2,203 Shares of Zscaler, Inc. $ZS Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC purchased a new position in Zscaler, Inc. (NASDAQ:ZS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,203 shares of the company’s stock, valued at approximately $439,000.

Several other institutional investors and hedge funds have also bought and sold shares of ZS. BlackRock Inc. bought a new stake in Zscaler during the 2nd quarter valued at approximately $1,396,028,000. First Trust Advisors LP grew its holdings in shares of Zscaler by 36.2% during the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after acquiring an additional 935,781 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Zscaler during the 2nd quarter worth approximately $102,271,000. Legal & General Group Plc bought a new position in shares of Zscaler in the 2nd quarter worth approximately $89,740,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Zscaler in the 2nd quarter worth approximately $66,406,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Stock Performance

Zscaler stock opened at $237.83 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $38.78 billion, a P/E ratio of -609.82, a PEG ratio of 22.61 and a beta of 0.94. The stock’s 50 day moving average is $204.19 and its 200 day moving average is $167.61. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. The business had revenue of $898.19 million during the quarter, compared to analysts’ expectations of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, equities research analysts predict that Zscaler, Inc. will post 0.70 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ZS shares. Canaccord Genuity Group lifted their price target on Zscaler from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Roth Capital reaffirmed a “neutral” rating and issued a $170.00 price target on shares of Zscaler in a research note on Saturday, September 5th. Stephens increased their price objective on Zscaler from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Truist Financial reiterated a “buy” rating and issued a $250.00 price objective (up from $200.00) on shares of Zscaler in a report on Wednesday, October 7th. Finally, Mizuho set a $235.00 price objective on Zscaler in a research report on Wednesday, October 7th. Thirty-six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.65.

Insider Buying and Selling

In other news, Director James Beer sold 177 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $192.01, for a total transaction of $33,985.77. Following the completion of the transaction, the director directly owned 4,030 shares in the company, valued at $773,800.30. This trade represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 514 shares of Zscaler stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $259.15, for a total value of $133,203.10. Following the completion of the transaction, the chief financial officer directly owned 62,113 shares of the company’s stock, valued at approximately $16,096,583.95. This represents a 0.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 54,064 shares of company stock valued at $11,316,078. Insiders own 17.20% of the company’s stock.

About Zscaler

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.