Zscaler, Inc. $ZS Shares Bought by Perpetual Ltd

Key Points

• Perpetual Ltd increased its stake in Zscaler, Inc. by 12,033.2% during Q2, acquiring a total of 175,932 shares valued at approximately $55.2 million.
• CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock for about $804,205.50, decreasing his ownership by 0.81%.
• Zscaler's recent earnings report showed that the company exceeded estimates with $719.23 million in revenue, marking a 21.3% year-over-year growth.

Perpetual Ltd raised its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 12,033.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,932 shares of the company's stock after acquiring an additional 174,482 shares during the period. Perpetual Ltd owned approximately 0.11% of Zscaler worth $55,232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Zscaler by 43.1% in the first quarter. GAMMA Investing LLC now owns 641 shares of the company's stock valued at $127,000 after acquiring an additional 193 shares in the last quarter. Parisi Gray Wealth Management acquired a new stake in Zscaler in the second quarter valued at approximately $801,000. Focus Partners Wealth boosted its stake in Zscaler by 2.5% in the first quarter. Focus Partners Wealth now owns 62,083 shares of the company's stock valued at $12,319,000 after acquiring an additional 1,517 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Zscaler by 17.1% in the first quarter. Howe & Rusling Inc. now owns 24,672 shares of the company's stock valued at $4,895,000 after acquiring an additional 3,611 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Zscaler by 47.4% during the first quarter. Allworth Financial LP now owns 1,002 shares of the company's stock worth $211,000 after buying an additional 322 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Stock Down 0.9%

Zscaler stock traded down $2.70 during mid-day trading on Monday, reaching $291.57. 1,068,875 shares of the company's stock were exchanged, compared to its average volume of 2,130,738. The company has a market cap of $46.16 billion, a P/E ratio of -1,079.89 and a beta of 1.05. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $318.46. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average of $280.39 and a 200-day moving average of $257.68.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. The business had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The company's revenue was up 21.3% on a year-over-year basis. During the same period last year, the business earned $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. Sell-side analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Adam Geller sold 11,193 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares of the company's stock, valued at approximately $15,141,519.40. This trade represents a 17.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the sale, the chief executive officer directly owned 350,700 shares in the company, valued at approximately $98,441,490. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,878 shares of company stock valued at $9,266,002. Company insiders own 18.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ZS shares. Loop Capital lifted their price objective on shares of Zscaler from $250.00 to $260.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. UBS Group lowered their price objective on shares of Zscaler from $365.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, September 3rd. JMP Securities reiterated a "market outperform" rating and set a $355.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Rosenblatt Securities lifted their price objective on shares of Zscaler from $315.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Finally, Stephens restated an "overweight" rating and set a $255.00 target price on shares of Zscaler in a research report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $307.00.

Zscaler Company 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.