Versor Investments LP Acquires Shares of 1,779 Zscaler, Inc. $ZS

Key Points

• Versor Investments LP acquired 1,779 shares of Zscaler, Inc. worth approximately $353,000 in the first quarter, reflecting growing institutional interest in the company.
• Multiple analysts have upgraded Zscaler's stock rating, with Wells Fargo raising its price target from $260 to $385, while the consensus price target is set at $296.82.
• Zscaler recently reported earnings of $0.84 per share for the quarter, exceeding estimates and showing a 22.6% year-over-year revenue increase to $678.03 million.

Versor Investments LP acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,779 shares of the company's stock, valued at approximately $353,000.

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

Zscaler Stock Performance

Zscaler stock traded up $2.17 during trading on Friday, reaching $272.52. 882,582 shares of the company's stock were exchanged, compared to its average volume of 1,438,319. The company's 50-day moving average is $292.37 and its two-hundred day 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 price-to-earnings ratio of -1,048.15, a PEG ratio of 290.68 and a beta of 1.06.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $0.84 earnings per share for the quarter, topping 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 firm had revenue of $678.03 million during the quarter, compared to analysts' expectations of $667.13 million. During the same period in the prior year, the company earned $0.88 EPS. The firm'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. Analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ZS. Canaccord Genuity Group set a $305.00 price target on Zscaler and gave the company a "buy" rating in a report on Monday, June 2nd. Royal Bank Of Canada upped their price objective on Zscaler from $288.00 to $304.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Cantor Fitzgerald increased their target price on Zscaler from $290.00 to $340.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Oppenheimer lifted 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. Finally, BMO Capital Markets boosted their price target on Zscaler from $233.00 to $295.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Zscaler has an average rating of "Moderate Buy" and an average target price of $296.82.

Insider Activity

In related news, CEO Jagtar Singh Chaudhry sold 2,849 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total transaction of $865,241.30. Following the completion of the sale, the chief executive officer directly owned 353,565 shares of the company's stock, valued at approximately $107,377,690.50. This represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Syam Nair sold 4,064 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction 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. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,256 shares of company stock worth $50,618,544 in the last quarter. 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.