Zscaler, Inc. $ZS Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC trimmed its stake in Zscaler, Inc. (NASDAQ:ZS) by 33.2% during the first quarter, Holdings Channel.com reports. The fund owned 7,166 shares of the company’s stock after selling 3,568 shares during the period. Wealthfront Advisers LLC’s holdings in Zscaler were worth $1,005,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Qsemble Capital Management LP raised its position in Zscaler by 105.5% in the fourth quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock valued at $3,548,000 after purchasing an additional 8,099 shares during the period. Oxbow Advisors LLC purchased a new position in shares of Zscaler during the fourth quarter worth $2,939,000. J. Safra Sarasin Holding AG boosted its position in shares of Zscaler by 94.7% during the fourth quarter. J. Safra Sarasin Holding AG now owns 63,627 shares of the company’s stock worth $14,311,000 after buying an additional 30,952 shares during the period. Leonteq Securities AG acquired a new stake in shares of Zscaler in the fourth quarter valued at $4,571,000. Finally, Swedbank AB grew its stake in shares of Zscaler by 92.8% in the fourth quarter. Swedbank AB now owns 20,706 shares of the company’s stock valued at $4,657,000 after buying an additional 9,966 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Stock Down 0.7%

Zscaler stock opened at $148.72 on Wednesday. The firm has a market capitalization of $24.05 billion, a P/E ratio of -309.83, a P/E/G ratio of 85.86 and a beta of 0.96. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The stock’s fifty day simple moving average is $143.92 and its 200-day simple moving average is $158.11.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The firm had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. During the same period last year, the business posted $0.84 earnings per share. Zscaler’s revenue 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, equities analysts expect that Zscaler, Inc. will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 completion of the transaction, the insider owned 42,314 shares in the company, valued at approximately $5,187,696.40. This trade represents a 6.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 3,146 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the transaction, the insider directly owned 69,366 shares of the company’s stock, valued at approximately $8,769,943.38. This represents a 4.34% decrease in their ownership of the stock. 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. Insiders sold 15,766 shares of company stock worth $1,978,587 over the last 90 days. 17.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $225.00 price objective on shares of Zscaler in a report on Wednesday, June 10th. Barclays lowered their target price on Zscaler from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. BMO Capital Markets cut their price target on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. BTIG Research reissued a “neutral” rating on shares of Zscaler in a research report on Thursday, April 9th. Finally, Piper Sandler reduced their price target on shares of Zscaler from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.21.

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.