ZeroFox Holdings, Inc. (NASDAQ:ZFOX) Sees Significant Decrease in Short Interest

ZeroFox Holdings, Inc. (NASDAQ:ZFOX) saw a large decrease in short interest in 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 company’s stock are sold short. Based on an average trading volume of 571,500 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

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

ZeroFox Price Performance

Shares of ZeroFox stock opened at $1.14 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $142.32 million, a PE ratio of -0.40 and a beta of 0.27. The firm has a fifty day moving average price of $1.12 and a two-hundred day moving average price of $0.88. ZeroFox has a fifty-two week low of $0.41 and a fifty-two week high of $1.25.

ZeroFox (NASDAQ:ZFOX) last released its earnings results on Friday, March 15th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.01). ZeroFox had a negative net margin of 152.73% and a negative return on equity of 13.05%. The company had revenue of $60.51 million during the quarter, compared to the consensus estimate of $56.95 million. Analysts expect that ZeroFox will post -0.23 EPS for the current year.

Insider Transactions at ZeroFox

In related news, CFO Timothy S. Bender sold 31,736 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $1.12, for a total value of $35,544.32. Following the transaction, the chief financial officer now directly owns 852,871 shares of the company’s stock, valued at approximately $955,215.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Timothy S. Bender sold 31,736 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $1.12, for a total value of $35,544.32. Following the transaction, the chief financial officer now directly owns 852,871 shares in the company, valued at approximately $955,215.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Christopher Foster sold 80,542 shares of ZeroFox stock in a transaction on Monday, March 18th. The stock was sold at an average price of $1.12, for a total transaction of $90,207.04. Following the completion of the transaction, the chief executive officer now owns 10,370,476 shares in the company, valued at approximately $11,614,933.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 232,200 shares of company stock worth $260,064. 12.80% of the stock is owned by corporate insiders.

Institutional Trading of ZeroFox

An institutional investor recently bought a new position in ZeroFox stock. Fort Pitt Capital Group LLC bought a new position in ZeroFox Holdings, Inc. (NASDAQ:ZFOX) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 36,062 shares of the company’s stock, valued at approximately $40,000. 37.29% of the stock is currently owned by hedge funds and other institutional investors.

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.