Canada Pension Plan Investment Board Acquires Shares of 183,225 Zscaler, Inc. $ZS

Canada Pension Plan Investment Board bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 183,225 shares of the company’s stock, valued at approximately $25,862,000.

Other institutional investors have also made changes to their positions in the company. Binnacle Investments Inc acquired a new stake in Zscaler during the 3rd quarter valued at $25,000. AlphaCentric Advisors LLC acquired a new position in shares of Zscaler in the fourth quarter valued at $29,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Zscaler in the fourth quarter valued at about $30,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Zscaler during the 4th quarter worth about $32,000. Finally, Strive Financial Group LLC bought a new stake in shares of Zscaler during the 4th quarter worth about $39,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Price Performance

Shares of Zscaler stock opened at $184.23 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $29.79 billion, a price-to-earnings ratio of -383.80, a price-to-earnings-growth ratio of 110.24 and a beta of 0.94. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The company has a 50-day simple moving average of $156.19 and a two-hundred day simple moving average of $150.37.

Zscaler (NASDAQ:ZS) last announced its earnings results 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. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The firm had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was up 25.4% compared to the same quarter last year. Analysts forecast that Zscaler, Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on ZS shares. Stephens reiterated an “overweight” rating and issued a $200.00 price target on shares of Zscaler in a research note on Friday, June 12th. B. Riley Financial cut their price objective on shares of Zscaler from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Sanford C. Bernstein reduced their price objective on Zscaler from $228.00 to $224.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Barclays upped their target price on Zscaler from $170.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, HC Wainwright upgraded Zscaler from a “buy” rating to a “buy” rating in a research note on Monday, May 18th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and an average target price of $216.18.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,878 shares of Zscaler stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $363,865.54. Following the completion of the transaction, the chief executive officer directly owned 343,038 shares of the company’s stock, valued at $43,370,294.34. The trade was a 0.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the sale, the insider owned 42,314 shares of the company’s stock, valued at approximately $5,187,696.40. The trade was a 6.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 16,772 shares of company stock valued at $2,139,799. 17.20% of the stock is currently owned by corporate insiders.

Trending Headlines about Zscaler

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

Zscaler 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.