Norden Group LLC Invests $425,000 in Zscaler, Inc. $ZS

Key Points

• Norden Group LLC has invested approximately $425,000 in Zscaler, Inc. by acquiring 1,354 shares of the company's stock during the 2nd quarter.
• Insider activity shows that significant shareholders, including executives Adam Geller and Raj Judge, sold 11,193 and 4,524 shares respectively on September 16th, indicating a decrease in their ownership of the stock.
• Analysts have upgraded their ratings for Zscaler, with Wells Fargo raising its price target from $260 to $385, contributing to an overall consensus rating of "Moderate Buy" and a price target of $307.

Norden Group LLC acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,354 shares of the company's stock, valued at approximately $425,000.

Other institutional investors have also modified their holdings of the company. ORG Partners LLC lifted its position in shares of Zscaler by 284.8% during the 1st quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after purchasing an additional 94 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Zscaler during the 1st quarter worth $26,000. Goodman Advisory Group LLC acquired a new stake in Zscaler during the 1st quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new stake in Zscaler during the 1st quarter worth $29,000. Finally, CVA Family Office LLC raised its stake in Zscaler by 120.3% during the 1st quarter. CVA Family Office LLC now owns 152 shares of the company's stock worth $30,000 after acquiring an additional 83 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Adam Geller sold 11,193 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares in the company, valued at $15,141,519.40. The trade was a 17.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Raj Judge sold 4,524 shares of the business's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the transaction, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,878 shares of company stock valued at $9,266,002. 18.10% of the stock is owned by insiders.

Zscaler Trading Up 2.8%

NASDAQ ZS opened at $294.65 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market cap of $46.64 billion, a PE ratio of -1,091.30 and a beta of 1.05. Zscaler, Inc. has a one year low of $164.78 and a one year high of $318.46. The firm's fifty day moving average is $280.46 and its two-hundred day moving average is $259.94.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The business had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same period in the previous year, the business posted $0.88 earnings per share. The business's revenue was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZS has been the topic of several research analyst reports. Wells Fargo & Company upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $260.00 to $385.00 in a research note on Friday, June 13th. BMO Capital Markets lifted their price target on shares of Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. Royal Bank Of Canada lifted their price target on shares of Zscaler from $315.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. Zacks Research lowered shares of Zscaler from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 3rd. Finally, UBS Group cut their price target on shares of Zscaler from $365.00 to $350.00 and set a "buy" rating on the stock in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $307.00.

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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