Aberdeen Group plc Purchases 3,842 Shares of Zscaler, Inc. $ZS

Key Points

• Aberdeen Group plc increased its stake in Zscaler, Inc. by 6.6%, acquiring an additional 3,842 shares during the second quarter, bringing its total holdings to 61,673 shares valued at approximately $19.36 million.
• Insider Robert Schlossman sold 7,006 shares of Zscaler stock for over $2.14 million, reducing his ownership by 8.43%, while the company's insiders collectively sold 39,884 shares valued at over $11.4 million in the last three months.
• Wall Street analysts are optimistic about Zscaler's outlook, with multiple firms raising their price targets, and the average target price currently sits at $307.43 with a consensus rating of "Moderate Buy."

Aberdeen Group plc increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,673 shares of the company's stock after purchasing an additional 3,842 shares during the period. Aberdeen Group plc's holdings in Zscaler were worth $19,362,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Lmcg Investments LLC grew its stake in shares of Zscaler by 2.8% during the second quarter. Lmcg Investments LLC now owns 19,728 shares of the company's stock worth $6,193,000 after purchasing an additional 544 shares during the period. Blue Trust Inc. grew its stake in shares of Zscaler by 2,115.1% during the second quarter. Blue Trust Inc. now owns 1,174 shares of the company's stock worth $369,000 after purchasing an additional 1,121 shares during the period. Shikiar Asset Management Inc. grew its stake in shares of Zscaler by 204.4% during the second quarter. Shikiar Asset Management Inc. now owns 21,965 shares of the company's stock worth $6,896,000 after purchasing an additional 14,750 shares during the period. Mengis Capital Management Inc. acquired a new stake in shares of Zscaler during the second quarter worth $211,000. Finally, Stonebridge Financial Group LLC grew its stake in shares of Zscaler by 19,200.0% during the second quarter. Stonebridge Financial Group LLC now owns 772 shares of the company's stock worth $242,000 after purchasing an additional 768 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 7,006 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the transaction, the insider directly owned 76,132 shares of the company's stock, valued at $23,263,655.24. This represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares of the company's stock, valued at $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,884 shares of company stock valued at $11,406,825 over the last three months. 18.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ZS shares. BMO Capital Markets lifted their price objective on Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. Royal Bank Of Canada boosted their target price on Zscaler from $335.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Scotiabank decreased their target price on Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a research note on Wednesday, September 3rd. Needham & Company LLC reissued a "buy" rating and issued a $350.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, Susquehanna boosted their target price on Zscaler from $320.00 to $340.00 and gave the company a "positive" rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $307.43.

Zscaler Stock Up 1.0%

ZS stock opened at $313.04 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market capitalization of $49.55 billion, a P/E ratio of -1,159.41 and a beta of 1.06. The business has a 50-day moving average of $284.81 and a 200-day moving average of $268.53. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $319.89.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $719.23 million during the quarter, compared to analysts' expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.Zscaler's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, sell-side analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.

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