4,700 Shares in Zscaler, Inc. $ZS Bought by Nano Cap New Millennium Growth Fund L P

Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,700 shares of the company’s stock, valued at approximately $1,057,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westpac Banking Corp grew its position in Zscaler by 919.0% in the third quarter. Westpac Banking Corp now owns 9,986 shares of the company’s stock valued at $2,992,000 after purchasing an additional 9,006 shares in the last quarter. Korea Investment CORP grew its position in Zscaler by 24.0% in the third quarter. Korea Investment CORP now owns 98,370 shares of the company’s stock valued at $29,478,000 after purchasing an additional 19,026 shares in the last quarter. Vinva Investment Management Ltd grew its position in Zscaler by 136.1% in the third quarter. Vinva Investment Management Ltd now owns 11,347 shares of the company’s stock valued at $3,400,000 after purchasing an additional 6,541 shares in the last quarter. Handelsbanken Fonder AB grew its position in Zscaler by 43.1% in the third quarter. Handelsbanken Fonder AB now owns 55,907 shares of the company’s stock valued at $16,753,000 after purchasing an additional 16,839 shares in the last quarter. Finally, Oxbow Advisors LLC bought a new position in Zscaler in the fourth quarter valued at $2,939,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Zscaler

In other news, insider Adam Geller sold 2,094 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total transaction of $321,491.82. Following the transaction, the insider directly owned 46,949 shares in the company, valued at $7,208,079.97. The trade was a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin Rubin sold 1,682 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $263,384.38. Following the transaction, the chief financial officer owned 46,479 shares in the company, valued at $7,278,146.61. This represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,130 shares of company stock worth $1,892,487 over the last ninety days. Company insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ZS shares. B. Riley Financial raised shares of Zscaler from a “neutral” rating to a “buy” rating and decreased their target price for the company from $275.00 to $225.00 in a research report on Monday. Stephens lowered their price target on Zscaler from $340.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. KeyCorp upped their price objective on Zscaler from $160.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday. HC Wainwright upgraded Zscaler from a “buy” rating to a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company initiated coverage on Zscaler in a research note on Tuesday, March 3rd. They set an “overweight” rating and a $200.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $261.26.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Analysts at Jefferies said Zscaler could benefit from federal spending tailwinds and may be positioned to beat expectations when it reports results on May 26, with ARR growth likely to remain strong.
• Positive Sentiment: B. Riley upgraded Zscaler to Buy, and other commentary suggested the stock has a positive setup heading into earnings, reinforcing the bullish case for the name.
• Positive Sentiment: Zscaler announced plans to acquire Symmetry Systems, adding identity mapping and data access technology that should expand its AI-focused zero-trust security platform over time. Article Title
• Neutral Sentiment: Zscaler also announced upcoming investor conference presentations, which keep management visible to the market but do not materially change the business outlook. Article Title
• Negative Sentiment: The stock had already been sliding in the latest session, with articles noting ZS fell despite broader market gains, suggesting some traders are taking profits or waiting for the earnings report.

Zscaler Stock Down 2.0%

Zscaler stock opened at $171.01 on Friday. The firm has a market capitalization of $27.50 billion, a PE ratio of -407.17 and a beta of 0.96. The company’s 50-day moving average is $143.95 and its 200-day moving average is $195.74. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $815.75 million for the quarter, compared to analyst estimates of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. Zscaler’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Sell-side analysts anticipate that Zscaler, Inc. will post -0.03 earnings per share for the current year.

Zscaler Company 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.