FORA Capital LLC Takes $4.46 Million Position in Zscaler, Inc. $ZS

Key Points

• FORA Capital LLC has acquired a new stake in Zscaler, Inc., purchasing 22,469 shares valued at approximately $4.46 million during the first quarter.
• Other major institutional investors like Vanguard Group Inc. and Goldman Sachs Group Inc. also increased their stakes in Zscaler, reflecting growing interest with 46.45% of the stock now held by institutional investors.
• Despite a solid quarterly earnings report, Zscaler's stock faces fluctuations, currently priced at about $269.66, with an average price target of $297.12 according to analysts.

FORA Capital LLC acquired a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 22,469 shares of the company's stock, valued at approximately $4,458,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Zscaler by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company's stock valued at $1,962,474,000 after purchasing an additional 294,034 shares during the period. Goldman Sachs Group Inc. raised its stake in Zscaler by 23.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company's stock worth $604,831,000 after buying an additional 578,883 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in Zscaler during the 1st quarter worth approximately $516,622,000. AQR Capital Management LLC raised its stake in Zscaler by 120.1% during the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock worth $173,921,000 after buying an additional 525,956 shares during the period. Finally, Nuveen LLC acquired a new position in Zscaler during the 1st quarter worth approximately $153,340,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 4,618 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $300.00, for a total transaction of $1,385,400.00. Following the completion of the transaction, the insider directly owned 95,612 shares of the company's stock, valued at approximately $28,683,600. This represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Syam Nair sold 4,064 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $1,234,236.80. Following the transaction, the insider directly owned 106,659 shares of the company's stock, valued at approximately $32,392,338.30. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,256 shares of company stock valued at $50,618,544 in the last quarter. Insiders own 18.10% of the company's stock.

Analyst Ratings Changes

ZS has been the topic of a number of research reports. Susquehanna upped their price target on Zscaler from $245.00 to $320.00 and gave the stock a "positive" rating in a research note on Friday, May 30th. Needham & Company LLC upped their price target on Zscaler from $240.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Guggenheim reaffirmed a "neutral" rating on shares of Zscaler in a research note on Friday, May 30th. JMP Securities upped their price target on Zscaler from $310.00 to $355.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 1st. Finally, Royal Bank Of Canada increased their price objective on Zscaler from $288.00 to $304.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $297.12.

Zscaler Trading Down 1.0%

Shares of ZS opened at $269.66 on Tuesday. The company has a market capitalization of $41.99 billion, a price-to-earnings ratio of -1,037.15, a PEG ratio of 290.68 and a beta of 1.06. The stock has a 50 day moving average of $291.66 and a 200 day moving average of $247.59. 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 issued its quarterly earnings results on Thursday, May 29th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. The company had revenue of $678.03 million during the quarter, compared to the consensus estimate of $667.13 million. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%.Zscaler's revenue was up 22.6% on a year-over-year basis. During the same period last year, the business posted $0.88 earnings per share. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Zscaler Company 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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