10,230 Shares of Zscaler, Inc. $ZS Bought by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group bought 10,230 Zscaler shares worth approximately $2.04 million in the third quarter. Institutional investors collectively own 46.45% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $240.14; recent targets ranged as high as $250.
• Zscaler’s latest quarterly results exceeded expectations, reporting $1.19 in earnings per share and $898.19 million in revenue, up 24.9% year over year. The stock opened at $260.45, near the upper end of its 12-month range.

Citizens Financial Group Inc. RI bought a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,230 shares of the company's stock, valued at approximately $2,040,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quintet Private Bank Europe S.A. lifted its stake in Zscaler by 4.5% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 1,170 shares of the company's stock valued at $233,000 after buying an additional 50 shares in the last quarter. Triumph Capital Management increased its position in shares of Zscaler by 6.3% during the 3rd quarter. Triumph Capital Management now owns 923 shares of the company's stock valued at $184,000 after purchasing an additional 55 shares during the period. NFSG Corp grew its holdings in shares of Zscaler by 2.6% during the third quarter. NFSG Corp now owns 2,437 shares of the company's stock valued at $486,000 after buying an additional 62 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Zscaler by 18.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 417 shares of the company's stock valued at $59,000 after buying an additional 66 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings in Zscaler by 84.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 153 shares of the company's stock worth $31,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Zscaler from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Friday, September 4th. BMO Capital Markets boosted their price objective on Zscaler from $178.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, September 4th. Zacks Research raised shares of Zscaler from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $236.00 price target on shares of Zscaler in a research report on Wednesday, October 7th. Finally, Jefferies Financial Group raised their price target on Zscaler from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, October 7th. Thirty-seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $240.14.

Zscaler Stock Up 2.1%

Zscaler stock opened at $260.45 on Tuesday. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The company has a market capitalization of $42.47 billion, a PE ratio of -667.82, a PEG ratio of 24.52 and a beta of 0.94. The firm's fifty day moving average is $198.76 and its 200 day moving average is $167.03. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.10. The business had revenue of $898.19 million for the quarter, compared to analysts' expectations of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The firm's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, sell-side analysts predict that Zscaler, Inc. will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director James A. Beer sold 177 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $192.01, for a total value of $33,985.77. Following the sale, the director directly owned 4,030 shares of the company's stock, valued at approximately $773,800.30. This represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 1,042 shares of the company's stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $235.95, for a total transaction of $245,859.90. Following the completion of the transaction, the insider owned 38,308 shares in the company, valued at approximately $9,038,772.60. This represents a 2.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 53,550 shares of company stock valued at $11,182,875. 17.20% of the stock is owned by insiders.

Zscaler Company Profile

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company's offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization's network to users.

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