OMERS ADMINISTRATION Corp Raises Stock Holdings in Zscaler, Inc. $ZS

Key Points

• OMERS ADMINISTRATION Corp has increased its stake in Zscaler, Inc. by 9.8%, acquiring an additional 1,068 shares, bringing its total holdings to 12,020 shares valued at approximately $2.39 million.
• Zscaler's shares are trading well, with their stock price reaching $277.05 and a market capitalization of $43.14 billion, while analysts have set target prices as high as $360.00.
• In the latest earnings report, Zscaler beat consensus estimates with earnings of $0.84 per share and revenue of $678.03 million, reflecting a 22.6% year-over-year increase.

OMERS ADMINISTRATION Corp lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 9.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,020 shares of the company's stock after buying an additional 1,068 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Zscaler were worth $2,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ZS. GAMMA Investing LLC grew its stake in Zscaler by 43.1% in the first quarter. GAMMA Investing LLC now owns 641 shares of the company's stock worth $127,000 after purchasing an additional 193 shares in the last quarter. Allworth Financial LP boosted its holdings in Zscaler by 47.4% in the first quarter. Allworth Financial LP now owns 1,002 shares of the company's stock worth $211,000 after purchasing an additional 322 shares during the period. Krane Funds Advisors LLC increased its stake in Zscaler by 36.4% during the first quarter. Krane Funds Advisors LLC now owns 1,667 shares of the company's stock valued at $331,000 after purchasing an additional 445 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Zscaler by 42.0% during the first quarter. Merit Financial Group LLC now owns 6,197 shares of the company's stock worth $1,230,000 after purchasing an additional 1,832 shares during the period. Finally, National Pension Service raised its holdings in shares of Zscaler by 11.2% during the first quarter. National Pension Service now owns 171,847 shares of the company's stock worth $34,098,000 after purchasing an additional 17,342 shares during the period. Institutional investors own 46.45% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ZS shares. Canaccord Genuity Group set a $305.00 price objective on shares of Zscaler and gave the stock a "buy" rating in a research note on Monday, June 2nd. Oppenheimer upped their target price on Zscaler from $290.00 to $345.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Guggenheim reissued a "neutral" rating on shares of Zscaler in a report on Friday, May 30th. BTIG Research restated a "buy" rating on shares of Zscaler in a research report on Thursday, July 10th. Finally, UBS Group increased their target price on Zscaler from $315.00 to $365.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and a consensus target price of $297.63.

Zscaler Stock Performance

NASDAQ:ZS traded down $2.48 during trading hours on Tuesday, reaching $274.57. The stock had a trading volume of 5,403,860 shares, compared to its average volume of 2,140,370. The stock has a market cap of $42.75 billion, a P/E ratio of -1,056.04, a price-to-earnings-growth ratio of 259.58 and a beta of 1.05. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $318.46. The stock has a 50 day simple moving average of $288.53 and a 200 day simple moving average of $249.79.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.84). Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, equities analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Zscaler

In other Zscaler news, insider Syam Nair sold 4,064 shares of Zscaler stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total transaction of $1,234,236.80. Following the transaction, the insider directly owned 106,659 shares of the company's stock, valued at approximately $32,392,338.30. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 4,618 shares of the stock in a transaction 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 transaction, the insider directly owned 95,612 shares in the company, valued at approximately $28,683,600. This represents a 4.61% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 168,256 shares of company stock worth $50,618,544. Company insiders own 18.10% of the company's stock.

Zscaler 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.