Full Sail Capital LLC Takes Position in Zscaler, Inc. $ZS

Key Points

• Full Sail Capital LLC has acquired a new stake in Zscaler, Inc., purchasing 1,059 shares valued at approximately $210,000 during the first quarter.
• Zscaler reported $0.84 earnings per share for the last quarter, surpassing analyst expectations by $0.08, and experienced a 22.6% year-over-year revenue growth with total revenue of $678.03 million.
• Research analysts have optimistic views on Zscaler, with multiple firms raising their price targets, the consensus rating being "Moderate Buy," and a consensus price target of $297.12.

Full Sail Capital LLC purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,059 shares of the company's stock, valued at approximately $210,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Zscaler by 43.1% during the 1st quarter. GAMMA Investing LLC now owns 641 shares of the company's stock valued at $127,000 after acquiring an additional 193 shares during the period. Allworth Financial LP lifted its position in Zscaler by 47.4% during the 1st quarter. Allworth Financial LP now owns 1,002 shares of the company's stock valued at $211,000 after acquiring an additional 322 shares during the period. Krane Funds Advisors LLC lifted its position in Zscaler by 36.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,667 shares of the company's stock valued at $331,000 after acquiring an additional 445 shares during the period. Merit Financial Group LLC lifted its position in Zscaler by 42.0% during the 1st quarter. Merit Financial Group LLC now owns 6,197 shares of the company's stock valued at $1,230,000 after acquiring an additional 1,832 shares during the period. Finally, National Pension Service lifted its position in Zscaler by 11.2% during the 1st quarter. National Pension Service now owns 171,847 shares of the company's stock valued at $34,098,000 after acquiring an additional 17,342 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Down 1.0%

ZS opened at $269.66 on Tuesday. The firm has a 50 day moving average price of $291.66 and a 200-day moving average price of $247.59. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $318.46. The stock 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.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The firm had revenue of $678.03 million during the quarter, compared to analysts' expectations of $667.13 million. During the same period in the previous year, the company earned $0.88 earnings per share. The firm's quarterly revenue was up 22.6% on a year-over-year basis. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. As a group, analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BNP Paribas raised shares of Zscaler from a "neutral" rating to an "outperform" rating and set a $260.00 price target for the company in a research report on Monday, April 28th. Oppenheimer lifted their price target on shares of Zscaler from $290.00 to $345.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. BMO Capital Markets lifted their target price on shares of Zscaler from $233.00 to $295.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Stifel Nicolaus lifted their target price on shares of Zscaler from $270.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Stephens reaffirmed an "overweight" rating and issued a $255.00 target price on shares of Zscaler in a report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $297.12.

Insider Activity

In other news, insider Robert Schlossman sold 4,618 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were 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 $28,683,600. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew William Fraser Brown sold 20,333 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $296.72, for a total transaction of $6,033,207.76. Following the transaction, the director directly owned 27,216 shares of the company's stock, valued at $8,075,531.52. The trade was a 42.76% 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 over the last three months. Corporate insiders own 18.10% of the company's stock.

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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