Zscaler, Inc. $ZS Shares Bought by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Zscaler, Inc. by 117.8%, owning 102,714 shares worth approximately $20.38 million at the end of the last quarter.
• Insider selling activity was noted, with Robert Schlossman selling 4,618 shares for about $1.39 million and Syam Nair selling 4,064 shares for approximately $1.23 million.
• Wall Street analysts have shown strong support for Zscaler, with numerous upgrades, including Wells Fargo raising the price target from $260 to $385 and an overall consensus rating of "Moderate Buy".

Canada Pension Plan Investment Board grew its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 117.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 102,714 shares of the company's stock after acquiring an additional 55,547 shares during the period. Canada Pension Plan Investment Board owned about 0.07% of Zscaler worth $20,381,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. grew its holdings in Zscaler by 4.7% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company's stock worth $222,000 after acquiring an additional 50 shares in the last quarter. Cerity Partners LLC raised its position in Zscaler by 0.3% in the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock valued at $4,549,000 after purchasing an additional 68 shares during the last quarter. Koshinski Asset Management Inc. raised its position in Zscaler by 2.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company's stock valued at $556,000 after purchasing an additional 70 shares during the last quarter. Choreo LLC raised its position in Zscaler by 2.7% in the 1st quarter. Choreo LLC now owns 2,909 shares of the company's stock valued at $577,000 after purchasing an additional 76 shares during the last quarter. Finally, GSB Wealth Management LLC raised its position in Zscaler by 3.5% during the 1st quarter. GSB Wealth Management LLC now owns 2,395 shares of the company's stock worth $475,000 after buying an additional 80 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Adam Geller sold 3,662 shares of Zscaler stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $306.72, for a total value of $1,123,208.64. Following the completion of the transaction, the insider owned 46,813 shares of the company's stock, valued at $14,358,483.36. The trade was a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Robert Schlossman sold 3,174 shares of Zscaler stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $305.07, for a total transaction of $968,292.18. Following the completion of the transaction, the insider directly owned 88,970 shares of the company's stock, valued at approximately $27,142,077.90. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,305 shares of company stock valued at $43,199,936. Corporate insiders own 18.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial restated a "buy" rating and set a $300.00 price objective (up previously from $260.00) on shares of Zscaler in a research report on Friday, May 30th. Mizuho increased their price objective on shares of Zscaler from $275.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Stephens reissued an "overweight" rating and issued a $255.00 price objective on shares of Zscaler in a research note on Tuesday, May 27th. FBN Securities raised shares of Zscaler to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Stifel Nicolaus raised their price target on shares of Zscaler from $295.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $306.00.

Zscaler Stock Down 1.5%

Shares of ZS traded down $3.99 during mid-day trading on Wednesday, reaching $270.58. 6,032,082 shares of the stock traded hands, compared to its average volume of 1,178,785. The firm has a market cap of $42.13 billion, a price-to-earnings ratio of -1,040.69, a P/E/G ratio of 259.58 and a beta of 1.05. The stock has a fifty day simple moving average of $287.03 and a 200 day simple moving average of $250.11. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same quarter last year, the firm posted $0.88 earnings per share. The business's quarterly revenue was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, equities research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Zscaler 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.