Edmond DE Rothschild Holding S.A. purchased a new stake in Zscaler, Inc. (NASDAQ:ZS – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,318 shares of the company’s stock, valued at approximately $2,021,000.
Several other hedge funds also recently modified their holdings of the company. Binnacle Investments Inc acquired a new position in Zscaler in the 3rd quarter worth about $25,000. AlphaCentric Advisors LLC acquired a new stake in shares of Zscaler during the fourth quarter valued at about $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Zscaler during the fourth quarter worth about $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Zscaler during the fourth quarter worth about $32,000. Finally, Western Wealth Management LLC acquired a new position in shares of Zscaler in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 46.45% of the company’s stock.
Zscaler Stock Performance
Shares of Zscaler stock opened at $174.95 on Friday. The business has a 50-day moving average price of $150.05 and a two-hundred day moving average price of $150.32. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The company has a market cap of $28.29 billion, a P/E ratio of -364.47, a PEG ratio of 72.45 and a beta of 0.94.
Zscaler News Summary
Here are the key news stories impacting Zscaler this week:
- Positive Sentiment: Analysts raised price targets: Mizuho increased its target from $185 to $210 and maintained an “outperform” rating, while Stifel lifted its target from $175 to $200 and kept a “buy” rating. Cantor Fitzgerald also reaffirmed its “overweight” rating with a $225 target, reflecting continued confidence in Zscaler’s growth prospects. Benzinga analyst reports Cantor Fitzgerald rating report
- Positive Sentiment: Potential quarterly upside: Oppenheimer expects Zscaler to deliver a slight upside to fiscal fourth-quarter results, suggesting execution remains solid ahead of the company’s upcoming earnings report. Zscaler Likely to Deliver Slight Q4 Upside
- Neutral Sentiment: Recent coverage highlights conflicting analyst views on Zscaler and other technology companies, indicating that valuation and the company’s future growth outlook remain subjects of debate. Conflicting Analyst Sentiments
- Neutral Sentiment: Investor-focused articles discuss how to buy Zscaler stock and whether it is a buy or sell, but provide no new company-specific operating update or immediate catalyst. How to Buy Zscaler Stock Zscaler Stock Buy or Sell
- Negative Sentiment: Market underperformance pressured the stock: Zscaler fell more sharply than the broader market in the latest session. The report did not identify a new fundamental problem, so the move appears driven primarily by market sentiment, profit-taking, or valuation concerns rather than a downgrade. Zscaler Registers a Bigger Fall Than the Market
Analyst Ratings Changes
Several equities research analysts recently commented on ZS shares. Piper Sandler cut their target price on shares of Zscaler from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. KeyCorp raised their price target on shares of Zscaler from $176.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. BMO Capital Markets cut their price target on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Guggenheim restated a “buy” rating and issued a $214.00 price objective on shares of Zscaler in a report on Wednesday, June 10th. Finally, Barclays lowered their target price on Zscaler from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and a consensus target price of $214.72.
Read Our Latest Analysis on Zscaler
Insider Transactions at Zscaler
In related news, CFO Kevin Rubin sold 503 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $147.12, for a total transaction of $74,001.36. Following the transaction, the chief financial officer directly owned 41,398 shares of the company’s stock, valued at approximately $6,090,473.76. This represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the firm’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 value of $363,865.54. Following the completion of the sale, the chief executive officer directly owned 343,038 shares of the company’s stock, valued at $43,370,294.34. This trade represents a 0.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 16,269 shares of company stock valued at $2,052,589. 17.20% of the stock is currently owned by corporate insiders.
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.
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