Sandler Capital Management Sells 6,872 Shares of Zscaler, Inc. $ZS

Key Points

• Sandler Capital Management cut its stake in Zscaler, Inc. by 50.2% after selling 6,872 shares, leaving them with 6,825 shares valued at approximately $1.35 million.
• During the first quarter, several institutional investors boosted their positions in Zscaler, which is currently owned 46.45% by such entities.
• Zscaler's stock recently opened at $274.20 and has a reported 52-week high of $318.46, alongside an earnings per share of $0.89 for the latest quarter.

Sandler Capital Management reduced its holdings in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 50.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,825 shares of the company's stock after selling 6,872 shares during the period. Sandler Capital Management's holdings in Zscaler were worth $1,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ZS. ORG Partners LLC grew its position in Zscaler by 284.8% during the first quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Zscaler during the first quarter valued at approximately $26,000. Colonial Trust Co SC purchased a new stake in shares of Zscaler during the fourth quarter valued at approximately $28,000. Goodman Advisory Group LLC purchased a new stake in shares of Zscaler during the first quarter valued at approximately $29,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Zscaler during the first quarter valued at approximately $29,000. 46.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Syam Nair sold 4,064 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $1,234,236.80. Following the completion of the transaction, the insider owned 106,659 shares of the company's stock, valued at approximately $32,392,338.30. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Raj Judge sold 2,957 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $898,040.90. Following the transaction, the executive vice president directly owned 76,289 shares of the company's stock, valued at $23,168,969.30. This represents a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,305 shares of company stock valued at $43,199,936. Company insiders own 18.10% of the company's stock.

Zscaler Stock Up 2.2%

Shares of ZS stock opened at $274.20 on Friday. The stock has a fifty day moving average of $285.29 and a 200 day moving average of $250.88. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $318.46. The firm has a market capitalization of $42.69 billion, a price-to-earnings ratio of -1,015.56, a PEG ratio of 221.54 and a beta of 1.05.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.49% and a negative net margin of 1.55%.The company had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. During the same quarter last year, the firm posted $0.88 earnings per share. The firm's revenue was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Zscaler from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday. B. Riley assumed coverage on shares of Zscaler in a research report on Tuesday, August 26th. They issued a "neutral" rating and a $275.00 price objective on the stock. Roth Capital restated a "neutral" rating on shares of Zscaler in a research report on Wednesday, May 28th. Zacks Research cut shares of Zscaler from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Finally, Mizuho boosted their price objective on shares of Zscaler from $275.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Zscaler currently has an average rating of "Moderate Buy" and an average price target of $307.00.

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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