Assenagon Asset Management S.A. Buys 86,315 Shares of Zscaler, Inc. $ZS

Assenagon Asset Management S.A. increased its position in Zscaler, Inc. (NASDAQ:ZS) by 90.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 181,356 shares of the company’s stock after purchasing an additional 86,315 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Zscaler were worth $25,442,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ZS. Binnacle Investments Inc purchased a new stake in shares of Zscaler during the third quarter valued at approximately $25,000. Picton Mahoney Asset Management purchased a new stake in shares of Zscaler during the third quarter worth $30,000. AlphaCentric Advisors LLC purchased a new stake in shares of Zscaler during the fourth quarter worth $29,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Zscaler in the fourth quarter worth $30,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Zscaler in the fourth quarter valued at $32,000. Institutional investors own 46.45% of the company’s stock.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler announced a multi-year partnership with Aston Martin Aramco Formula One Team, which will use Zscaler’s Zero Trust Exchange platform to secure sensitive design, strategy, and race data. Article Title
• Positive Sentiment: Zscaler CEO Jay Chaudhry highlighted AI as a major cybersecurity opportunity, reinforcing the company’s positioning in a fast-growing market. Article Title
• Positive Sentiment: Another report said AI could create the biggest cybersecurity opportunity in years, which supports the investment case for Zscaler’s AI-era security platform. Article Title
• Neutral Sentiment: Market commentary noted Zscaler had only a modest post-earnings move, suggesting traders are still assessing the company’s near-term outlook. Article Title
• Neutral Sentiment: Pomerantz LLP said it is investigating claims on behalf of Zscaler investors, which may add headline risk but does not by itself confirm wrongdoing. Article Title
• Negative Sentiment: Zscaler CFO Kevin Rubin sold 3,000 shares under a pre-arranged trading plan, which can still weigh on sentiment even though the sale was routine. Article Title

Insider Buying and Selling

In related news, insider Robert Schlossman sold 3,146 shares of Zscaler 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 transaction, the insider owned 69,366 shares in the company, valued at approximately $8,769,943.38. The trade was a 4.34% decrease in their position. The transaction was disclosed in a filing 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 the 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 transaction, the chief financial officer directly owned 41,901 shares of the company’s stock, valued at $5,204,942.22. This trade represents a 6.68% decrease in their position. 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 15,644 shares of company stock valued at $1,960,287 in the last 90 days. Corporate insiders own 17.20% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $132.26 on Friday. The firm has a market cap of $21.39 billion, a price-to-earnings ratio of -275.54, a price-to-earnings-growth ratio of 77.40 and a beta of 0.97. 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 business has a 50-day simple moving average of $141.59 and a two-hundred day simple moving average of $168.93. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $835.14 million. During the same quarter in the prior year, the business earned $0.84 EPS. The business’s quarterly revenue was up 25.4% on a year-over-year basis. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. On average, analysts expect that Zscaler, Inc. will post 0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ZS shares. HC Wainwright upgraded Zscaler from a “buy” rating to a “buy” rating in a research note on Monday, May 18th. Sanford C. Bernstein lowered their price target on shares of Zscaler from $228.00 to $224.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Zscaler in a report on Wednesday, June 10th. Berenberg Bank set a $200.00 price objective on shares of Zscaler in a research report on Thursday, May 28th. Finally, Citizens Jmp cut their target price on Zscaler from $290.00 to $210.00 and set a “market outperform” rating for the company in a research note on Friday, May 1st. Thirty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $213.97.

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.