inc. raised its position in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 4.5% in the third quarter, Holdings Channel.com reports. The fund owned 8,843 shares of the company’s stock after buying an additional 379 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in Zscaler were worth $1,454,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in ZS. First Personal Financial Services purchased a new stake in shares of Zscaler in the third quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Zscaler in the second quarter worth about $37,000. Ellevest Inc. purchased a new stake in shares of Zscaler in the third quarter worth about $37,000. Ronald Blue Trust Inc. purchased a new stake in shares of Zscaler in the second quarter worth about $38,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Zscaler by 294.7% in the third quarter. Nisa Investment Advisors LLC now owns 375 shares of the company’s stock worth $57,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 45.33% of the company’s stock.
Insider Buying and Selling
In other Zscaler news, Director Andrew William Fraser Brown acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 23rd. The stock was acquired at an average cost of $108.78 per share, with a total value of $543,900.00. Following the acquisition, the director now directly owns 23,250 shares of the company’s stock, valued at approximately $2,529,135. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 19.80% of the company’s stock.
Wall Street Analyst Weigh In
Zscaler Stock Performance
Shares of ZS stock opened at $108.13 on Friday. Zscaler, Inc. has a 12-month low of $99.64 and a 12-month high of $253.74. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of -47.02 and a beta of 0.88. The business has a 50 day simple moving average of $122.57 and a 200 day simple moving average of $135.56. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.01 and a quick ratio of 2.01.
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.
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