Brighton Jones LLC Has $1.91 Million Stake in Zscaler, Inc. $ZS

Brighton Jones LLC increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 109.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,385 shares of the company’s stock after purchasing an additional 3,339 shares during the quarter. Brighton Jones LLC’s holdings in Zscaler were worth $1,913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. VestGen Advisors LLC bought a new stake in Zscaler during the 2nd quarter worth approximately $1,592,000. Brookstone Capital Management bought a new position in Zscaler in the second quarter valued at approximately $283,000. Mackenzie Financial Corp boosted its holdings in shares of Zscaler by 133.6% in the second quarter. Mackenzie Financial Corp now owns 14,780 shares of the company’s stock valued at $4,640,000 after buying an additional 8,454 shares during the period. Schroder Investment Management Group increased its position in shares of Zscaler by 11.5% during the second quarter. Schroder Investment Management Group now owns 164,061 shares of the company’s stock worth $51,505,000 after acquiring an additional 16,868 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of Zscaler by 9.9% during the second quarter. Ensign Peak Advisors Inc now owns 395,391 shares of the company’s stock worth $124,129,000 after acquiring an additional 35,770 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kevin Rubin sold 3,303 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $762,398.46. Following the completion of the sale, the chief financial officer directly owned 48,161 shares in the company, valued at approximately $11,116,522.02. This trade represents a 6.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam Geller sold 1,620 shares of Zscaler stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $232.79, for a total value of $377,119.80. Following the transaction, the insider owned 50,528 shares of the company’s stock, valued at $11,762,413.12. The trade was a 3.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 28,903 shares of company stock worth $7,504,284 in the last 90 days. 17.20% of the stock is owned by corporate insiders.

Zscaler Trading Down 0.2%

NASDAQ ZS opened at $232.05 on Tuesday. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $336.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $283.57 and a 200-day moving average of $288.66. The company has a market cap of $37.01 billion, a PE ratio of -892.47, a PEG ratio of 4,459.13 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. The firm had revenue of $788.11 million for the quarter, compared to analyst estimates of $773.86 million. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the firm 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, equities research analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ZS shares. B. Riley assumed coverage on shares of Zscaler in a research note on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 target price for the company. Citizens Jmp reaffirmed a “market outperform” rating and set a $355.00 price objective on shares of Zscaler in a research report on Wednesday, November 26th. Piper Sandler lifted their target price on Zscaler from $260.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. Needham & Company LLC cut their target price on Zscaler from $350.00 to $310.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Finally, Berenberg Bank decreased their price target on shares of Zscaler from $400.00 to $390.00 and set a “buy” rating for the company in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $322.66.

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.