NorthRock Partners LLC Makes New $291,000 Investment in Zscaler, Inc. $ZS

Key Points

• NorthRock Partners LLC invested approximately $291,000 in Zscaler, Inc., acquiring 927 shares during the second quarter.
• Institutional investors currently hold 46.45% of Zscaler's stock, with several firms significantly increasing their stakes recently.
• Zscaler reported a 21.3% year-over-year revenue increase and earnings per share of $0.89, exceeding analysts' expectations.

NorthRock Partners LLC bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 927 shares of the company's stock, valued at approximately $291,000.

A number of other large investors have also recently added to or reduced their stakes in ZS. ORG Partners LLC boosted its position in Zscaler by 284.8% during the first quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after purchasing an additional 94 shares during the period. SVB Wealth LLC bought a new stake in Zscaler during the first quarter worth approximately $26,000. Goodman Advisory Group LLC bought a new stake in Zscaler during the first quarter worth approximately $29,000. N.E.W. Advisory Services LLC bought a new stake in Zscaler during the first quarter worth approximately $29,000. Finally, Exane Asset Management boosted its position in Zscaler by 185.7% during the second quarter. Exane Asset Management now owns 100 shares of the company's stock worth $31,000 after purchasing an additional 65 shares during the period. Institutional investors own 46.45% of the company's stock.

Insider Buying and Selling

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the sale, the executive vice president directly owned 73,832 shares in the company, valued at $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $804,205.50. Following the completion of the sale, the chief executive officer owned 350,700 shares in the company, valued at $98,441,490. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,884 shares of company stock valued at $11,406,825. 18.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Stifel Nicolaus upped their price target on Zscaler from $295.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Susquehanna upped their price target on Zscaler from $320.00 to $340.00 and gave the stock a "positive" rating in a report on Wednesday, September 3rd. Guggenheim reiterated a "neutral" rating on shares of Zscaler in a report on Wednesday, September 3rd. Wedbush reiterated an "outperform" rating and set a $330.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. Finally, Canaccord Genuity Group upped their price target on Zscaler from $320.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zscaler has a consensus rating of "Moderate Buy" and a consensus target price of $307.43.

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $299.24 on Friday. The business has a fifty day simple moving average of $286.00 and a 200 day simple moving average of $269.69. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $47.37 billion, a price-to-earnings ratio of -1,108.30 and a beta of 1.06. Zscaler, Inc. has a one year low of $164.78 and a one year high of $319.89.

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