Diversified Trust Co Sells 2,503 Shares of Zscaler, Inc. $ZS

Key Points

• Diversified Trust Co has reduced its holdings in Zscaler, Inc. by 43.1%, selling 2,503 shares and now owning 3,307 shares valued at approximately $1,038,000.
• Insider sales have also been notable, with Robert Schlossman and Raj Judge selling shares on September 16th, contributing to a total of 32,878 shares sold by insiders worth over $9 million in the last ninety days.
• Zscaler recently reported earnings, exceeding estimates with an EPS of $0.89 for the last quarter, and set future guidance indicating potential continued growth.

Diversified Trust Co decreased its stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 43.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,307 shares of the company's stock after selling 2,503 shares during the period. Diversified Trust Co's holdings in Zscaler were worth $1,038,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ZS. ORG Partners LLC grew its stake in shares of Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after acquiring an additional 94 shares during the period. SVB Wealth LLC purchased a new stake in shares of Zscaler in the 1st quarter valued at $26,000. Goodman Advisory Group LLC purchased a new stake in Zscaler during the first quarter worth $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Zscaler in the first quarter valued at about $29,000. Finally, CVA Family Office LLC raised its stake in Zscaler by 120.3% during the first quarter. CVA Family Office LLC now owns 152 shares of the company's stock worth $30,000 after purchasing an additional 83 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ZS shares. Morgan Stanley upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $280.00 to $320.00 in a research note on Tuesday, September 2nd. KeyCorp increased their target price on shares of Zscaler from $345.00 to $350.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Wedbush reissued an "outperform" rating and set a $330.00 price target on shares of Zscaler in a research report on Wednesday, September 3rd. Mizuho increased their price target on Zscaler from $275.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, BMO Capital Markets raised their price target on Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.00.

Insiders Place Their Bets

In other news, insider Robert Schlossman sold 3,832 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,075,642.40. Following the sale, the insider owned 83,138 shares in the company, valued at $23,336,836.60. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Geller sold 11,193 shares of Zscaler stock in a transaction that occurred 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 transaction, 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 can be found here. Over the last quarter, insiders sold 32,878 shares of company stock valued at $9,266,002. 18.10% of the stock is currently owned by corporate insiders.

Zscaler Trading Down 0.9%

NASDAQ ZS traded down $2.70 on Monday, hitting $291.57. The company's stock had a trading volume of 1,069,529 shares, compared to its average volume of 1,942,154. The firm has a market cap of $46.16 billion, a PE ratio of -1,079.89 and a beta of 1.05. The company's 50-day moving average is $280.39 and its 200 day moving average is $258.25. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.09. The business had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business's revenue was up 21.3% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. As a group, analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal 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.