Mengis Capital Management Inc. Invests $211,000 in Zscaler, Inc. $ZS

Mengis Capital Management Inc. acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 671 shares of the company’s stock, valued at approximately $211,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Zscaler by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after acquiring an additional 294,034 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Zscaler by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after buying an additional 578,883 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Zscaler in the first quarter worth $516,622,000. AQR Capital Management LLC boosted its position in shares of Zscaler by 23.6% in the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company’s stock worth $234,715,000 after buying an additional 227,899 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Zscaler in the first quarter worth $153,340,000. 46.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the completion of the sale, the chief executive officer owned 350,700 shares of the company’s stock, valued at $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total value of $2,140,823.42. Following the transaction, the insider directly owned 76,132 shares of the company’s stock, valued at $23,263,655.24. This represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,884 shares of company stock worth $11,406,825 over the last ninety days. 18.10% of the stock is currently owned by corporate insiders.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $309.88 on Friday. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $319.89. The business has a 50-day moving average of $284.27 and a two-hundred day moving average of $267.00. The stock has a market capitalization of $49.05 billion, a P/E ratio of -1,147.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company had revenue of $719.23 million during the quarter, compared to analysts’ expectations of $707.15 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, equities research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZS. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Zacks Research raised Zscaler from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. KeyCorp raised their target price on Zscaler from $345.00 to $350.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. BTIG Research reaffirmed a “buy” rating on shares of Zscaler in a research report on Thursday, July 10th. Finally, Piper Sandler raised their target price on Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and an average price target of $307.43.

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.