3,426 Shares in Zscaler, Inc. $ZS Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. bought a new position in Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,426 shares of the company’s stock, valued at approximately $484,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB raised its holdings in shares of Zscaler by 89.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company’s stock valued at $8,601,000 after purchasing an additional 28,792 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Zscaler by 6.6% in the second quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company’s stock valued at $27,284,000 after buying an additional 11,941 shares during the last quarter. Oxbow Advisors LLC acquired a new stake in shares of Zscaler in the fourth quarter valued at approximately $2,939,000. Qsemble Capital Management LP boosted its stake in shares of Zscaler by 105.5% during the 4th quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock worth $3,548,000 after acquiring an additional 8,099 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Zscaler by 44.3% during the 1st quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock worth $109,320,000 after acquiring an additional 239,326 shares during the period. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Performance

ZS opened at $184.23 on Friday. The business has a fifty day simple moving average of $156.19 and a 200 day simple moving average of $150.37. The company has a market capitalization of $29.79 billion, a PE ratio of -383.80, a price-to-earnings-growth ratio of 110.24 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 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 issued its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $850.48 million for 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 company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. Research analysts expect that Zscaler, Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. B. Riley Financial dropped their price target on Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. KeyCorp upped their price objective on shares of Zscaler from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Weiss Ratings raised shares of Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. Piper Sandler cut their target price on shares of Zscaler from $185.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Zscaler from $185.00 to $175.00 and set a “buy” rating for the company in a research note 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.18.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: J.P. Morgan initiated or reiterated a Buy rating on Zscaler and raised its price target to $215 from $205, suggesting meaningful upside and confidence in the company’s long-term cloud-security growth. Zscaler gets a Buy from J.P. Morgan
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing for research into self-improving artificial-intelligence models. The investment could strengthen Zscaler’s exposure to enterprise AI, although it is unlikely to materially affect near-term earnings. Deep Cogito raises $43 million Series A
• Positive Sentiment: A broader cybersecurity re-rating has lifted previously lagging stocks, with Zscaler benefiting from increased investor interest in security software and AI-related growth. The move was accompanied by a strong gain in the First Trust NASDAQ Cybersecurity ETF. Cybersecurity re-rating reaches lagging stocks
• Neutral Sentiment: Zscaler is expected to report quarterly results on Thursday. Its prior quarter featured a revenue and adjusted EPS beat, with revenue up 25.4% year over year, but investors will look for sustained billings, guidance, and AI-driven demand before extending the recent rally. Zscaler expected to announce quarterly earnings
• Neutral Sentiment: The broader market may remain sensitive to next week’s August jobs report and its implications for Federal Reserve policy, interest rates, and valuation multiples for high-growth technology stocks. August jobs report takes center stage
• 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 only about 1.2%, making it a limited sentiment concern rather than a fundamental warning. Zscaler CFO sells stock

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 503 shares of Zscaler stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total transaction of $87,210.14. Following the completion of the sale, the chief financial officer owned 40,895 shares of the company’s stock, valued at $7,090,375.10. This trade represents a 1.22% 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. Insiders sold a total of 16,772 shares of company stock worth $2,139,799 over the last ninety days. Corporate insiders own 17.20% of the company’s stock.

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.