Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 724,557 Zscaler, Inc. $ZS

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 724,557 shares of the company's stock, valued at approximately $102,271,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.45% of Zscaler at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ZS. Binnacle Investments Inc purchased a new position in Zscaler during the 3rd quarter valued at about $25,000. AlphaCentric Advisors LLC purchased a new stake in Zscaler in the 4th quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Zscaler in the 4th quarter worth approximately $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Zscaler in the 4th quarter worth approximately $32,000. Finally, Western Wealth Management LLC purchased a new position in shares of Zscaler during the first quarter valued at approximately $33,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: KeyBanc raised its price target to $210 from a lower prior target, citing what it views as a valuation discount and potential for the cybersecurity company to regain investor confidence. KeyBanc upgrades Zscaler price target
• Positive Sentiment: Additional bullish analyst actions supported the stock. Mizuho lifted its price target to $210, Stifel Nicolaus raised its target to $200, and Cantor Fitzgerald assigned Zscaler an “Overweight” rating. The actions suggest Wall Street sees upside despite the stock’s sharp decline from its 52-week high. Mizuho raises Zscaler price target Stifel raises Zscaler price target Cantor Fitzgerald rates Zscaler Overweight
• Positive Sentiment: Rising AI-driven cyber threats reinforce demand for Zscaler’s platform. NTT DATA CEO Abhijit Dubey said frontier AI is making attacks more sophisticated, expanding the attack surface, and accelerating attacks to machine speed—an industry trend that could increase demand for cloud-based zero-trust security. AI and cybersecurity threats
• Positive Sentiment: Zscaler’s expanded Carahsoft partnership targets U.S. small and midsize businesses with standardized bundles, simpler pricing, and broader partner enablement. The initiative could diversify Zscaler’s customer base and create an additional growth channel beyond large enterprises. Zscaler and Carahsoft SMB partnership
• Negative Sentiment: AI-lab IPO speculation remains a risk to sentiment. Reports that Anthropic may pursue a massive public offering renewed concerns that investors could redirect capital from enterprise software stocks toward AI companies, contributing to recent pressure on Zscaler. Zscaler and AI IPO concerns

Insider Buying and Selling at Zscaler

In related news, CFO Kevin Rubin sold 503 shares of Zscaler stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $147.12, for a total transaction of $74,001.36. Following the completion of the transaction, the chief financial officer directly owned 41,398 shares of the company's stock, valued at $6,090,473.76. This trade represents a 1.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $363,865.54. Following the sale, the chief executive officer directly owned 343,038 shares in the company, valued at $43,370,294.34. The trade was a 0.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 16,269 shares of company stock worth $2,052,589. Corporate insiders own 17.20% of the company's stock.

Wall Street Analysts Forecast Growth

ZS has been the subject of a number of recent analyst reports. Scotiabank decreased their target price on Zscaler from $190.00 to $175.00 and set a "sector outperform" rating for the company in a report on Wednesday, May 27th. B. Riley Financial cut their price target on shares of Zscaler from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, May 27th. Citizens Jmp reduced their price objective on shares of Zscaler from $290.00 to $210.00 and set a "market outperform" rating on the stock in a research report on Friday, May 1st. Evercore set a $155.00 price objective on shares of Zscaler and gave the stock an "in-line" rating in a report on Wednesday, May 27th. Finally, FBN Securities reaffirmed an "outperform" rating and issued a $175.00 target price on shares of Zscaler in a research report on Wednesday, May 27th. Thirty-four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $215.36.

Zscaler Trading Down 0.0%

ZS opened at $181.74 on Monday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99. The stock has a market cap of $29.39 billion, a PE ratio of -378.62, a PEG ratio of 106.97 and a beta of 0.94. The business has a 50 day moving average of $151.10 and a 200-day moving average of $150.19.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $850.48 million for the quarter, compared to analysts' expectations of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The firm's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 earnings per share. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Equities research analysts predict that Zscaler, Inc. will post 0.13 earnings per share for the current fiscal year.

Zscaler Profile

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source