Rep. Robert Bresnahan, Jr. Sells Zscaler, Inc. (NASDAQ:ZS) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Zscaler, Inc. NASDAQ: ZS. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Zscaler stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Zscaler Stock Down 1.0 %

ZS stock traded down $2.20 during midday trading on Wednesday, reaching $214.67. The company had a trading volume of 1,613,801 shares, compared to its average volume of 1,484,273. The firm has a market capitalization of $32.94 billion, a PE ratio of -858.68 and a beta of 0.89. The stock has a 50 day moving average price of $195.36 and a 200 day moving average price of $190.19. Zscaler, Inc. has a fifty-two week low of $153.45 and a fifty-two week high of $251.94.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. The business had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.18) EPS. Research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ZS shares. JPMorgan Chase & Co. lifted their price target on Zscaler from $220.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, November 29th. KeyCorp raised their price objective on shares of Zscaler from $245.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Morgan Stanley cut their target price on shares of Zscaler from $215.00 to $205.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 3rd. Guggenheim reiterated a "neutral" rating on shares of Zscaler in a report on Tuesday, December 3rd. Finally, BTIG Research raised their target price on Zscaler from $205.00 to $238.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $225.63.

Insider Buying and Selling

In other news, insider Syam Nair sold 3,682 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares of the company's stock, valued at $28,618,917.12. The trade was a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Remo Canessa sold 3,703 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares of the company's stock, valued at $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 in the last quarter. Corporate insiders own 18.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ZS. AQR Capital Management LLC raised its position in Zscaler by 120.1% in the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock worth $173,921,000 after purchasing an additional 525,956 shares during the period. Natixis bought a new stake in Zscaler during the 4th quarter valued at approximately $87,775,000. Greenvale Capital LLP bought a new position in Zscaler in the fourth quarter worth $72,164,000. Pictet Asset Management Holding SA increased its stake in shares of Zscaler by 25.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock valued at $291,935,000 after purchasing an additional 332,307 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its position in Zscaler by 28.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company's stock valued at $220,401,000 after buying an additional 283,540 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.