Shares of ZeroFox Holdings, Inc. (NASDAQ:ZFOX – Get Rating) shot up 0.6% during trading on Friday . The company traded as high as $5.35 and last traded at $4.98. 76,409 shares were traded during mid-day trading, a decline of 40% from the average session volume of 126,988 shares. The stock had previously closed at $4.95.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ZFOX. Stifel Nicolaus began coverage on shares of ZeroFox in a research note on Thursday, November 10th. They issued a "buy" rating and a $6.00 target price on the stock. Jefferies Financial Group started coverage on shares of ZeroFox in a research note on Friday, December 2nd. They set a "hold" rating and a $4.50 price target on the stock.
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ZeroFox Trading Up 0.6 %
The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 1.38. The business has a 50 day simple moving average of $4.58.
Institutional Investors Weigh In On ZeroFox
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of ZeroFox in the 3rd quarter worth about $80,000. Intel Corp bought a new stake in shares of ZeroFox in the 3rd quarter worth about $31,960,000. Moore Capital Management LP bought a new stake in shares of ZeroFox in the 3rd quarter worth about $110,000. NEA Management Company LLC bought a new stake in shares of ZeroFox in the 3rd quarter worth about $88,283,000. Finally, BlackRock Inc. bought a new stake in shares of ZeroFox in the 3rd quarter worth about $2,318,000.
About ZeroFox
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ZeroFox Holdings, Inc operates as an enterprise cybersecurity software-as-a-service company that addresses the full lifecycle of external cyber threats and risks. The company offers ZeroFox Protect that enables organizations to configure protective capabilities to identify and protect their external assets; ZeroFox Predict, a threat intelligence solution that enable customers to directly search across data lake of global threat indicators, tactics, adversary intelligence, exploits, vulnerabilities, and security tools; ZeroFox Detect that provides customers with real-time asset and vulnerability awareness for their external-facing internet digital footprint; ZeroFox Response that enables organizations to provide the 24×7 level of support necessary to respond to external attacks, incidents, data loss or exfiltration, or potential breaches; and ZeroFox Disrupt to report, block, and take down an attack's core components across the internet.
Further Reading
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