Zscaler, Inc. $ZS Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. reduced its stake in Zscaler, Inc. by 12.6%, selling 107,094 shares, and now holds approximately 740,732 shares worth $146.98 million.
• In the most recent quarter, Zscaler reported a 22.6% increase in revenue compared to the same period last year, totaling $678.03 million, with EPS of $0.84 exceeding estimates.
• Analysts maintain a favorable outlook on Zscaler, with a consensus rating of "Moderate Buy" and an average target price of $296.82, indicating potential for future growth.

Price T Rowe Associates Inc. MD reduced its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 740,732 shares of the company's stock after selling 107,094 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.48% of Zscaler worth $146,977,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZS. ORG Partners LLC increased its holdings in Zscaler by 284.8% in the first 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 last quarter. Colonial Trust Co SC bought a new stake in Zscaler in the fourth quarter valued at about $28,000. Goodman Advisory Group LLC bought a new position in shares of Zscaler during the first quarter valued at approximately $29,000. N.E.W. Advisory Services LLC bought a new position in shares of Zscaler during the first quarter valued at approximately $29,000. Finally, Elequin Capital LP bought a new position in shares of Zscaler during the fourth quarter valued at approximately $30,000. 46.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

ZS has been the subject of several recent research reports. JPMorgan Chase & Co. upped their target price on Zscaler from $292.00 to $348.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Morgan Stanley upped their target price on Zscaler from $200.00 to $280.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Barclays upped their target price on Zscaler from $290.00 to $300.00 and gave the company an "overweight" rating in a report on Monday. Rosenblatt Securities upped their target price on Zscaler from $235.00 to $315.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, BMO Capital Markets upped their target price on Zscaler from $233.00 to $295.00 and gave the company an "outperform" rating in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Zscaler has a consensus rating of "Moderate Buy" and a consensus price target of $296.49.

Zscaler Price Performance

Shares of NASDAQ ZS traded up $5.39 during midday trading on Wednesday, hitting $273.07. 1,029,740 shares of the company's stock were exchanged, compared to its average volume of 1,385,173. The stock's 50 day moving average price is $290.22 and its 200-day moving average price is $247.90. The firm has a market cap of $42.52 billion, a P/E ratio of -1,050.27, a PEG ratio of 285.53 and a beta of 1.06. Zscaler, Inc. has a twelve month low of $153.45 and a twelve month high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $678.03 million during the quarter, compared to the consensus estimate of $667.13 million. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%.The business's revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. On average, analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Transactions at Zscaler

In other Zscaler news, insider Syam Nair sold 4,064 shares of the company's 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 completion of the sale, the insider directly owned 106,659 shares in the company, valued at $32,392,338.30. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam Geller sold 3,662 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total value of $1,123,208.64. Following the completion of the sale, the insider owned 46,813 shares of the company's stock, valued at $14,358,483.36. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,256 shares of company stock valued at $50,618,544 over the last three months. 18.10% of the stock is owned by company insiders.

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.