Beacon Pointe Advisors LLC Invests $5.92 Million in Zscaler, Inc. $ZS

Beacon Pointe Advisors LLC bought a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 41,952 shares of the company's stock, valued at approximately $5,922,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Zscaler in the second quarter valued at $1,396,028,000. First Trust Advisors LP lifted its holdings in Zscaler by 36.2% in the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company's stock valued at $493,635,000 after purchasing an additional 935,781 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Zscaler by 43.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company's stock worth $578,576,000 after purchasing an additional 777,414 shares during the last quarter. State Street Corp grew its holdings in shares of Zscaler by 3.4% during the fourth quarter. State Street Corp now owns 2,337,604 shares of the company's stock worth $525,774,000 after buying an additional 77,800 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Zscaler by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company's stock valued at $464,783,000 after buying an additional 98,140 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Sanford C. Bernstein reduced their price objective on shares of Zscaler from $228.00 to $224.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 27th. B. Riley Financial lowered their target price on shares of Zscaler from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Wednesday, May 27th. Mizuho boosted their price target on Zscaler from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Barclays increased their price target on Zscaler from $170.00 to $192.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Berenberg Bank set a $200.00 price objective on Zscaler in a research report on Thursday, May 28th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Zscaler currently has an average rating of "Moderate Buy" and an average price target of $216.18.

Insider Buying and Selling at Zscaler

In related news, insider Adam Geller sold 2,817 shares of the company's stock in a transaction 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 directly owned 42,314 shares of the company's stock, valued at approximately $5,187,696.40. This represents a 6.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 3,000 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $124.22, for a total value of $372,660.00. Following the completion of the sale, the chief financial officer owned 41,901 shares of the company's stock, valued at approximately $5,204,942.22. This represents a 6.68% decrease in their ownership of the stock. 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 90 days, insiders have sold 16,772 shares of company stock worth $2,139,799. Insiders own 17.20% of the company's stock.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: J.P. Morgan initiated or reiterated a Buy rating on Zscaler and raised its price target to $215 from $205, suggesting meaningful upside and confidence in the company’s long-term cloud-security growth. Zscaler gets a Buy from J.P. Morgan
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing for research into self-improving artificial-intelligence models. The investment could strengthen Zscaler’s exposure to enterprise AI, although it is unlikely to materially affect near-term earnings. Deep Cogito raises $43 million Series A
• Positive Sentiment: A broader cybersecurity re-rating has lifted previously lagging stocks, with Zscaler benefiting from increased investor interest in security software and AI-related growth. The move was accompanied by a strong gain in the First Trust NASDAQ Cybersecurity ETF. Cybersecurity re-rating reaches lagging stocks
• Neutral Sentiment: Zscaler is expected to report quarterly results on Thursday. Its prior quarter featured a revenue and adjusted EPS beat, with revenue up 25.4% year over year, but investors will look for sustained billings, guidance, and AI-driven demand before extending the recent rally. Zscaler expected to announce quarterly earnings
• Neutral Sentiment: The broader market may remain sensitive to next week’s August jobs report and its implications for Federal Reserve policy, interest rates, and valuation multiples for high-growth technology stocks. August jobs report takes center stage
• 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 only about 1.2%, making it a limited sentiment concern rather than a fundamental warning. Zscaler CFO sells stock

Zscaler Price Performance

ZS opened at $184.23 on Friday. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The company has a 50 day moving average of $156.19 and a two-hundred day moving average of $150.37. The company has a market cap of $29.79 billion, a P/E ratio of -383.80, a P/E/G ratio of 108.44 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.

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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