Equitable Holdings Inc. Invests $898,000 in Zscaler, Inc. $ZS

Equitable Holdings Inc. purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,363 shares of the company's stock, valued at approximately $898,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Centaurus Financial Inc. bought a new stake in Zscaler in the 2nd quarter valued at about $484,000. Jefferies Financial Group Inc. acquired a new position in shares of Zscaler during the 2nd quarter worth approximately $544,000. Public Employees Retirement System of Ohio bought a new position in shares of Zscaler during the second quarter worth approximately $4,203,000. Pure Financial Advisors LLC bought a new position in shares of Zscaler during the second quarter worth approximately $301,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Zscaler in the second quarter valued at approximately $1,250,000. Institutional investors and hedge funds own 46.45% of the company's stock.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: J.P. Morgan initiated or reiterated a Buy rating on Zscaler and raised its price target to $215 from $205, suggesting meaningful upside and confidence in the company’s long-term cloud-security growth. Zscaler gets a Buy from J.P. Morgan
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing for research into self-improving artificial-intelligence models. The investment could strengthen Zscaler’s exposure to enterprise AI, although it is unlikely to materially affect near-term earnings. Deep Cogito raises $43 million Series A
• Positive Sentiment: A broader cybersecurity re-rating has lifted previously lagging stocks, with Zscaler benefiting from increased investor interest in security software and AI-related growth. The move was accompanied by a strong gain in the First Trust NASDAQ Cybersecurity ETF. Cybersecurity re-rating reaches lagging stocks
• Neutral Sentiment: Zscaler is expected to report quarterly results on Thursday. Its prior quarter featured a revenue and adjusted EPS beat, with revenue up 25.4% year over year, but investors will look for sustained billings, guidance, and AI-driven demand before extending the recent rally. Zscaler expected to announce quarterly earnings
• Neutral Sentiment: The broader market may remain sensitive to next week’s August jobs report and its implications for Federal Reserve policy, interest rates, and valuation multiples for high-growth technology stocks. August jobs report takes center stage
• Negative Sentiment: CFO Kevin Rubin sold 503 shares worth approximately $87,210 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only about 1.2%, making it a limited sentiment concern rather than a fundamental warning. Zscaler CFO sells stock

Analyst Ratings Changes

Several brokerages recently issued reports on ZS. Stephens reiterated an "overweight" rating and issued a $200.00 price target on shares of Zscaler in a research note on Friday, June 12th. Sanford C. Bernstein lowered their price objective on Zscaler from $228.00 to $224.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $225.00 price objective on shares of Zscaler in a report on Wednesday, August 19th. Canaccord Genuity Group reiterated a "buy" rating and set a $210.00 target price on shares of Zscaler in a research report on Thursday, June 11th. Finally, HC Wainwright raised Zscaler from a "buy" rating to a "buy" rating in a report on Monday, May 18th. Thirty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.18.

Insider Activity at Zscaler

In related news, insider Adam Geller sold 2,817 shares of Zscaler stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following the sale, the insider directly owned 42,314 shares of the company's stock, valued at approximately $5,187,696.40. The trade was a 6.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $124.22, for a total transaction of $372,660.00. Following the completion of the transaction, the chief financial officer directly owned 41,901 shares of the company's stock, valued at approximately $5,204,942.22. The trade was a 6.68% 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. Insiders sold a total of 16,772 shares of company stock worth $2,139,799 over the last three months. 17.20% of the stock is owned by insiders.

Zscaler Stock Performance

NASDAQ ZS opened at $184.23 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of -383.80, a P/E/G ratio of 108.44 and a beta of 0.94. The firm's 50 day simple moving average is $156.19 and its 200 day simple moving average is $150.37. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99.

Zscaler Company Profile

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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