Quantitative Investment Management LLC Purchases New Position in Zscaler, Inc. $ZS

Key Points

• Quantitative Investment Management LLC has acquired a new stake in Zscaler, Inc., purchasing 5,649 shares valued at approximately $1,120,000 during the 1st quarter.
• Insider transactions revealed that Director Andrew William Fraser Brown sold 20,333 shares, reducing his position by 42.76% and totaling over $6 million in sales.
• Several analysts have given Zscaler a mixed outlook, with price targets ranging from $260.00 to $340.00, while the stock is currently rated as a "Moderate Buy" with an average target price of $296.82.

Quantitative Investment Management LLC purchased a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,649 shares of the company's stock, valued at approximately $1,120,000.

A number of other large investors have also recently added to or reduced their stakes in ZS. Quintet Private Bank Europe S.A. lifted its holdings in shares of Zscaler by 4.7% during the first quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company's stock worth $222,000 after buying an additional 50 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Zscaler by 0.3% during the first quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock worth $4,549,000 after buying an additional 68 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Zscaler by 2.6% during the first quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company's stock worth $556,000 after buying an additional 70 shares during the last quarter. Choreo LLC lifted its holdings in shares of Zscaler by 2.7% during the first quarter. Choreo LLC now owns 2,909 shares of the company's stock worth $577,000 after buying an additional 76 shares during the last quarter. Finally, GSB Wealth Management LLC lifted its holdings in shares of Zscaler by 3.5% during the first quarter. GSB Wealth Management LLC now owns 2,395 shares of the company's stock worth $475,000 after buying an additional 80 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

Insider Transactions at Zscaler

In other news, Director Andrew William Fraser Brown sold 20,333 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $296.72, for a total transaction of $6,033,207.76. Following the completion of the transaction, the director owned 27,216 shares of the company's stock, valued at approximately $8,075,531.52. The trade was a 42.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 4,618 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $300.00, for a total value of $1,385,400.00. Following the transaction, the insider directly owned 95,612 shares of the company's stock, valued at $28,683,600. This trade represents a 4.61% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 168,256 shares of company stock worth $50,618,544. Corporate insiders own 18.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ZS shares. Roth Capital reiterated a "neutral" rating on shares of Zscaler in a report on Wednesday, May 28th. Stifel Nicolaus upped their target price on Zscaler from $270.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Bank of America increased their price objective on Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Loop Capital increased their price objective on Zscaler from $250.00 to $260.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Finally, Mizuho increased their price objective on Zscaler from $275.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $296.82.

Zscaler Stock Performance

Shares of Zscaler stock opened at $272.52 on Monday. The business's 50 day simple moving average is $292.37 and its 200 day simple moving average is $247.14. Zscaler, Inc. has a 52-week low of $153.45 and a 52-week high of $318.46. The firm has a market cap of $42.43 billion, a PE ratio of -1,048.15, a P/E/G ratio of 290.68 and a beta of 1.06.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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 firm's quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

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.

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