Luminus Management LLC has recently announced that it has increased stake in ZeroFox Holdings Inc (NASDAQ:ZFOX) by 3.62%. After grabbing 1.7 million shares, the institutional investor is now in possession of 59352.0 shares of the Technology Company. The new investment brought the stake of investor firm to 1.42% having worth around $1.09 million. Moreover, HighTower Advisors LLC increased its share by 0.81 million to have a control over 1.61 million shares. And The Vanguard Group, Inc. raised its holdings to 0.73 million shares by acquiring 1.31 million shares or 1.09% of the stake.
ZeroFox Holdings Inc (ZFOX) concluded trading on 01/04/24 at a closing price of $0.79, with 5.94 million shares of worth about $4.69 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.65% during that period and on Thursday the price saw a loss of about -5.03%. Currently the company’s common shares owned by public are about 118.19M shares, out of which, 44.58M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 6,361,935 shares in 30 of the transactions. In 8 selling transactions, insiders dumped 283,340 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and ETFMG Prime Cyber Security ETF are the top 3 mutual funds which are holding stakes in ZeroFox Holdings Inc Vanguard Total Stock Market ETF is currently holding 0.8 million shares of worth totaling $0.51 million. The company recently came buying 72800.0 shares which brought its stake up to 0.67% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 13950.0 shares, after which its hold over company’s outstanding shares expand to 0.36%, leaving 0.43 million shares with the mutual fund that have a worth of about $0.27 million. ETFMG Prime Cyber Security ETF, after buying 0.41 million shares, have now control over 0.35% of the stake in the company. It holds 0.0 shares of worth $0.27 million.
ZeroFox Holdings Inc (NASDAQ: ZFOX) started trading at $0.9229, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 0.9356, or with a loss of -5.03%. Stock saw a price change of -3.06% in past 5 days and over the past one month there was a price change of 17.66%. Year-to-date (YTD), ZFOX shares are showing a performance of -8.85% which decreased to -83.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.41 but also hit the highest price of $5.15 during that period. The average intraday trading volume for ZeroFox Holdings Inc shares is 256.38K. The stock is currently trading 15.53% above its 20-day simple moving average (SMA20), while that difference is up 19.43% for SMA50 and it goes to -18.20% lower than SMA200.
Luminus Management LLC acquired 1.7 million shares of ZeroFox Holdings Inc having value of about $1.09 million. Data submitted at the U.S SEC by Luminus Management LLC revealed that the firm now holds 59352.0 shares in the company valued at close to $46888.08, or have control over 3.62% stake in the company. ZeroFox Holdings Inc (NASDAQ: ZFOX) currently have 118.19M outstanding shares and institutions hold larger chunk of about 10.25% of that. Holding of mutual funds in the company is about 2.04% while other institutional holders and individual stake holders have control over 8.60% and 14.15% of the stake respectively.
The stock has a current market capitalization of $98.78M and its 3Y-monthly beta is at 0.11. It has posted earnings per share of -$1.11 in the same period. It has Quick Ratio of 0.84 while making debt-to-equity ratio of 0.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZFOX, volatility over the week remained 14.81% while standing at 11.18% over the month.
Analysts are in expectations that ZeroFox Holdings Inc (ZFOX) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.17 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -96.08%.
Analysts at 3 brokerage firms have issued recommendations for the ZeroFox Holdings Inc (ZFOX)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.67. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Cantor Fitzgerald on April 26, 2023 offering an Overweight rating for the stock and assigned a target price of $3 to it.
