RPG Investment Advisory LLC Acquires 71,715 Shares of Zscaler, Inc. $ZS

Key Points

• RPG Investment Advisory LLC increased its holdings in Zscaler, Inc. by 153.5% during the 1st quarter, acquiring a total of 118,434 shares valued at approximately $23.5 million.
• Insider sales included Robert Schlossman, who sold 4,618 shares for $1.39 million, and Syam Nair, who sold 4,064 shares for over $1.23 million, representing decreases in their ownership percentages.
• Zscaler reported a 22.6% year-over-year revenue increase in its last quarter, with a reported EPS of $0.84, exceeding analyst estimates.

RPG Investment Advisory LLC raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 153.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,434 shares of the company's stock after acquiring an additional 71,715 shares during the period. Zscaler comprises approximately 1.7% of RPG Investment Advisory LLC's portfolio, making the stock its 25th biggest holding. RPG Investment Advisory LLC owned about 0.08% of Zscaler worth $23,500,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ZS. Dimensional Fund Advisors LP grew its holdings in shares of Zscaler by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 186,781 shares of the company's stock worth $33,704,000 after purchasing an additional 12,108 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Zscaler by 107.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,304 shares of the company's stock worth $1,137,000 after purchasing an additional 3,264 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Zscaler by 9.2% in the fourth quarter. Stifel Financial Corp now owns 112,665 shares of the company's stock worth $20,326,000 after purchasing an additional 9,464 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of Zscaler by 64.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 356 shares of the company's stock worth $65,000 after purchasing an additional 139 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Zscaler by 327.6% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,044 shares of the company's stock worth $1,836,000 after purchasing an additional 7,695 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Price Performance

NASDAQ ZS traded up $2.17 during trading hours on Friday, reaching $272.52. 882,582 shares of the company's stock traded hands, compared to its average volume of 1,438,319. 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 PEG ratio of 290.68 and a beta of 1.06. The firm has a 50-day simple moving average of $292.37 and a 200 day simple moving average of $247.14.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZS. Scotiabank raised their target price on shares of Zscaler from $310.00 to $360.00 and gave the stock a "sector outperform" rating in a report on Friday, June 6th. BMO Capital Markets raised their target price on shares of Zscaler from $233.00 to $295.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. KeyCorp raised their target price on shares of Zscaler from $290.00 to $310.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Roth Capital reiterated a "neutral" rating on shares of Zscaler in a report on Wednesday, May 28th. Finally, Bank of America lifted their price target on shares of Zscaler from $285.00 to $340.00 and gave the company a "buy" rating in a report on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $296.82.

Insider Activity at Zscaler

In other news, insider Robert Schlossman sold 4,618 shares of Zscaler stock in a transaction dated 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 completion of the transaction, the insider owned 95,612 shares of the company's stock, valued at $28,683,600. The trade was a 4.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Ajay Mangal sold 120,000 shares of Zscaler stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $300.89, for a total value of $36,106,800.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 168,256 shares of company stock worth $50,618,544 over the last 90 days. 18.10% of the stock is currently owned by insiders.

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.