Legacy Capital Group California Inc. Takes Position in Zscaler, Inc. $ZS

Legacy Capital Group California Inc. acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,309 shares of the company’s stock, valued at approximately $605,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Zscaler by 1.4% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after buying an additional 36 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Zscaler by 10.9% during the 3rd quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock valued at $119,000 after acquiring an additional 39 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Zscaler by 7.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock valued at $204,000 after acquiring an additional 45 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Zscaler by 3.8% during the 4th quarter. Yousif Capital Management LLC now owns 1,326 shares of the company’s stock worth $274,000 after acquiring an additional 48 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Zscaler by 2.6% during the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $611,000 after acquiring an additional 52 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Up 7.2%

NASDAQ:ZS opened at $152.09 on Wednesday. The business’s fifty day moving average price is $143.83 and its 200 day moving average price is $160.90. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of -316.85, a PEG ratio of 81.27 and a beta of 0.96. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data 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 firm had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. During the same period last year, the company posted $0.84 EPS. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. On average, sell-side analysts forecast that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Zscaler in a report on Wednesday, June 10th. Berenberg Bank set a $200.00 price target on Zscaler in a research report on Thursday, May 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price target on shares of Zscaler in a research report on Wednesday, June 10th. Citizens Jmp dropped their price target on Zscaler from $290.00 to $210.00 and set a “market outperform” rating on the stock in a research note on Friday, May 1st. Finally, Piper Sandler cut their price objective on Zscaler from $185.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $213.97.

Insider Activity at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the transaction, the chief executive officer directly owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the sale, the insider owned 42,314 shares of the company’s stock, valued at approximately $5,187,696.40. The trade was a 6.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 15,766 shares of company stock valued at $1,978,587. 17.20% of the stock is owned by company insiders.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: U.S. and international security agencies warned about Russian cyber threats, lifting demand expectations for cloud security names like Zscaler. Why Are Zscaler (ZS) Shares Soaring Today
• Positive Sentiment: Analyst-style coverage said Zscaler’s expanding Zero Trust adoption and lower valuation make it attractive versus Palo Alto Networks. PANW vs. ZS: Which Cybersecurity Stock Has an Edge Right Now?
• Neutral Sentiment: A Stocktwits poll showed retail investors favoring CrowdStrike over other cybersecurity names, which does not directly change Zscaler’s fundamentals but reflects mixed investor sentiment across the sector. CRWD, PANW, NET, ZS: One Cybersecurity Stock Won Over Retail Investors – But Another Tops Wall Street’s List
• Negative Sentiment: A law firm announced a shareholder investigation into Zscaler, which could create headline risk and potential overhang for the stock. ZSCALER STOCKHOLDER ALERT

Zscaler 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.