4,286 Shares of Zscaler, Inc. $ZS Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS) in the 3rd quarter, Holdings Channel.com reports. The firm bought 4,286 shares of the company’s stock, valued at approximately $855,000.

A number of other large investors have also modified their holdings of ZS. BlackRock Inc. purchased a new stake in shares of Zscaler during the 2nd quarter valued at about $1,396,028,000. First Trust Advisors LP boosted its holdings in Zscaler by 36.2% in the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after acquiring an additional 935,781 shares during the period. Amundi boosted its holdings in Zscaler by 12.8% in the 2nd quarter. Amundi now owns 1,137,837 shares of the company’s stock worth $160,606,000 after acquiring an additional 129,563 shares during the period. Wellington Management Group LLP boosted its holdings in Zscaler by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock worth $155,718,000 after acquiring an additional 209,711 shares during the period. Finally, Bank of America Corp DE grew its position in Zscaler by 44.3% in the first quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock valued at $109,320,000 after acquiring an additional 239,326 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their price objective on shares of Zscaler from $225.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Truist Financial restated a “buy” rating and issued a $250.00 target price (up from $200.00) on shares of Zscaler in a research note on Wednesday, October 7th. BNP Paribas Exane restated an “outperform” rating and issued a $250.00 target price (up from $230.00) on shares of Zscaler in a research note on Wednesday, October 7th. Needham & Company LLC raised their price target on shares of Zscaler from $215.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $170.00 price target on shares of Zscaler in a research note on Saturday, September 5th. Thirty-six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.65.

Insider Activity at Zscaler

In related news, insider Adam Geller sold 1,042 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $235.95, for a total value of $245,859.90. Following the sale, the insider directly owned 38,308 shares of the company’s stock, valued at $9,038,772.60. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 514 shares of the stock in a transaction on Monday, October 26th. The shares were sold at an average price of $259.15, for a total transaction of $133,203.10. Following the transaction, the chief financial officer owned 62,113 shares in the company, valued at $16,096,583.95. This trade represents a 0.82% decrease in their ownership of the stock. 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. Insiders sold a total of 54,064 shares of company stock worth $11,316,078 over the last three months. 17.20% of the stock is owned by corporate insiders.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $237.83 on Friday. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The business has a 50 day moving average price of $204.19 and a two-hundred day moving average price of $167.61. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The firm has a market cap of $38.78 billion, a PE ratio of -609.82, a price-to-earnings-growth ratio of 22.61 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The company had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. During the same period in the previous year, the business earned $0.89 EPS. Zscaler’s revenue for the quarter was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Sell-side analysts expect that Zscaler, Inc. will post 0.70 earnings per share for the current fiscal year.

Zscaler Profile

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.