Zscaler, Inc. $ZS Shares Acquired by Howe & Rusling Inc.

Key Points

• Howe & Rusling Inc. increased its investment in Zscaler, Inc. by 17.1%, bringing their total holdings to 24,672 shares valued at approximately $4.9 million.
• Zscaler reported an earnings per share (EPS) of $0.89 for the last quarterly results, surpassing the consensus forecast of $0.80 and showing a 21.3% year-over-year revenue growth.
• Wall Street analysts maintain a generally positive outlook on Zscaler, with an average rating of "Moderate Buy" and a consensus target price of $307.00.

Howe & Rusling Inc. raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 17.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,672 shares of the company's stock after purchasing an additional 3,611 shares during the quarter. Howe & Rusling Inc.'s holdings in Zscaler were worth $4,895,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Quintet Private Bank Europe S.A. grew its stake in Zscaler by 4.7% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company's stock valued at $222,000 after purchasing an additional 50 shares in the last quarter. Cerity Partners LLC grew its stake in Zscaler by 0.3% during the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock valued at $4,549,000 after purchasing an additional 68 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Zscaler by 2.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company's stock valued at $556,000 after purchasing an additional 70 shares in the last quarter. Choreo LLC grew its stake in Zscaler by 2.7% during the 1st quarter. Choreo LLC now owns 2,909 shares of the company's stock valued at $577,000 after purchasing an additional 76 shares in the last quarter. Finally, GSB Wealth Management LLC grew its stake in Zscaler by 3.5% during the 1st quarter. GSB Wealth Management LLC now owns 2,395 shares of the company's stock valued at $475,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Trading Up 2.8%

Shares of NASDAQ ZS opened at $286.66 on Friday. The company has a market cap of $44.63 billion, a price-to-earnings ratio of -1,061.70 and a beta of 1.05. Zscaler, Inc. has a 12-month low of $162.00 and a 12-month high of $318.46. The stock's 50 day simple moving average is $282.97 and its 200 day simple moving average is $253.04.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.09. The business had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative return on equity of 0.49% and a negative net margin of 1.55%.The business's revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. As a group, equities analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ZS shares. Roth Capital restated a "neutral" rating on shares of Zscaler in a research note on Wednesday, May 28th. JMP Securities restated a "market outperform" rating and set a $355.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Wedbush restated an "outperform" rating and set a $330.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Piper Sandler lifted their target price on Zscaler from $260.00 to $280.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Finally, Scotiabank decreased their target price on Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $307.00.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 3,174 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $305.07, for a total value of $968,292.18. Following the sale, the insider owned 88,970 shares of the company's stock, valued at approximately $27,142,077.90. This trade represents a 3.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Syam Nair sold 4,064 shares of Zscaler stock in a transaction on Tuesday, June 17th. The shares were 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 in the company, valued at $32,392,338.30. The trade was a 3.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,305 shares of company stock worth $7,093,136. 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.

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