Oak Ridge Investments LLC Purchases Shares of 1,297 Zscaler, Inc. $ZS

Oak Ridge Investments LLC purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,297 shares of the company’s stock, valued at approximately $407,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parisi Gray Wealth Management bought a new stake in Zscaler in the second quarter valued at $801,000. GAMMA Investing LLC increased its stake in Zscaler by 43.1% in the first quarter. GAMMA Investing LLC now owns 641 shares of the company’s stock valued at $127,000 after purchasing an additional 193 shares in the last quarter. Howe & Rusling Inc. increased its stake in Zscaler by 17.1% in the first quarter. Howe & Rusling Inc. now owns 24,672 shares of the company’s stock valued at $4,895,000 after purchasing an additional 3,611 shares in the last quarter. Focus Partners Wealth increased its stake in Zscaler by 2.5% in the first quarter. Focus Partners Wealth now owns 62,083 shares of the company’s stock valued at $12,319,000 after purchasing an additional 1,517 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Zscaler by 47.4% during the first quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock worth $211,000 after acquiring an additional 322 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Down 1.7%

Zscaler stock opened at $309.88 on Monday. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $319.89. The stock has a market cap of $49.05 billion, a PE ratio of -1,147.70 and a beta of 1.06. The firm’s 50-day simple moving average is $284.27 and its 200 day simple moving average is $267.79. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The business had revenue of $719.23 million for the quarter, compared to analysts’ expectations of $707.15 million. During the same period in the previous year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Zscaler from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 3rd. JMP Securities reissued a “market outperform” rating and set a $355.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Canaccord Genuity Group boosted their target price on shares of Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. UBS Group decreased their target price on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Zscaler from $348.00 to $351.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. One investment 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. Based on data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average target price of $307.43.

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 7,006 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were 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 in the company, valued at $23,263,655.24. The trade was a 8.43% 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. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the transaction, the chief executive officer owned 350,700 shares in the company, valued at approximately $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,884 shares of company stock valued at $11,406,825 in the last three months. Insiders own 18.10% of the company’s stock.

Zscaler Company 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.