Legacy Capital Group California Inc. Purchases New Shares in Zscaler, Inc. $ZS

Legacy Capital Group California Inc. acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,309 shares of the company’s stock, valued at approximately $605,000.

Several other large investors also recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Zscaler by 224.9% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,171 shares of the company’s stock worth $445,000 after acquiring an additional 2,195 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Zscaler by 96.8% in the first quarter. Principal Financial Group Inc. now owns 6,757 shares of the company’s stock valued at $948,000 after purchasing an additional 3,323 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Zscaler by 121.3% in the first quarter. Chicago Partners Investment Group LLC now owns 2,611 shares of the company’s stock valued at $372,000 after purchasing an additional 1,431 shares during the last quarter. J. Safra Sarasin Holding AG grew its stake in Zscaler by 106.3% during the 1st quarter. J. Safra Sarasin Holding AG now owns 131,284 shares of the company’s stock valued at $18,406,000 after purchasing an additional 67,657 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Zscaler by 98.1% during the 1st quarter. International Assets Investment Management LLC now owns 3,622 shares of the company’s stock valued at $495,000 after purchasing an additional 1,794 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: U.S. and international security agencies warned about Russian cyber threats, lifting demand expectations for cloud security names like Zscaler. Why Are Zscaler (ZS) Shares Soaring Today
• Positive Sentiment: Analyst-style coverage said Zscaler’s expanding Zero Trust adoption and lower valuation make it attractive versus Palo Alto Networks. PANW vs. ZS: Which Cybersecurity Stock Has an Edge Right Now?
• Neutral Sentiment: A Stocktwits poll showed retail investors favoring CrowdStrike over other cybersecurity names, which does not directly change Zscaler’s fundamentals but reflects mixed investor sentiment across the sector. CRWD, PANW, NET, ZS: One Cybersecurity Stock Won Over Retail Investors – But Another Tops Wall Street’s List
• Negative Sentiment: A law firm announced a shareholder investigation into Zscaler, which could create headline risk and potential overhang for the stock. ZSCALER STOCKHOLDER ALERT

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of Zscaler stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $363,865.54. Following the transaction, the chief executive officer directly owned 343,038 shares in the company, valued at approximately $43,370,294.34. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Zscaler stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $124.22, for a total value of $372,660.00. Following the transaction, the chief financial officer 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,766 shares of company stock worth $1,978,587 in the last three months. 17.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZS. Wells Fargo & Company dropped their price target on shares of Zscaler from $210.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, May 28th. Wolfe Research reissued an “outperform” rating and issued a $150.00 target price on shares of Zscaler in a research report on Thursday, June 11th. Morgan Stanley cut their target price on shares of Zscaler from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $179.00 price target on shares of Zscaler in a research report on Wednesday, May 27th. Finally, Zacks Research upgraded Zscaler from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.97.

Zscaler Price Performance

NASDAQ ZS opened at $152.09 on Wednesday. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The stock has a market cap of $24.59 billion, a price-to-earnings ratio of -316.85, a price-to-earnings-growth ratio of 81.27 and a beta of 0.96. The company has a 50-day moving average price of $143.83 and a two-hundred day moving average price of $160.90.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the company earned $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 forecast that Zscaler, Inc. will post 0.12 EPS for the current year.

About Zscaler

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.