LaFleur & Godfrey LLC Has $18.67 Million Stock Holdings in Zscaler, Inc. $ZS

Key Points

• LaFleur & Godfrey LLC reduced its holdings in Zscaler, Inc. by 6.4%, leaving them with 59,469 shares worth approximately $18.67 million.
• In recent insider trading, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock for over $804,000, while another insider, Adam Geller, sold 10,464 shares for nearly $2.97 million.
• Zscaler's stock has seen a positive forecast, with analysts giving it a consensus price target of $307.00 and various target price upgrades recently made by multiple research firms.

LaFleur & Godfrey LLC cut its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,469 shares of the company's stock after selling 4,054 shares during the period. Zscaler accounts for about 2.3% of LaFleur & Godfrey LLC's investment portfolio, making the stock its 11th biggest position. LaFleur & Godfrey LLC's holdings in Zscaler were worth $18,670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Zscaler during the second quarter worth approximately $316,000. GAMMA Investing LLC increased its stake in Zscaler by 19.5% in the second quarter. GAMMA Investing LLC now owns 766 shares of the company's stock valued at $240,000 after purchasing an additional 125 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Zscaler in the second quarter valued at approximately $390,000. Kaufman Rossin Wealth LLC bought a new stake in Zscaler in the second quarter valued at approximately $269,000. Finally, Farther Finance Advisors LLC increased its stake in Zscaler by 17.4% in the second quarter. Farther Finance Advisors LLC now owns 1,045 shares of the company's stock valued at $328,000 after purchasing an additional 155 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Performance

Zscaler stock traded down $2.70 during midday trading 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. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $318.46. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The company has a 50-day moving average price of $280.39 and a two-hundred day moving average price of $258.25. The company has a market cap of $46.16 billion, a price-to-earnings ratio of -1,079.89 and a beta of 1.05.

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, topping the consensus estimate of $0.80 by $0.09. The business had revenue of $719.23 million during the quarter, compared to analysts' expectations of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The business's revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous 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 year.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 3,832 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $1,075,642.40. Following the completion of the transaction, the insider directly owned 83,138 shares in the company, valued at $23,336,836.60. This represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company'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 transaction of $804,205.50. Following the transaction, the chief executive officer owned 350,700 shares of the company's stock, valued at approximately $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,878 shares of company stock valued at $9,266,002 in the last quarter. 18.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ZS shares. KeyCorp upped their target price on shares of Zscaler from $345.00 to $350.00 and gave the company an "overweight" rating in a research note on Wednesday, September 3rd. BTIG Research reissued a "buy" rating on shares of Zscaler in a research report on Thursday, July 10th. FBN Securities raised shares of Zscaler to a "strong-buy" rating in a research report on Friday, May 30th. Oppenheimer increased their price objective on shares of Zscaler from $290.00 to $345.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Finally, BMO Capital Markets increased their price objective on shares of Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $307.00.

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.