AWM Capital LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 863 shares of the company’s stock, valued at approximately $271,000.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Zscaler by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after purchasing an additional 294,034 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Zscaler by 23.4% during the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after acquiring an additional 578,883 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Zscaler in the first quarter worth approximately $516,622,000. AQR Capital Management LLC boosted its holdings in Zscaler by 23.6% in the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company’s stock valued at $234,715,000 after acquiring an additional 227,899 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Zscaler in the 1st quarter worth approximately $153,340,000. 46.45% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on ZS shares. Scotiabank dropped their price objective on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 3rd. Barclays increased their price target on Zscaler from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Royal Bank Of Canada lifted their price objective on shares of Zscaler from $335.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday. JMP Securities reiterated a “market outperform” rating and set a $355.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $350.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.43.
Insider Buying and Selling at Zscaler
In other news, insider Adam Geller sold 11,193 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $3,141,875.10. Following the sale, the insider directly owned 53,942 shares of the company’s stock, valued at approximately $15,141,519.40. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 7,006 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the sale, the insider owned 76,132 shares in the company, valued at $23,263,655.24. This represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,884 shares of company stock worth $11,406,825 over the last ninety days. Company insiders own 18.10% of the company’s stock.
Zscaler Price Performance
Shares of NASDAQ:ZS opened at $305.41 on Monday. The company’s 50-day moving average is $282.18 and its 200 day moving average is $264.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $318.46. The company has a market capitalization of $48.35 billion, a P/E ratio of -1,131.15 and a beta of 1.06.
Zscaler (NASDAQ:ZS – Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. Zscaler’s revenue for the quarter was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, equities research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.
Zscaler Profile
Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.
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