Zscaler, Inc. $ZS Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Zscaler, Inc. (NASDAQ:ZS) by 7.9% during the first quarter, Holdings Channel reports. The institutional investor owned 5,016 shares of the company’s stock after selling 432 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Zscaler were worth $995,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. MIG Capital LLC boosted its stake in Zscaler by 146.4% in the 1st quarter. MIG Capital LLC now owns 4,497 shares of the company’s stock worth $892,000 after buying an additional 2,672 shares during the last quarter. Fairscale Capital LLC acquired a new stake in Zscaler in the 1st quarter worth about $61,000. Brooklyn Investment Group boosted its stake in Zscaler by 15.7% in the 1st quarter. Brooklyn Investment Group now owns 745 shares of the company’s stock worth $148,000 after buying an additional 101 shares during the last quarter. Versor Investments LP acquired a new stake in Zscaler in the 1st quarter worth about $353,000. Finally, United Capital Management of KS Inc. boosted its stake in Zscaler by 4.9% in the 1st quarter. United Capital Management of KS Inc. now owns 32,589 shares of the company’s stock worth $6,466,000 after buying an additional 1,508 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ZS shares. JPMorgan Chase & Co. lifted their price objective on Zscaler from $292.00 to $348.00 and gave the company an “overweight” rating in a research note on Monday, June 16th. Wall Street Zen raised Zscaler from a “hold” rating to a “buy” rating in a research note on Sunday, June 8th. Needham & Company LLC lifted their price objective on Zscaler from $240.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Robert W. Baird lifted their price objective on Zscaler from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Finally, Rosenblatt Securities lifted their price objective on Zscaler from $235.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $296.82.

Zscaler Stock Performance

Zscaler stock opened at $272.52 on Friday. The stock’s 50 day moving average price is $292.37 and its 200 day moving average price is $246.55. The firm has a market capitalization of $42.43 billion, a PE ratio of -1,048.15, a price-to-earnings-growth ratio of 288.37 and a beta of 1.06. Zscaler, Inc. has a one year low of $153.45 and a one year high of $318.46.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. The firm had revenue of $678.03 million for the quarter, compared to analyst estimates of $667.13 million. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%.Zscaler’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. On average, analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Adam Geller sold 3,662 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert Schlossman sold 4,618 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $300.00, for a total value of $1,385,400.00. Following the transaction, the insider directly owned 95,612 shares in the company, valued at $28,683,600. This trade represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,256 shares of company stock worth $50,618,544 in the last ninety days. 18.10% of the stock is currently owned by company insiders.

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.