Ovata Capital Management Ltd Purchases New Stake in Zscaler, Inc. $ZS

Ovata Capital Management Ltd purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,880 shares of the company’s stock, valued at approximately $873,000.

A number of other institutional investors also recently bought and sold shares of ZS. Binnacle Investments Inc purchased a new stake in Zscaler during the third quarter worth $25,000. Picton Mahoney Asset Management purchased a new stake in Zscaler during the third quarter worth $30,000. Family CFO Inc purchased a new stake in Zscaler during the fourth quarter worth $34,000. Missouri Trust & Investment Co boosted its position in Zscaler by 1,460.0% during the third quarter. Missouri Trust & Investment Co now owns 156 shares of the company’s stock worth $47,000 after purchasing an additional 146 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in Zscaler by 26,100.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 262 shares of the company’s stock worth $59,000 after purchasing an additional 261 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Berenberg Bank set a $200.00 target price on Zscaler in a research report on Thursday, May 28th. Piper Sandler decreased their target price on Zscaler from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. B. Riley Financial decreased their target price on Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Truist Financial set a $210.00 target price on Zscaler in a research report 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-three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average target price of $216.03.

Zscaler Stock Performance

Zscaler stock opened at $135.26 on Friday. The firm has a market capitalization of $21.87 billion, a P/E ratio of -281.79 and a beta of 0.97. 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 stock has a fifty day moving average price of $143.79 and a 200 day moving average price of $183.80. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The firm’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Equities research analysts anticipate that Zscaler, Inc. will post -0.03 earnings per share for the current year.

Insider Activity at Zscaler

In other Zscaler news, insider Adam Geller sold 2,094 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total transaction of $321,491.82. Following the completion of the sale, the insider directly owned 46,949 shares in the company, valued at $7,208,079.97. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Raj Judge sold 2,488 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $389,595.92. Following the sale, the executive vice president owned 67,906 shares of the company’s stock, valued at $10,633,400.54. This represents a 3.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,130 shares of company stock valued at $1,892,487 over the last three months. Insiders own 17.20% of the company’s stock.

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.