Caisse de depot et placement du Quebec Makes New Investment in Zscaler, Inc. $ZS

Caisse de depot et placement du Quebec bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 220,620 shares of the company’s stock, valued at approximately $31,141,000.

Several other institutional investors have also modified their holdings of the stock. Binnacle Investments Inc purchased a new stake in shares of Zscaler in the third quarter valued at about $25,000. AlphaCentric Advisors LLC purchased a new position in Zscaler during the fourth quarter worth about $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in Zscaler in the 4th quarter valued at about $30,000. Mcguire Capital Advisors Inc. acquired a new position in Zscaler in the 4th quarter valued at about $32,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Zscaler in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of a number of recent analyst reports. HC Wainwright upgraded shares of Zscaler from a “buy” rating to a “buy” rating in a report on Monday, May 18th. KeyCorp raised their target price on Zscaler from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. BMO Capital Markets reduced their target price on Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Stifel Nicolaus upped their price target on Zscaler from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $225.00 price target on shares of Zscaler in a report on Wednesday, August 19th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.18.

Insider Transactions at Zscaler

In related news, CFO Kevin Rubin sold 503 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total value of $87,210.14. Following the sale, the chief financial officer owned 40,895 shares in the company, valued at approximately $7,090,375.10. The trade was a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction 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 sale, the insider owned 42,314 shares in the company, valued at $5,187,696.40. This represents a 6.24% 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. Over the last three months, insiders sold 16,772 shares of company stock valued at $2,139,799. Corporate insiders own 17.20% of the company’s stock.

Zscaler Stock Down 1.6%

Zscaler stock opened at $184.23 on Friday. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. 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 50 day moving average price of $156.19 and a 200 day moving average price of $150.37. The company has a market capitalization of $29.79 billion, a PE ratio of -383.80, a price-to-earnings-growth ratio of 110.24 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. During the same period in the prior year, the firm earned $0.84 earnings per share. The firm’s revenue was up 25.4% compared to the same quarter last year. Research analysts expect that Zscaler, Inc. will post 0.13 earnings per share for the current year.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: J.P. Morgan initiated or reiterated a Buy rating on Zscaler and raised its price target to $215 from $205, suggesting meaningful upside and confidence in the company’s long-term cloud-security growth. Zscaler gets a Buy from J.P. Morgan
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing for research into self-improving artificial-intelligence models. The investment could strengthen Zscaler’s exposure to enterprise AI, although it is unlikely to materially affect near-term earnings. Deep Cogito raises $43 million Series A
• Positive Sentiment: A broader cybersecurity re-rating has lifted previously lagging stocks, with Zscaler benefiting from increased investor interest in security software and AI-related growth. The move was accompanied by a strong gain in the First Trust NASDAQ Cybersecurity ETF. Cybersecurity re-rating reaches lagging stocks
• Neutral Sentiment: Zscaler is expected to report quarterly results on Thursday. Its prior quarter featured a revenue and adjusted EPS beat, with revenue up 25.4% year over year, but investors will look for sustained billings, guidance, and AI-driven demand before extending the recent rally. Zscaler expected to announce quarterly earnings
• Neutral Sentiment: The broader market may remain sensitive to next week’s August jobs report and its implications for Federal Reserve policy, interest rates, and valuation multiples for high-growth technology stocks. August jobs report takes center stage
• Negative Sentiment: CFO Kevin Rubin sold 503 shares worth approximately $87,210 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only about 1.2%, making it a limited sentiment concern rather than a fundamental warning. Zscaler CFO sells stock

Zscaler Company Profile

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.