Renaissance Technologies LLC Purchases 122,160 Shares of Zscaler, Inc. $ZS

Renaissance Technologies LLC raised its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 112.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,460 shares of the company’s stock after buying an additional 122,160 shares during the quarter. Renaissance Technologies LLC’s holdings in Zscaler were worth $32,331,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ZS. Binnacle Investments Inc bought a new position in shares of Zscaler in the 3rd quarter worth about $25,000. AlphaCentric Advisors LLC purchased a new position in Zscaler during the 4th quarter valued at about $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in Zscaler during the fourth quarter worth about $30,000. Mcguire Capital Advisors Inc. bought a new stake in Zscaler during the fourth quarter worth about $32,000. Finally, Family CFO Inc purchased a new stake in Zscaler in the fourth quarter worth about $34,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Up 2.9%

NASDAQ:ZS opened at $151.63 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $24.52 billion, a P/E ratio of -315.89, a P/E/G ratio of 84.41 and a beta of 0.96. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The firm has a 50-day simple moving average of $142.04 and a two-hundred day simple moving average of $155.30.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. The firm had revenue of $850.48 million for the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Analysts predict that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the transaction, the insider directly owned 69,366 shares of the company’s stock, valued at approximately $8,769,943.38. This represents a 4.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the completion of the transaction, the insider directly owned 42,314 shares in the company, valued at $5,187,696.40. This trade represents a 6.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,269 shares of company stock valued at $2,052,589 in the last quarter. Insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ZS has been the subject of a number of analyst reports. Guggenheim reaffirmed a “buy” rating and set a $214.00 target price on shares of Zscaler in a research note on Wednesday, June 10th. Barclays dropped their price target on Zscaler from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Morgan Stanley cut their price target on Zscaler from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 27th. Berenberg Bank set a $200.00 price objective on Zscaler in a research report on Thursday, May 28th. Finally, Wolfe Research reiterated an “outperform” rating and set a $150.00 price objective on shares of Zscaler in a research note on Thursday, June 11th. Thirty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and an average price target of $214.21.

About Zscaler

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.