Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in Zscaler, Inc. $ZS

Key Points

• Mirae Asset Global Investments increased its stake in Zscaler, Inc. by 9.1%, acquiring an additional 4,496 shares, bringing their total holdings to 53,728 shares valued at approximately $16.87 million.
• Zscaler reported earnings of $0.89 per share, surpassing analyst expectations of $0.80, and achieved a revenue of $719.23 million, an increase of 21.3% from the prior year.
• Insider trading activity includes sales by executives Raj Judge and Robert Schlossman, with a combined total of 11,530 shares sold, indicating some reduction in insider ownership positions.

Mirae Asset Global Investments Co. Ltd. boosted its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,728 shares of the company's stock after buying an additional 4,496 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Zscaler were worth $16,867,000 at the end of the most recent quarter.

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

Zscaler Stock Performance

Shares of ZS opened at $305.41 on Friday. The stock has a 50 day moving average price of $282.18 and a 200 day moving average price of $263.97. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $48.35 billion, a price-to-earnings ratio of -1,131.15 and a beta of 1.06. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $318.46.

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

Insiders Place Their Bets

In other Zscaler news, 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 completion of the sale, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total value of $2,140,823.42. Following the completion of the sale, the insider owned 76,132 shares of the company's stock, valued at approximately $23,263,655.24. This represents a 8.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,884 shares of company stock valued at $11,406,825. 18.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on ZS. Piper Sandler lifted their target price on Zscaler from $260.00 to $280.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Cantor Fitzgerald reissued an "overweight" rating and set a $340.00 price objective on shares of Zscaler in a research report on Wednesday, September 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Zscaler in a research report on Saturday, September 27th. Rosenblatt Securities boosted their price objective on Zscaler from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Finally, Guggenheim reissued a "neutral" rating on shares of Zscaler in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and an average target price of $307.43.

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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