Bank of America Corp DE Buys 239,326 Shares of Zscaler, Inc. $ZS

Bank of America Corp DE lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 44.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 779,245 shares of the company’s stock after buying an additional 239,326 shares during the period. Bank of America Corp DE’s holdings in Zscaler were worth $109,320,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Binnacle Investments Inc bought a new position in shares of Zscaler in the 3rd quarter worth approximately $25,000. AlphaCentric Advisors LLC purchased a new stake in Zscaler in the fourth quarter worth $29,000. University of Texas Texas AM Investment Management Co. bought a new position in Zscaler in the fourth quarter worth $30,000. Mcguire Capital Advisors Inc. bought a new position in Zscaler in the fourth quarter worth $32,000. Finally, Family CFO Inc purchased a new position in Zscaler during the fourth quarter valued at $34,000. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Up 3.7%

Zscaler stock opened at $168.68 on Friday. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. The stock has a fifty day moving average of $141.50 and a 200 day moving average of $152.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market cap of $27.28 billion, a PE ratio of -351.41, a price-to-earnings-growth ratio of 58.52 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The firm had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, sell-side analysts predict that Zscaler, Inc. will post 0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. BMO Capital Markets dropped their target price on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Scotiabank reduced their price objective on Zscaler from $190.00 to $175.00 and set a “sector outperform” 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. UBS Group lowered their price target on Zscaler from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Zscaler from $185.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Thirty-four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $214.21.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the sale, the chief executive officer owned 343,038 shares of the company’s stock, valued at $43,370,294.34. The trade was a 0.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of the business’s stock in a transaction on 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 approximately $8,769,943.38. The trade was a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 16,269 shares of company stock valued at $2,052,589. 17.20% of the stock is owned by corporate insiders.

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.