Aberdeen Group plc Boosts Stock Holdings in Zscaler, Inc. $ZS

Key Points

• Aberdeen Group plc increased its stake in Zscaler, Inc. by 130.8% in the first quarter, owning a total of 57,831 shares valued at approximately $11.5 million.
• Zscaler reported quarterly earnings of $0.84 EPS, exceeding analysts' expectations, with revenue growth of 22.6% year-over-year.
• Analysts maintain a generally positive outlook for Zscaler, with a consensus target price of $296.82 and multiple firms issuing buy ratings.

Aberdeen Group plc lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 130.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,831 shares of the company's stock after buying an additional 32,769 shares during the quarter. Aberdeen Group plc's holdings in Zscaler were worth $11,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ZS. GAMMA Investing LLC raised its holdings in Zscaler by 43.1% in the first quarter. GAMMA Investing LLC now owns 641 shares of the company's stock worth $127,000 after purchasing an additional 193 shares in the last quarter. Allworth Financial LP grew its position in shares of Zscaler by 47.4% in the 1st 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. Krane Funds Advisors LLC grew its position in shares of Zscaler by 36.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,667 shares of the company's stock worth $331,000 after buying an additional 445 shares during the period. Merit Financial Group LLC increased its stake in shares of Zscaler by 42.0% in the 1st quarter. Merit Financial Group LLC now owns 6,197 shares of the company's stock worth $1,230,000 after acquiring an additional 1,832 shares in the last quarter. Finally, National Pension Service lifted its position in Zscaler by 11.2% during 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 period. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Performance

Shares of NASDAQ ZS traded up $2.17 during midday trading on Friday, hitting $272.52. 882,582 shares of the stock traded hands, compared to its average volume of 1,444,461. The firm has a market capitalization of $42.43 billion, a P/E ratio of -1,048.15, a PEG ratio of 288.37 and a beta of 1.06. Zscaler, Inc. has a one year low of $153.45 and a one year high of $318.46. The firm has a 50-day moving average of $292.37 and a two-hundred day moving average of $246.55.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. The company had revenue of $678.03 million for 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%.Zscaler's revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. Equities analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other news, insider Adam Geller sold 3,662 shares of Zscaler stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total transaction of $1,123,208.64. Following the transaction, the insider directly owned 46,813 shares of the company's stock, valued at $14,358,483.36. The trade was a 7.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew William Fraser Brown sold 20,333 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $296.72, for a total value of $6,033,207.76. Following the transaction, the director owned 27,216 shares of the company's stock, valued at approximately $8,075,531.52. This trade represents a 42.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,256 shares of company stock valued at $50,618,544 in the last ninety days. Corporate insiders own 18.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of Zscaler from $290.00 to $345.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Roth Capital reiterated a "neutral" rating on shares of Zscaler in a research note on Wednesday, May 28th. UBS Group raised their price target on Zscaler from $315.00 to $365.00 and gave the company a "buy" rating in a report on Friday, June 27th. BNP Paribas raised shares of Zscaler from a "neutral" rating to an "outperform" rating and set a $260.00 price objective on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $260.00 to $385.00 in a research note on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $296.82.

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.