1832 Asset Management L.P. Purchases 262,200 Shares of Zscaler, Inc. $ZS

1832 Asset Management L.P. lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 131.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 461,800 shares of the company’s stock after buying an additional 262,200 shares during the quarter. 1832 Asset Management L.P.’s holdings in Zscaler were worth $144,977,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ZS. Mackenzie Financial Corp raised its holdings in Zscaler by 17.9% during the first quarter. Mackenzie Financial Corp now owns 6,326 shares of the company’s stock valued at $1,255,000 after acquiring an additional 960 shares during the period. Harbour Investments Inc. boosted its stake in shares of Zscaler by 6.9% in the first quarter. Harbour Investments Inc. now owns 1,278 shares of the company’s stock worth $254,000 after acquiring an additional 83 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Zscaler by 13.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,420 shares of the company’s stock worth $1,472,000 after purchasing an additional 855 shares in the last quarter. Scotia Capital Inc. raised its stake in Zscaler by 96.1% during the 1st quarter. Scotia Capital Inc. now owns 29,031 shares of the company’s stock valued at $5,760,000 after purchasing an additional 14,224 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its holdings in Zscaler by 3.4% in the 1st quarter. Thoroughbred Financial Services LLC now owns 12,953 shares of the company’s stock worth $2,570,000 after purchasing an additional 426 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the sale, the chief executive officer directly owned 350,700 shares of the company’s stock, valued at $98,441,490. The trade was a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the completion of the sale, the executive vice president owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 43,084 shares of company stock valued at $12,446,825. Company insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Zscaler from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $365.00 target price on shares of Zscaler in a research note on Wednesday, November 26th. HC Wainwright reiterated a “buy” rating on shares of Zscaler in a report on Wednesday, November 26th. Mizuho dropped their price objective on shares of Zscaler from $325.00 to $310.00 and set a “neutral” rating for the company in a report on Wednesday, November 26th. Finally, Citigroup cut their price objective on Zscaler from $365.00 to $350.00 and set a “buy” rating for the company in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $321.87.

Zscaler Trading Down 0.7%

Shares of ZS opened at $241.68 on Wednesday. The firm has a market capitalization of $38.54 billion, a price-to-earnings ratio of -929.50 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $336.99. The company has a 50-day moving average of $301.71 and a 200 day moving average of $291.57.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, November 25th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The business had revenue of $788.11 million for the quarter, compared to the consensus estimate of $773.86 million. During the same period in the prior year, the firm earned $0.77 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. On average, research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

About Zscaler

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.