Westport Asset Management Inc. acquired a new position in Zscaler, Inc. (NASDAQ:ZS – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,500 shares of the company’s stock, valued at approximately $631,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Binnacle Investments Inc purchased a new position in shares of Zscaler in the 3rd quarter worth approximately $25,000. AlphaCentric Advisors LLC bought a new position in shares of Zscaler in the fourth quarter valued at approximately $29,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Zscaler during the fourth quarter valued at approximately $30,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Zscaler during the fourth quarter valued at approximately $32,000. Finally, Family CFO Inc bought a new stake in Zscaler during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.
Insider Transactions at Zscaler
In other Zscaler news, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $397,748.78. Following the sale, the insider directly owned 69,366 shares of the company’s stock, valued at $8,769,943.38. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $124.22, for a total transaction of $372,660.00. Following the sale, the chief financial officer directly owned 41,901 shares in the company, valued at approximately $5,204,942.22. This trade represents a 6.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,766 shares of company stock worth $1,978,587 over the last 90 days. 17.20% of the stock is owned by insiders.
Zscaler Price Performance
Zscaler (NASDAQ:ZS – Get Free Report) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Analysts anticipate that Zscaler, Inc. will post 0.12 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on ZS shares. Wedbush reissued an “outperform” rating and issued a $220.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Barclays decreased their target price on Zscaler from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zscaler in a research note on Tuesday, June 9th. Wolfe Research reiterated an “outperform” rating and set a $150.00 target price on shares of Zscaler in a research note on Thursday, June 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $180.00 price target on shares of Zscaler in a report on Wednesday, June 10th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $214.21.
Check Out Our Latest Report on Zscaler
Zscaler Profile
Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.
Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.
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