E. Ohman J or Asset Management AB Decreases Stake in Zscaler, Inc. $ZS

Key Points

• E. Ohman J or Asset Management AB decreased its stake in Zscaler, Inc. by 18.2% in the second quarter, holding 4,050 shares valued at approximately $1.27 million.
• Insider Adam Geller sold 3,662 shares at an average price of $306.72, reducing his stake by 7.26% to a total of 46,813 shares.
• Zscaler reported a 21.3% year-over-year increase in revenue, totaling $719.23 million, and beat EPS estimates at $0.89 for the last quarter.

E. Ohman J or Asset Management AB lowered its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 18.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,050 shares of the company's stock after selling 900 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Zscaler were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. ORG Partners LLC raised 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 purchasing an additional 94 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Zscaler in the first quarter worth $26,000. Goodman Advisory Group LLC purchased a new position in shares of Zscaler in the first quarter worth $29,000. N.E.W. Advisory Services LLC purchased a new stake in Zscaler during the first quarter valued at $29,000. Finally, Elequin Capital LP purchased a new stake in Zscaler during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 46.45% of the company's stock.

Insider Buying and Selling

In other Zscaler news, insider Adam Geller sold 3,662 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total transaction of $1,123,208.64. Following the sale, the insider directly owned 46,813 shares in the company, valued at $14,358,483.36. This represents a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert Schlossman sold 3,174 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $305.07, for a total value of $968,292.18. Following the sale, the insider owned 88,970 shares in the company, valued at approximately $27,142,077.90. This trade represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.10% of the company's stock.

Zscaler Price Performance

Shares of Zscaler stock opened at $285.66 on Tuesday. The stock has a 50 day moving average of $281.75 and a 200 day moving average of $255.12. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46. The firm has a market cap of $45.22 billion, a PE ratio of -1,058.00 and a beta of 1.05. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95.

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

Analyst Upgrades and Downgrades

ZS has been the subject of a number of research reports. Oppenheimer upped their price objective on Zscaler from $290.00 to $345.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Bank of America upped their price objective on Zscaler from $285.00 to $340.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Barclays upped their price objective on Zscaler from $300.00 to $320.00 and gave the company an "overweight" rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. upped their price objective on Zscaler from $348.00 to $351.00 and gave the company an "overweight" rating in a research report on Wednesday, September 3rd. Finally, FBN Securities upgraded Zscaler to a "strong-buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $307.00.

Zscaler 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.

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