2,294 Zscaler, Inc. $ZS Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its holdings in Zscaler, Inc. (NASDAQ:ZS) by 35.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,189 shares of the company’s stock after selling 2,294 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Zscaler were worth $835,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Apollon Wealth Management LLC increased its position in Zscaler by 45.4% in the third quarter. Apollon Wealth Management LLC now owns 5,479 shares of the company’s stock worth $1,093,000 after buying an additional 1,712 shares during the period. Capelight Capital Asset Management LP acquired a new stake in Zscaler in the 3rd quarter valued at approximately $3,191,000. Kingswood Wealth Advisors LLC acquired a new position in Zscaler during the 3rd quarter worth $280,000. Signaturefd LLC increased its holdings in shares of Zscaler by 3.9% during the third quarter. Signaturefd LLC now owns 1,401 shares of the company’s stock valued at $279,000 after purchasing an additional 52 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new stake in Zscaler in the third quarter worth about $2,040,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZS has been the subject of several recent analyst reports. Canaccord Genuity Group increased their price objective on shares of Zscaler from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Guggenheim boosted their price target on shares of Zscaler from $214.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Zscaler in a research report on Friday, September 4th. Morgan Stanley boosted their target price on shares of Zscaler from $165.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 7th. Finally, DA Davidson initiated coverage on Zscaler in a report on Wednesday, October 21st. They issued a “neutral” rating and a $215.00 target price on the stock. Thirty-six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.65.

Zscaler Stock Performance

ZS stock opened at $225.09 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $36.70 billion, a price-to-earnings ratio of -577.15, a P/E/G ratio of 21.28 and a beta of 0.82. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $335.70. The firm has a 50 day moving average of $206.02 and a two-hundred day moving average of $167.70.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The company had revenue of $898.19 million during the quarter, compared to analysts’ expectations of $876.96 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. 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, equities analysts anticipate that Zscaler, Inc. will post 0.70 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kevin Rubin sold 5,957 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $192.76, for a total transaction of $1,148,271.32. Following the completion of the sale, the chief financial officer owned 43,287 shares in the company, valued at $8,344,002.12. This represents a 12.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 5,394 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the transaction, the insider owned 61,525 shares of the company’s stock, valued at approximately $12,305,000. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 55,105 shares of company stock valued at $11,563,836. Company insiders own 17.20% of the company’s stock.

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.