OMERS ADMINISTRATION Corp Takes $763,000 Position in Zscaler, Inc. $ZS

OMERS ADMINISTRATION Corp acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,407 shares of the company’s stock, valued at approximately $763,000.

A number of other large investors have also added to or reduced their stakes in the stock. Binnacle Investments Inc bought a new stake in shares of Zscaler in the third quarter worth $25,000. AlphaCentric Advisors LLC purchased a new position in Zscaler in the fourth quarter worth about $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Zscaler during the 4th quarter valued at about $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Zscaler during the 4th quarter valued at about $32,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Zscaler during the 1st quarter valued at about $33,000. Institutional investors own 46.45% of the company’s stock.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: A broad cybersecurity-sector re-rating lifted Zscaler and other previously underperforming security stocks. The First Trust NASDAQ Cybersecurity ETF also advanced strongly, suggesting investors are buying the group rather than focusing only on ZS. Cybersecurity sector re-rating
• Positive Sentiment: J.P. Morgan assigned Zscaler a “buy” or “overweight” view and raised its price target from $205 to $215. The higher target reinforces expectations for additional upside and was a direct bullish catalyst. J.P. Morgan upgrades Zscaler
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing. The investment provides exposure to a developer of self-improving AI models and supports Zscaler’s broader enterprise-AI positioning, although it is unlikely to materially affect near-term earnings. Deep Cogito financing
• Neutral Sentiment: Investors are awaiting Zscaler’s quarterly earnings announcement. The company previously exceeded consensus estimates for earnings and revenue, but the upcoming report must validate expectations for continued growth in cloud security and AI-related demand. Zscaler earnings announcement
• Negative Sentiment: Evercore placed Zscaler on its tactical “underperform” list ahead of results, indicating that valuation and elevated growth expectations could create downside risk if the earnings outlook disappoints. Evercore underperform view
• 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 about 1.2% and is a modest negative signal, though the planned nature and small size limit its significance. Zscaler CFO stock sale

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $187.30 on Friday. The company has a market capitalization of $30.29 billion, a P/E ratio of -390.20, a P/E/G ratio of 100.24 and a beta of 0.94. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The firm’s 50 day simple moving average is $155.00 and its two-hundred day simple moving average is $150.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $850.48 million during the quarter, compared to analysts’ expectations of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. Research analysts expect that Zscaler, Inc. will post 0.13 EPS for the current fiscal year.

Insider Activity

In other Zscaler news, CFO Kevin Rubin sold 3,000 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $124.22, for a total value of $372,660.00. Following the completion of the sale, the chief financial officer owned 41,901 shares in the company, valued at approximately $5,204,942.22. This represents a 6.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 2,817 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the completion of the transaction, the insider owned 42,314 shares in the company, valued at $5,187,696.40. The trade was a 6.24% 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 have sold a total of 16,772 shares of company stock worth $2,139,799 in the last quarter. Corporate insiders own 17.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Scotiabank lowered their price objective on shares of Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, May 27th. UBS Group reduced their target price on shares of Zscaler from $260.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Canaccord Genuity Group reiterated a “buy” rating and issued a $210.00 price target on shares of Zscaler in a research report on Thursday, June 11th. Sanford C. Bernstein dropped their price target on shares of Zscaler from $228.00 to $224.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $179.00 target price on shares of Zscaler in a research report on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $216.18.

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.