5,955 Zscaler, Inc. $ZS Shares Bought by Brighton Jones LLC

Key Points

• Brighton Jones LLC increased its Zscaler stake by 114.9% in the third quarter, buying 5,955 shares to hold 11,136 shares worth about $2.22 million.
• Analyst sentiment is broadly positive: 36 analysts rate Zscaler Buy, eight Hold, and one Sell, producing a consensus “Moderate Buy” rating and a $236.65 average price target.
• Zscaler’s latest reported quarter beat estimates, with earnings of $1.19 per share versus $1.09 expected and revenue of $898.19 million, up 24.9% year over year.

Brighton Jones LLC increased its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 114.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,136 shares of the company's stock after buying an additional 5,955 shares during the period. Brighton Jones LLC's holdings in Zscaler were worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ZS. Quintet Private Bank Europe S.A. raised its position in Zscaler by 4.5% during the third quarter. Quintet Private Bank Europe S.A. now owns 1,170 shares of the company's stock valued at $233,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC increased its holdings in Zscaler by 3.9% in 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. Triumph Capital Management lifted its stake in shares of Zscaler by 6.3% in the third quarter. Triumph Capital Management now owns 923 shares of the company's stock worth $184,000 after acquiring an additional 55 shares during the period. NFSG Corp lifted its position in shares of Zscaler by 2.6% in the 3rd quarter. NFSG Corp now owns 2,437 shares of the company's stock worth $486,000 after purchasing an additional 62 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in Zscaler by 18.8% during the second quarter. Parkside Financial Bank & Trust now owns 417 shares of the company's stock valued at $59,000 after acquiring an additional 66 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZS. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $236.00 target price on shares of Zscaler in a research report on Wednesday, October 7th. JPMorgan Chase & Co. upped their price objective on Zscaler from $215.00 to $245.00 and gave the company an "overweight" rating in a research note on Wednesday, October 7th. Citigroup boosted their price target on shares of Zscaler from $245.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, October 15th. UBS Group boosted their price objective on Zscaler from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 7th. Finally, Wells Fargo & Company raised their price target on shares of Zscaler from $215.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, October 7th. Thirty-six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $236.65.

Zscaler Trading Up 0.7%

NASDAQ:ZS opened at $199.04 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $333.90. The company has a 50-day moving average price of $208.31 and a 200-day moving average price of $167.63. The stock has a market cap of $32.45 billion, a price-to-earnings ratio of -510.36, a P/E/G ratio of 21.34 and a beta of 0.82.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.10. The company had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Equities analysts predict that Zscaler, Inc. will post 0.70 EPS for the current year.

Insider Buying and Selling at Zscaler

In related news, Director James A. Beer sold 177 shares of Zscaler stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $192.01, for a total transaction of $33,985.77. Following the sale, the director owned 4,030 shares of the company's stock, valued at approximately $773,800.30. This trade represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 5,394 shares of Zscaler stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $200.00, for a total value of $1,078,800.00. Following the sale, the insider directly owned 61,525 shares in the company, valued at $12,305,000. This trade represents a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. 17.20% of the stock is owned by corporate insiders.

Zscaler Company Profile

Zscaler, Inc is a cloud security company that provides services designed to help organizations protect users, applications, and data. Its platform, the Zscaler Zero Trust Exchange, connects users and devices to applications while applying security controls, rather than relying on traditional network boundaries.

The company's offerings include Zscaler Internet Access for securing internet and software-as-a-service traffic, and Zscaler Private Access for providing secure access to private applications.

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