PDT Partners LLC Acquires 25,374 Shares of Zscaler, Inc. $ZS

Key Points

• PDT Partners LLC increased its stake in Zscaler, Inc. by 401.3%, acquiring an additional 25,374 shares in the first quarter, bringing its total holdings to 31,697 shares worth approximately $6.29 million.
• Zscaler reported a quarterly earnings of $0.84 per share, surpassing analysts' expectations and demonstrating a 22.6% year-over-year revenue growth to $678.03 million.
• Several analysts have raised their price targets for Zscaler, with UBS Group increasing its target from $315 to $365, reflecting a generally positive outlook on the stock.

PDT Partners LLC raised its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 401.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,697 shares of the company's stock after buying an additional 25,374 shares during the quarter. PDT Partners LLC's holdings in Zscaler were worth $6,289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Partners LLC increased its holdings in Zscaler by 284.8% in the 1st quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after buying an additional 94 shares during the period. SVB Wealth LLC bought a new stake in shares of Zscaler in the 1st quarter worth about $26,000. Goodman Advisory Group LLC bought a new stake in shares of Zscaler in the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of Zscaler in the 1st quarter worth about $29,000. Finally, CVA Family Office LLC grew its holdings in shares of Zscaler by 120.3% in the 1st quarter. CVA Family Office LLC now owns 152 shares of the company's stock worth $30,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

Insider Activity at Zscaler

In related news, major shareholder Ajay Mangal sold 120,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $300.89, for a total transaction of $36,106,800.00. Following the completion of the sale, the insider directly owned 2,550,210 shares of the company's stock, valued at approximately $767,332,686.90. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Syam Nair sold 4,064 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $1,234,236.80. Following the sale, the insider directly owned 106,659 shares of the company's stock, valued at approximately $32,392,338.30. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,305 shares of company stock worth $43,199,936. Insiders own 18.10% of the company's stock.

Zscaler Stock Performance

Zscaler stock traded down $3.99 during trading hours on Wednesday, reaching $270.58. 6,032,082 shares of the company's stock traded hands, compared to its average volume of 1,178,785. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $318.46. The firm has a market capitalization of $42.13 billion, a price-to-earnings ratio of -1,040.69, a PEG ratio of 259.58 and a beta of 1.05. The firm's 50 day moving average is $287.03 and its 200-day moving average is $250.11.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The company had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. During the same period in the prior year, the company posted $0.88 EPS. The company'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 predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Analysts Set New Price Targets

ZS has been the topic of several analyst reports. BTIG Research reaffirmed a "buy" rating on shares of Zscaler in a report on Thursday, July 10th. KeyCorp upped their target price on shares of Zscaler from $345.00 to $350.00 and gave the stock an "overweight" rating in a report on Wednesday. B. Riley initiated coverage on shares of Zscaler in a report on Tuesday, August 26th. They issued a "neutral" rating and a $275.00 target price on the stock. Wall Street Zen lowered shares of Zscaler from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Wedbush reaffirmed an "outperform" rating and issued a $330.00 target price on shares of Zscaler in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Zscaler has a consensus rating of "Moderate Buy" and an average price target of $306.00.

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.