Optas LLC Cuts Stock Position in Zscaler, Inc. $ZS

Optas LLC lowered its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 47.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,580 shares of the company's stock after selling 1,409 shares during the period. Optas LLC's holdings in Zscaler were worth $496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ZS. Parisi Gray Wealth Management purchased a new position in shares of Zscaler during the 2nd quarter valued at $801,000. GAMMA Investing LLC lifted its position in shares of Zscaler by 43.1% during the 1st quarter. GAMMA Investing LLC now owns 641 shares of the company's stock valued at $127,000 after buying an additional 193 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Zscaler by 2.5% during the 1st quarter. Focus Partners Wealth now owns 62,083 shares of the company's stock valued at $12,319,000 after buying an additional 1,517 shares during the last quarter. Howe & Rusling Inc. lifted its position in shares of Zscaler by 17.1% during the 1st quarter. Howe & Rusling Inc. now owns 24,672 shares of the company's stock valued at $4,895,000 after buying an additional 3,611 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Zscaler by 47.4% during the 1st quarter. Allworth Financial LP now owns 1,002 shares of the company's stock valued at $211,000 after buying an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $313.89 on Thursday. The firm has a market capitalization of $49.69 billion, a P/E ratio of -1,162.56 and a beta of 1.06. 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 stock's 50-day simple moving average is $283.08 and its two-hundred day simple moving average is $265.62. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. The business had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company's quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior 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, equities analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZS has been the topic of a number of recent research reports. Royal Bank Of Canada upped their price target on Zscaler from $335.00 to $350.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. BTIG Research reaffirmed a "buy" rating on shares of Zscaler in a research report on Thursday, July 10th. B. Riley assumed coverage on Zscaler in a report on Tuesday, August 26th. They set a "neutral" rating and a $275.00 price objective on the stock. Canaccord Genuity Group increased their price objective on Zscaler from $320.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Zscaler in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $307.43.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the stock in a transaction dated 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 directly owned 350,700 shares in the company, valued at approximately $98,441,490. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Schlossman sold 7,006 shares of the stock in a transaction dated 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 transaction, the insider owned 76,132 shares in the company, valued at $23,263,655.24. This trade represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,884 shares of company stock valued at $11,406,825 over the last 90 days. Company insiders own 18.10% of the company's stock.

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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