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

ZeroFox Holdings, Inc. (NASDAQ:ZFOX) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 153,200 shares, a decline of 17.9% from the March 31st total of 186,500 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 571,500 shares, the days-to-cover ratio is presently 0.3 days.

ZeroFox Stock Performance

Shares of NASDAQ:ZFOX opened at $1.14 on Tuesday. ZeroFox has a 12-month low of $0.41 and a 12-month high of $1.25. The company’s 50 day moving average price is $1.12 and its two-hundred day moving average price is $0.88. The firm has a market cap of $142.32 million, a PE ratio of -0.40 and a beta of 0.27. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.35.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CTO Michael Morgan Price sold 29,014 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $1.12, for a total value of $32,495.68. Following the transaction, the chief technology officer now directly owns 638,526 shares of the company’s stock, valued at $715,149.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Michael Morgan Price sold 29,014 shares of the business’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 transaction of $32,495.68. Following the completion of the sale, the chief technology officer now owns 638,526 shares in the company, valued at $715,149.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Timothy S. Bender sold 31,736 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 852,871 shares in the company, valued at approximately $955,215.52. The disclosure for this sale can be found here. Insiders sold a total of 232,200 shares of company stock valued at $260,064 over the last ninety days. 12.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ZeroFox stock. Luminus Management LLC boosted its position in shares of ZeroFox Holdings, Inc. (NASDAQ:ZFOX) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,700,000 shares of the company’s stock after buying an additional 59,352 shares during the period. ZeroFox makes up approximately 0.5% of Luminus Management LLC’s investment portfolio, making the stock its 18th largest position. Luminus Management LLC owned about 1.42% of ZeroFox worth $1,495,000 at the end of the most recent reporting period. 37.29% of the stock is currently owned by hedge funds and other institutional investors.

ZeroFox Company Profile

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.