Freedom Investment Management Inc. Sells 919 Shares of Zscaler, Inc. $ZS

Key Points

• Freedom Investment Management Inc. has decreased its stake in Zscaler, Inc. by 21.2%, selling 919 shares and now holding 3,411 shares valued at approximately $1,071,000.
• Multiple institutional investors increased their positions in Zscaler, notably GAMMA Investing LLC which boosted its stake by 43.1% in the 1st quarter.
• Zscaler's shares opened at $318.77 on Friday, having reached a 52-week high of $319.89, and the company reported earnings of $0.89 EPS for the last quarter, surpassing expectations.

Freedom Investment Management Inc. reduced its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 21.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,411 shares of the company's stock after selling 919 shares during the period. Freedom Investment Management Inc.'s holdings in Zscaler were worth $1,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ZS. GAMMA Investing LLC boosted its position in shares of Zscaler by 43.1% in the 1st quarter. GAMMA Investing LLC now owns 641 shares of the company's stock worth $127,000 after purchasing an additional 193 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Zscaler by 10.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,072 shares of the company's stock worth $4,975,000 after buying an additional 2,378 shares during the period. Oppenheimer & Co. Inc. raised its stake in Zscaler by 25.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 4,214 shares of the company's stock worth $836,000 after buying an additional 856 shares during the period. Asset Management One Co. Ltd. raised its stake in Zscaler by 7.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 83,036 shares of the company's stock worth $16,476,000 after buying an additional 5,738 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Zscaler during the 1st quarter worth $207,000. 46.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Robert Schlossman sold 7,006 shares of Zscaler stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the transaction, the insider owned 76,132 shares in the company, valued at approximately $23,263,655.24. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the business's 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 $1,269,886.80. Following the sale, the executive vice president owned 73,832 shares of the company's stock, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,884 shares of company stock worth $11,406,825 over the last 90 days. 18.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Stifel Nicolaus raised their price objective on Zscaler from $295.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Needham & Company LLC reissued a "buy" rating and issued a $350.00 price target on shares of Zscaler in a research note on Wednesday, September 3rd. Wedbush reissued an "outperform" rating and issued a $330.00 price target on shares of Zscaler in a research note on Wednesday, September 3rd. BTIG Research reissued a "buy" rating on shares of Zscaler in a research note on Thursday, July 10th. Finally, Morgan Stanley raised Zscaler from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $280.00 to $320.00 in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $307.86.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $318.77 on Friday. The stock has a market capitalization of $50.46 billion, a price-to-earnings ratio of -1,180.63 and a beta of 1.06. The business has a 50-day moving average of $289.57 and a 200-day moving average of $273.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $319.89.

Zscaler (NASDAQ:ZS - Get Free Report) last announced 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 company had revenue of $719.23 million during 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%.Zscaler's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter last year, the company 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, sell-side analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Zscaler Company 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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