Mount Lucas Management LP acquired a new stake in Zscaler, Inc. (NASDAQ:ZS – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 931 shares of the company’s stock, valued at approximately $292,000.
Other institutional investors have also recently bought and sold shares of the company. Symphony Financial Ltd. Co. bought a new position in shares of Zscaler in the 2nd quarter worth $46,027,000. Y.D. More Investments Ltd lifted its stake in Zscaler by 11.3% in the second quarter. Y.D. More Investments Ltd now owns 14,358 shares of the company’s stock valued at $4,527,000 after buying an additional 1,457 shares during the period. Rockefeller Capital Management L.P. bought a new position in Zscaler during the second quarter worth about $4,516,000. Kingsview Wealth Management LLC grew its position in shares of Zscaler by 24.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 3,740 shares of the company’s stock worth $1,174,000 after buying an additional 731 shares during the period. Finally, Foundations Investment Advisors LLC increased its stake in shares of Zscaler by 17.2% in the 2nd quarter. Foundations Investment Advisors LLC now owns 7,719 shares of the company’s stock valued at $2,423,000 after acquiring an additional 1,132 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.
Insider Activity
In related news, insider Adam Geller sold 11,193 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares in the company, valued at approximately $15,141,519.40. The trade was a 17.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of the company’s stock in a transaction 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 sale, the insider directly owned 76,132 shares in the company, valued at $23,263,655.24. This trade represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,084 shares of company stock valued at $12,446,825 over the last three months. Corporate insiders own 18.10% of the company’s stock.
Zscaler Price Performance
Zscaler (NASDAQ:ZS – Get Free Report) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.09. The business had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.Zscaler’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. As a group, sell-side analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Scotiabank reduced their price objective on shares of Zscaler from $360.00 to $334.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 3rd. Guggenheim reissued a “neutral” rating on shares of Zscaler in a research report on Wednesday, September 3rd. KeyCorp boosted their target price on Zscaler from $345.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Barclays upped their price target on shares of Zscaler from $320.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. Finally, Robert W. Baird upped their price objective on Zscaler from $330.00 to $345.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $313.36.
Check Out Our Latest Stock Analysis on ZS
About Zscaler
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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