Norway Savings Bank Purchases 344 Shares of Zscaler, Inc. $ZS

Norway Savings Bank raised its stake in Zscaler, Inc. (NASDAQ:ZS) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,965 shares of the company’s stock after buying an additional 344 shares during the period. Norway Savings Bank’s holdings in Zscaler were worth $1,873,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ZS. T. Rowe Price Investment Management Inc. bought a new position in shares of Zscaler in the 1st quarter worth $516,622,000. Nuveen LLC bought a new position in shares of Zscaler in the 1st quarter worth $153,340,000. Goldman Sachs Group Inc. increased its holdings in shares of Zscaler by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after buying an additional 578,883 shares during the last quarter. Woodline Partners LP bought a new position in shares of Zscaler in the 1st quarter worth $70,340,000. Finally, Vanguard Group Inc. increased its holdings in shares of Zscaler by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after buying an additional 294,034 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Trading Down 1.2%

Shares of NASDAQ ZS opened at $283.19 on Friday. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46. The firm has a market capitalization of $44.09 billion, a PE ratio of -1,048.85 and a beta of 1.05. The firm has a fifty day simple moving average of $282.34 and a two-hundred day simple moving average of $253.66.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.80 by $0.09. The business had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.49%. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, sell-side analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ZS shares. JPMorgan Chase & Co. upped their price objective on shares of Zscaler from $348.00 to $351.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $355.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Morgan Stanley raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $280.00 to $320.00 in a research note on Tuesday, September 2nd. Robert W. Baird upped their price objective on shares of Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Stephens reaffirmed an “overweight” rating and issued a $255.00 price objective on shares of Zscaler in a research note on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average price target of $307.00.

Insider Buying and Selling

In related news, EVP Raj Judge sold 2,957 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $898,040.90. Following the completion of the transaction, the executive vice president directly owned 76,289 shares in the company, valued at $23,168,969.30. This trade represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Geller sold 3,662 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total transaction of $1,123,208.64. Following the completion of the transaction, the insider owned 46,813 shares of the company’s stock, valued at approximately $14,358,483.36. The trade was a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,305 shares of company stock worth $7,093,136 over the last 90 days. Corporate insiders own 18.10% of the company’s stock.

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.