Algert Global LLC Has $5.95 Million Position in Zscaler, Inc. $ZS

Algert Global LLC boosted its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 711.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,119 shares of the company's stock after acquiring an additional 36,929 shares during the quarter. Algert Global LLC's holdings in Zscaler were worth $5,945,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ally Financial Inc. bought a new position in Zscaler during the second quarter worth about $1,129,000. Portland Investment Counsel Inc. bought a new stake in shares of Zscaler in the 2nd quarter valued at approximately $237,000. Cibc World Market Inc. bought a new stake in shares of Zscaler in the 2nd quarter valued at approximately $1,546,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Zscaler in the 2nd quarter worth approximately $763,000. Finally, Osmosis Investment Management UK Ltd acquired a new position in shares of Zscaler in the 2nd quarter worth approximately $245,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the company'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 owned 343,038 shares in the company, valued at $43,370,294.34. This represents a 0.83% decrease in their position. The sale was disclosed in a 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 stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the sale, the insider directly owned 42,314 shares in the company, valued at approximately $5,187,696.40. This represents a 6.24% 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 ninety days, insiders sold 16,772 shares of company stock valued at $2,139,799. 17.20% of the stock is owned by corporate insiders.

Zscaler Price Performance

Zscaler stock opened at $187.30 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $30.29 billion, a P/E ratio of -390.20, a P/E/G ratio of 100.24 and a beta of 0.94. The business's fifty day moving average is $155.00 and its two-hundred day moving average is $150.13. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The company had revenue of $850.48 million for the quarter, compared to analysts' expectations of $835.14 million. During the same quarter in the prior year, the business earned $0.84 earnings per share. The business's revenue for the quarter was up 25.4% on a year-over-year basis. Equities research analysts forecast that Zscaler, Inc. will post 0.13 earnings per share for the current fiscal year.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: A broad cybersecurity-sector re-rating lifted Zscaler and other previously underperforming security stocks. The First Trust NASDAQ Cybersecurity ETF also advanced strongly, suggesting investors are buying the group rather than focusing only on ZS. Cybersecurity sector re-rating
• Positive Sentiment: J.P. Morgan assigned Zscaler a “buy” or “overweight” view and raised its price target from $205 to $215. The higher target reinforces expectations for additional upside and was a direct bullish catalyst. J.P. Morgan upgrades Zscaler
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing. The investment provides exposure to a developer of self-improving AI models and supports Zscaler’s broader enterprise-AI positioning, although it is unlikely to materially affect near-term earnings. Deep Cogito financing
• Neutral Sentiment: Investors are awaiting Zscaler’s quarterly earnings announcement. The company previously exceeded consensus estimates for earnings and revenue, but the upcoming report must validate expectations for continued growth in cloud security and AI-related demand. Zscaler earnings announcement
• Negative Sentiment: Evercore placed Zscaler on its tactical “underperform” list ahead of results, indicating that valuation and elevated growth expectations could create downside risk if the earnings outlook disappoints. Evercore underperform view
• 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 about 1.2% and is a modest negative signal, though the planned nature and small size limit its significance. Zscaler CFO stock sale

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Zscaler in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on Zscaler from $185.00 to $175.00 and set a "buy" rating for the company in a research note on Wednesday, May 27th. Guggenheim reissued a "buy" rating and set a $214.00 price objective on shares of Zscaler in a report on Monday. TD Cowen boosted their target price on shares of Zscaler from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Finally, KeyCorp upped their target price on shares of Zscaler from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, August 21st. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $216.18.

About Zscaler

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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