Man Group plc Acquires Shares of 208,854 Zscaler, Inc. $ZS

Man Group plc acquired a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 208,854 shares of the company's stock, valued at approximately $29,480,000. Man Group plc owned 0.13% of Zscaler as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Binnacle Investments Inc acquired a new position in Zscaler in the 3rd quarter worth about $25,000. AlphaCentric Advisors LLC purchased a new stake in shares of Zscaler in the fourth quarter valued at approximately $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Zscaler during the 4th quarter worth approximately $30,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Zscaler during the 4th quarter valued at approximately $32,000. Finally, Western Wealth Management LLC acquired a new stake in Zscaler in the 1st quarter valued at $33,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: JPMorgan raised its price target on Zscaler from $205 to $215 and maintained an “overweight” rating, implying substantial upside from recent trading levels. Benzinga report
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing. The investment gives Zscaler exposure to a startup developing reinforcement-learning and self-improving AI models, potentially supporting the company’s broader AI and cybersecurity strategy. Deep Cogito funding announcement
• Positive Sentiment: Guggenheim reaffirmed its “Buy” rating, adding another supportive analyst opinion as investors assess Zscaler’s growth prospects. Guggenheim rating report
• Neutral Sentiment: Analyst sentiment is mixed ahead of earnings. Reports highlight strong AI-driven expectations across cybersecurity stocks, increasing the potential for volatility if Zscaler’s fiscal fourth-quarter results or outlook fall short. Cybersecurity stocks earnings report
• Negative Sentiment: Evercore added Zscaler to its tactical underperform list ahead of the fiscal fourth-quarter report, signaling concern that the stock’s valuation and elevated expectations may limit near-term upside. Evercore tactical underperform report
• Negative Sentiment: CFO Kevin Rubin sold 503 shares worth approximately $87,210 under a pre-arranged Rule 10b5-1 trading plan. The transaction was small relative to his remaining holdings and appears more routine than an indication of changing company fundamentals, but it can still attract modest selling scrutiny. SEC insider trading filing

Analyst Ratings Changes

A number of research firms have weighed in on ZS. KeyCorp upped their price objective on shares of Zscaler from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, August 21st. Truist Financial set a $210.00 target price on shares of Zscaler in a research report on Wednesday, May 27th. HC Wainwright raised shares of Zscaler from a "buy" rating to a "buy" rating in a research note on Monday, May 18th. Stephens restated an "overweight" rating and set a $200.00 price target on shares of Zscaler in a research report on Friday, June 12th. Finally, Mizuho raised their price target on shares of Zscaler from $185.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $216.18.

Zscaler Price Performance

Zscaler stock opened at $170.31 on Thursday. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The firm has a market capitalization of $27.54 billion, a price-to-earnings ratio of -354.81, a PEG ratio of 99.13 and a beta of 0.94. The company has a fifty day simple moving average of $153.75 and a 200-day simple moving average of $149.99. 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 (NASDAQ:ZS - Get Free Report) last issued its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.07. The business had revenue of $850.48 million during the quarter, compared to analysts' expectations of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. On average, equities analysts anticipate that Zscaler, Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Adam Geller sold 2,817 shares of the firm's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the transaction, the insider directly owned 42,314 shares of the company's stock, valued at $5,187,696.40. This trade represents a 6.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 503 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total value of $87,210.14. Following the transaction, the chief financial officer owned 40,895 shares in the company, valued at approximately $7,090,375.10. This represents a 1.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,772 shares of company stock worth $2,139,799 in the last 90 days. 17.20% of the stock is currently owned by insiders.

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.

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