Advisory Services Network LLC Purchases 6,125 Shares of Zscaler, Inc. $ZS

Advisory Services Network LLC raised its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 34.6% during the second quarter, Holdings Channel.com reports. The fund owned 23,844 shares of the company’s stock after buying an additional 6,125 shares during the period. Advisory Services Network LLC’s holdings in Zscaler were worth $6,809,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quaker Wealth Management LLC raised its stake in Zscaler by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 194 shares during the period. Exane Asset Management raised its position in shares of Zscaler by 185.7% during the second quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Kozak & Associates Inc. purchased a new position in shares of Zscaler in the second quarter worth $35,000. SVB Wealth LLC bought a new position in shares of Zscaler during the first quarter worth $26,000. Finally, Ameritas Advisory Services LLC purchased a new position in Zscaler during the second quarter valued at $41,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Macquarie initiated coverage on shares of Zscaler in a research note on Friday, October 31st. They issued an “outperform” rating and a $390.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $365.00 target price on shares of Zscaler in a research report on Wednesday, November 26th. JMP Securities restated a “market outperform” rating and set a $355.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. Morgan Stanley lifted their price objective on Zscaler from $320.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Finally, Bank of America lowered their target price on Zscaler from $355.00 to $335.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.45.

Insiders Place Their Bets

In related news, EVP Raj Judge sold 4,524 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the transaction, the executive vice president owned 73,832 shares in the company, valued at $20,724,642.40. The trade was a 5.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Geller sold 11,193 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 value of $3,141,875.10. Following the completion of the sale, the insider owned 53,942 shares in the company, valued at approximately $15,141,519.40. The trade was a 17.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,084 shares of company stock worth $12,446,825 over the last three months. 17.20% of the stock is currently owned by corporate insiders.

Zscaler Stock Performance

NASDAQ:ZS opened at $236.28 on Monday. The firm has a market capitalization of $37.68 billion, a PE ratio of -908.73 and a beta of 1.07. The stock’s fifty day moving average is $292.87 and its 200 day moving average is $290.95. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $336.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. The business had revenue of $788.11 million for the quarter, compared to analysts’ expectations of $773.86 million. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The business’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share. 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, sell-side analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Zscaler Company Profile

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.