Curi RMB Capital LLC Boosts Stake in Zscaler, Inc. $ZS

Key Points

• Curi RMB Capital LLC increased its stake in Zscaler, Inc. by 38.9% during the first quarter, owning 34,705 shares valued at approximately $6.89 million.
• A number of analysts have raised their price targets for Zscaler, with the current average target set at $307.00 and several firms issuing "buy" and "overweight" ratings.
• Insiders sold a total of 143,305 shares worth over $43 million in the last ninety days, reflecting a significant decrease in their holdings.

Curi RMB Capital LLC boosted its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 38.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,705 shares of the company's stock after buying an additional 9,712 shares during the quarter. Curi RMB Capital LLC's holdings in Zscaler were worth $6,886,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ZS. ORG Partners LLC lifted its stake in Zscaler by 284.8% in the 1st quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after buying an additional 94 shares in the last quarter. SVB Wealth LLC acquired a new position in Zscaler in the first quarter valued at about $26,000. Colonial Trust Co SC purchased a new position in shares of Zscaler during the fourth quarter worth $28,000. Goodman Advisory Group LLC acquired a new stake in Zscaler during the 1st quarter worth approximately $29,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Zscaler in the first quarter valued at $29,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on ZS shares. Mizuho increased their price objective on Zscaler from $275.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Morgan Stanley upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $280.00 to $320.00 in a report on Tuesday. UBS Group decreased their price objective on Zscaler from $365.00 to $350.00 and set a "buy" rating on the stock in a report on Wednesday. Evercore ISI increased their price objective on shares of Zscaler from $290.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, KeyCorp raised their target price on Zscaler from $345.00 to $350.00 and gave the company an "overweight" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and an average price target of $307.00.

Zscaler Stock Down 0.9%

Zscaler stock opened at $268.25 on Friday. The stock has a market cap of $41.77 billion, a P/E ratio of -993.52, a P/E/G ratio of 250.14 and a beta of 1.05. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $318.46. The company's fifty day simple moving average is $286.12 and its 200-day simple moving average is $250.49.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.09. The business had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.49%. Zscaler's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. 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.

Insiders Place Their Bets

In other news, insider Robert Schlossman sold 3,590 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $1,090,283.00. Following the sale, the insider directly owned 92,144 shares of the company's stock, valued at approximately $27,984,132.80. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ajay Mangal sold 120,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $300.89, for a total value of $36,106,800.00. Following the transaction, the insider directly owned 2,550,210 shares of the company's stock, valued at $767,332,686.90. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,305 shares of company stock worth $43,199,936 in the last ninety days. 18.10% of the stock is owned by insiders.

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.

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