Zscaler, Inc. $ZS Shares Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC lifted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 23.1% during the second quarter, Holdings Channel.com reports. The fund owned 39,631 shares of the company’s stock after acquiring an additional 7,430 shares during the period. Quantitative Investment Management LLC’s holdings in Zscaler were worth $5,593,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Binnacle Investments Inc purchased a new position in shares of Zscaler in the 3rd quarter valued at approximately $25,000. AlphaCentric Advisors LLC acquired a new position in Zscaler during the 4th quarter valued at approximately $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in Zscaler during the 4th quarter valued at approximately $30,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Zscaler in the fourth quarter worth $32,000. Finally, Western Wealth Management LLC purchased a new position in shares of Zscaler in the first quarter worth $33,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Price Performance

NASDAQ:ZS opened at $184.23 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. The company’s fifty day moving average price is $156.19 and its 200-day moving average price is $150.23. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The firm has a market capitalization of $29.79 billion, a P/E ratio of -383.80, a PEG ratio of 108.43 and a beta of 0.94.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $363,865.54. Following the completion of the transaction, the chief executive officer owned 343,038 shares of the company’s stock, valued at $43,370,294.34. The trade was a 0.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 503 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total value of $87,210.14. Following the completion of the sale, the chief financial officer owned 40,895 shares in the company, valued at $7,090,375.10. The trade was a 1.22% 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. Insiders sold a total of 16,772 shares of company stock valued at $2,139,799 in the last three months. Company insiders own 17.20% of the company’s stock.

Trending Headlines about Zscaler

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

Wall Street Analyst Weigh In

ZS has been the subject of several research reports. Zacks Research upgraded shares of Zscaler from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Sanford C. Bernstein reduced their target price on Zscaler from $228.00 to $224.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Zscaler in a research report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price target on Zscaler from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings raised Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $216.18.

About Zscaler

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.