Mitchell Capital Management Co. Has $5.28 Million Holdings in Zscaler, Inc. $ZS

Key Points

• Mitchell Capital Management Co. reduced its holdings in Zscaler, Inc. by 7.5% during the second quarter, now owning 18,270 shares valued at approximately $5.28 million.
• Analysts have raised their price targets for Zscaler, with Canaccord Genuity increasing theirs from $320 to $340 and Royal Bank of Canada from $335 to $350, indicating a positive outlook on the stock.
• Recent insider transactions show significant share sales, including Adam Geller selling 10,464 shares and Robert Schlossman selling 7,006 shares, reflecting a decrease in their ownership stakes in the company.

Mitchell Capital Management Co. lessened its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,270 shares of the company's stock after selling 1,477 shares during the quarter. Mitchell Capital Management Co.'s holdings in Zscaler were worth $5,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Prostatis Group LLC acquired a new stake in shares of Zscaler during the 2nd quarter worth approximately $255,000. CWM LLC grew its holdings in shares of Zscaler by 10.4% during the 2nd quarter. CWM LLC now owns 24,582 shares of the company's stock worth $7,717,000 after purchasing an additional 2,308 shares in the last quarter. OFI Invest Asset Management grew its holdings in shares of Zscaler by 2.4% during the 2nd quarter. OFI Invest Asset Management now owns 5,710 shares of the company's stock worth $1,793,000 after purchasing an additional 132 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Zscaler by 14.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,424 shares of the company's stock worth $4,215,000 after purchasing an additional 1,738 shares in the last quarter. Finally, Oak Ridge Investments LLC acquired a new stake in shares of Zscaler during the 2nd quarter worth approximately $407,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Canaccord Genuity Group upped their price target on Zscaler from $320.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. Royal Bank Of Canada boosted their target price on shares of Zscaler from $335.00 to $350.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Morgan Stanley upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $280.00 to $320.00 in a research report on Tuesday, September 2nd. Rosenblatt Securities boosted their price target on shares of Zscaler from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Zscaler from $348.00 to $351.00 and gave the stock an "overweight" rating in a report on Wednesday, September 3rd. One equities research 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.43.

Insider Transactions at Zscaler

In other news, insider Adam Geller sold 10,464 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the completion of the sale, the insider owned 43,478 shares in the company, valued at $12,358,621.50. The trade was a 19.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Schlossman sold 7,006 shares of the business's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total value of $2,140,823.42. Following the sale, the insider owned 76,132 shares of the company's stock, valued at approximately $23,263,655.24. The trade was a 8.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,884 shares of company stock worth $11,406,825. Insiders own 18.10% of the company's stock.

Zscaler Trading Down 1.7%

Shares of ZS opened at $309.88 on Monday. The stock has a fifty day moving average price of $284.27 and a two-hundred day moving average price of $267.79. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $319.89. The company has a market cap of $49.05 billion, a price-to-earnings ratio of -1,147.70 and a beta of 1.06.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same quarter in the previous year, the company posted $0.88 EPS. The business's revenue for the quarter was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

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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