Zscaler, Inc. $ZS Stock Position Boosted by Norinchukin Bank The

Key Points

• Norinchukin Bank significantly increased its stake in Zscaler, Inc. by 173.4% during the first quarter, owning 4,166 shares worth approximately $827,000.
• Zscaler reported better-than-expected quarterly earnings with an EPS of $0.84, surpassing analysts' estimates of $0.76.
• Analysts have generally upgraded their price targets for Zscaler, with estimates ranging from $300.00 to $365.00, reflecting a positive outlook on the company's performance.

Norinchukin Bank The raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 173.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,166 shares of the company's stock after acquiring an additional 2,642 shares during the quarter. Norinchukin Bank The's holdings in Zscaler were worth $827,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ZS. ORG Partners LLC boosted its stake in Zscaler by 284.8% during the 1st quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. Colonial Trust Co SC bought a new position in Zscaler during the 4th quarter valued at $28,000. Goodman Advisory Group LLC acquired a new stake in shares of Zscaler during the first quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Zscaler during the first quarter worth $29,000. Finally, Elequin Capital LP acquired a new stake in shares of Zscaler during the fourth quarter worth $30,000. 46.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ZS has been the topic of a number of research reports. Wall Street Zen raised shares of Zscaler from a "hold" rating to a "buy" rating in a report on Sunday, June 8th. UBS Group increased their target price on shares of Zscaler from $315.00 to $365.00 and gave the stock a "buy" rating in a report on Friday, June 27th. BMO Capital Markets increased 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. Wells Fargo & Company raised shares of Zscaler from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $260.00 to $385.00 in a report on Friday, June 13th. Finally, Guggenheim reissued a "neutral" rating on shares of Zscaler in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $296.49.

Zscaler Price Performance

Shares of ZS stock traded up $5.39 during trading hours on Wednesday, reaching $273.07. The stock had a trading volume of 1,029,740 shares, compared to its average volume of 1,385,173. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $318.46. The firm has a 50-day simple moving average of $290.22 and a 200-day simple moving average of $247.90. The firm has a market capitalization of $42.52 billion, a PE ratio of -1,050.27, a price-to-earnings-growth ratio of 285.53 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, topping analysts' consensus estimates of $0.76 by $0.08. The business had revenue of $678.03 million for the quarter, compared to analysts' expectations of $667.13 million. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The company's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. On average, equities analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Transactions at Zscaler

In related news, Director Andrew William Fraser Brown sold 20,333 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $296.72, for a total value of $6,033,207.76. Following the completion of the transaction, the director owned 27,216 shares in the company, valued at $8,075,531.52. This represents a 42.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Schlossman sold 4,618 shares of the stock in a transaction dated 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 owned 95,612 shares of the company's stock, valued at $28,683,600. This represents a 4.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,256 shares of company stock worth $50,618,544 over the last ninety days. Insiders own 18.10% of the company's stock.

About Zscaler

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.