Sequoia Financial Advisors LLC Has $17.33 Million Position in Zscaler, Inc. $ZS

Key Points

• Sequoia Financial Advisors LLC increased its stake in Zscaler, Inc. by 3.1%, owning a total of 55,188 shares valued at approximately $17.33 million as of the latest SEC filing.
• Zscaler reported a quarterly earnings per share (EPS) of $0.89, exceeding expectations by $0.09, with revenue of $719.23 million, marking a 21.3% year-over-year increase.
• Several institutional investors have recently escalated their holdings in Zscaler, indicating confidence in the company's performance, with institutional ownership now at 46.45%.

Sequoia Financial Advisors LLC raised its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,188 shares of the company's stock after buying an additional 1,677 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Zscaler were worth $17,326,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Exane Asset Management lifted its stake in Zscaler by 185.7% in the second quarter. Exane Asset Management now owns 100 shares of the company's stock valued at $31,000 after buying an additional 65 shares in the last quarter. Kozak & Associates Inc. bought a new position in Zscaler in the second quarter valued at approximately $35,000. ORG Partners LLC lifted its stake in Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after buying an additional 94 shares in the last quarter. SVB Wealth LLC bought a new position in Zscaler in the first quarter valued at approximately $26,000. Finally, Ameritas Advisory Services LLC bought a new position in Zscaler in the second quarter valued at approximately $41,000. Institutional investors own 46.45% of the company's stock.

Zscaler Price Performance

Shares of ZS opened at $309.88 on Monday. 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, Inc. has a 1-year low of $164.78 and a 1-year high of $319.89. The company's fifty day simple moving average is $284.27 and its 200 day simple moving average is $267.79. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The firm had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. During the same period in the previous year, the company earned $0.88 earnings per share. The company's quarterly 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. On average, research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, insider Adam Geller sold 11,193 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares in the company, valued at $15,141,519.40. The trade was a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the transaction, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,884 shares of company stock valued at $11,406,825 in the last ninety days. Company insiders own 18.10% of the company's stock.

Analysts Set New Price Targets

ZS has been the topic of a number of research reports. Rosenblatt Securities lifted their price target on shares of Zscaler from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Zscaler from $348.00 to $351.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. KeyCorp boosted their price objective on shares of Zscaler from $345.00 to $350.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. JMP Securities reissued a "market outperform" rating and issued a $355.00 price objective on shares of Zscaler in a research report on Wednesday, September 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Zscaler from $295.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given 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, Zscaler presently has a consensus rating of "Moderate Buy" and a consensus target price of $307.43.

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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