Zscaler, Inc. $ZS Stock Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 375.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,706 shares of the company’s stock after purchasing an additional 10,823 shares during the period. Chicago Partners Investment Group LLC’s holdings in Zscaler were worth $3,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Burkett Financial Services LLC acquired a new stake in Zscaler during the third quarter valued at approximately $27,000. Activest Wealth Management boosted its holdings in Zscaler by 1,281.8% during the third quarter. Activest Wealth Management now owns 152 shares of the company’s stock worth $30,000 after buying an additional 141 shares in the last quarter. Elevation Wealth Partners LLC grew its position in Zscaler by 84.3% in the third quarter. Elevation Wealth Partners LLC now owns 153 shares of the company’s stock worth $31,000 after buying an additional 70 shares during the last quarter. Fortitude Family Office LLC grew its position in Zscaler by 2,466.7% in the third quarter. Fortitude Family Office LLC now owns 154 shares of the company’s stock worth $31,000 after buying an additional 148 shares during the last quarter. Finally, Physician Wealth Advisors Inc. grew its position in Zscaler by 1,837.5% in the third quarter. Physician Wealth Advisors Inc. now owns 155 shares of the company’s stock worth $31,000 after buying an additional 147 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Insider Activity at Zscaler

In related news, Director James Beer sold 177 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $192.01, for a total transaction of $33,985.77. Following the transaction, the director directly owned 4,030 shares of the company’s stock, valued at approximately $773,800.30. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 514 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $259.15, for a total transaction of $133,203.10. Following the completion of the transaction, the chief financial officer owned 62,113 shares in the company, valued at approximately $16,096,583.95. This represents a 0.82% 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. In the last three months, insiders have sold 55,105 shares of company stock valued at $11,563,836. 17.20% of the stock is owned by company insiders.

Zscaler Trading Down 9.2%

Shares of NASDAQ ZS opened at $203.88 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65. Zscaler, Inc. has a one year low of $114.63 and a one year high of $333.90. The business has a 50-day moving average price of $207.81 and a two-hundred day moving average price of $167.72. The firm has a market capitalization of $33.24 billion, a PE ratio of -522.77, a PEG ratio of 21.34 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. The company had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, analysts predict that Zscaler, Inc. will post 0.70 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler upped their price target on Zscaler from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, September 4th. BMO Capital Markets raised their price objective on Zscaler from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Roth Capital reissued a “neutral” rating and set a $170.00 price objective on shares of Zscaler in a research note on Saturday, September 5th. Citizens Jmp lifted their target price on Zscaler from $210.00 to $265.00 and gave the stock a “market outperform” rating in a report on Friday, October 9th. Finally, Morgan Stanley boosted their target price on Zscaler from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 7th. Thirty-six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and an average price target of $236.65.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: AI security demand and continued adoption of Zero Trust are potential growth supports, according to a recent Zacks analysis, which nevertheless recommended a hold. Zacks analysis of Zscaler’s outlook
• Neutral Sentiment: Zscaler said it will report first-quarter fiscal 2027 results after market close on December 2 and hold an investor call that day. The announcement sets the next major earnings catalyst but did not provide new financial results. Earnings call announcement
• Neutral Sentiment: Insider Adam Geller sold 1,041 shares under a pre-arranged Rule 10b5-1 plan, a relatively small reduction in his holdings. Insider transaction report
• Negative Sentiment: Coverage cited slowing growth and rising spending as headwinds. On the latest session, Zscaler fell alongside Cloudflare, Datadog, Elastic and Palantir, suggesting a broader pullback in growth-oriented technology shares also weighed on the stock. Report on declines in software and cybersecurity shares

Zscaler Profile

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.