OLD National Bancorp IN Takes $3.94 Million Position in Zscaler, Inc. $ZS

OLD National Bancorp IN acquired a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the first quarter, Holdings Channel.com reports. The fund acquired 28,115 shares of the company’s stock, valued at approximately $3,944,000.

Other large investors have also added to or reduced their stakes in the company. Binnacle Investments Inc purchased a new position in Zscaler during the 3rd quarter valued at about $25,000. AlphaCentric Advisors LLC purchased a new stake in shares of Zscaler in the fourth quarter worth about $29,000. Picton Mahoney Asset Management bought a new position in shares of Zscaler in the third quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in Zscaler during the fourth quarter valued at approximately $30,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Zscaler during the 4th quarter worth approximately $32,000. Institutional investors own 46.45% of the company’s stock.

Zscaler News Roundup

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

Analysts Set New Price Targets

ZS has been the topic of several recent analyst reports. Guggenheim reiterated a “buy” rating and issued a $214.00 target price on shares of Zscaler in a research note on Wednesday, June 10th. Cantor Fitzgerald restated an “overweight” rating and set a $225.00 price target on shares of Zscaler in a research report on Wednesday, June 10th. 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. Sanford C. Bernstein lowered their price objective on Zscaler from $228.00 to $224.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Finally, Wolfe Research reissued an “outperform” rating and set a $150.00 price objective on shares of Zscaler in a research note on Thursday, June 11th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and an average price target of $213.97.

Insider Activity at Zscaler

In other Zscaler news, insider Robert Schlossman sold 3,146 shares of Zscaler stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the completion of the sale, the insider owned 69,366 shares of the company’s stock, valued at $8,769,943.38. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of Zscaler stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $122.60, for a total value of $345,364.20. Following the sale, the insider directly owned 42,314 shares of the company’s stock, valued at approximately $5,187,696.40. This trade represents a 6.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,644 shares of company stock valued at $1,960,287 over the last ninety days. 17.20% of the stock is currently owned by insiders.

Zscaler Trading Up 6.8%

Shares of Zscaler stock opened at $132.26 on Friday. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The firm has a market cap of $21.39 billion, a PE ratio of -275.54, a PEG ratio of 77.40 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. The company has a 50 day simple moving average of $141.59 and a two-hundred day simple moving average of $168.93.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. 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 expect that Zscaler, Inc. will post 0.11 earnings per share for the current fiscal 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.