Bamco Inc. NY Buys Shares of 140,953 Zscaler, Inc. $ZS

Bamco Inc. NY purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 140,953 shares of the company's stock, valued at approximately $19,896,000. Bamco Inc. NY owned 0.09% of Zscaler at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZS. Bank of America Corp DE purchased a new position in shares of Zscaler in the second quarter worth approximately $62,686,000. Caisse de depot et placement du Quebec bought a new position in shares of Zscaler in the second quarter worth about $31,141,000. Man Group plc bought a new position in shares of Zscaler during the 2nd quarter valued at approximately $29,480,000. Jupiter Topco LLC purchased a new stake in Zscaler in the 2nd quarter worth approximately $1,498,000. Finally, Wedbush Fund Advisers LLC increased its holdings in Zscaler by 36.8% in the 2nd quarter. Wedbush Fund Advisers LLC now owns 146,077 shares of the company's stock worth $20,619,000 after acquiring an additional 39,296 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zscaler

In other news, insider Adam Geller sold 2,817 shares of Zscaler stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of 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 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, CEO Jagtar Singh Chaudhry sold 2,878 shares of the firm's 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 transaction, the chief executive officer owned 343,038 shares in the company, valued at $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 16,772 shares of company stock valued at $2,139,799. 17.20% of the stock is owned by insiders.

Zscaler Trading Up 10.0%

ZS stock opened at $187.30 on Friday. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The stock has a market capitalization of $30.29 billion, a price-to-earnings ratio of -390.20, a price-to-earnings-growth ratio of 100.24 and a beta of 0.94. 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 firm's fifty day simple moving average is $155.00 and its two-hundred day simple moving average is $150.13.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ZS. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Zscaler in a research note on Tuesday, June 9th. HC Wainwright raised shares of Zscaler from a "buy" rating to a "buy" rating in a report on Monday, May 18th. KeyCorp upped their target price on shares of Zscaler from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, August 21st. Barclays raised their target price on shares of Zscaler from $170.00 to $192.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Morgan Stanley reduced their price target on shares of Zscaler from $155.00 to $145.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Zscaler presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.18.

Trending Headlines about Zscaler

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

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.

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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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