Brown Advisory Inc. Sells 24,359 Shares of Zscaler, Inc. $ZS

Brown Advisory Inc. decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 56.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,011 shares of the company’s stock after selling 24,359 shares during the quarter. Brown Advisory Inc.’s holdings in Zscaler were worth $5,968,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. acquired a new position in shares of Zscaler in the 1st quarter valued at approximately $516,622,000. Vanguard Group Inc. increased its stake in Zscaler by 8.3% in the second quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock valued at $3,363,909,000 after acquiring an additional 824,626 shares during the last quarter. Nuveen LLC acquired a new position in Zscaler during the first quarter valued at approximately $153,340,000. Woodline Partners LP acquired a new position in Zscaler during the first quarter valued at approximately $70,340,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Zscaler by 167.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 421,393 shares of the company’s stock worth $132,250,000 after purchasing an additional 263,982 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Stock Performance

Shares of Zscaler stock opened at $244.88 on Tuesday. The stock has a market cap of $39.05 billion, a price-to-earnings ratio of -941.81 and a beta of 1.07. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $336.99. The company’s fifty day moving average is $297.92 and its 200 day moving average is $291.33. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.86.

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

Insider Activity

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on ZS. Needham & Company LLC decreased their price target on Zscaler from $350.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Wall Street Zen lowered Zscaler from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. B. Riley assumed coverage on Zscaler in a research report on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 target price on the stock. Piper Sandler increased their target price on shares of Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Zscaler in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $321.87.

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.