Triumph Capital Management Sells 3,660 Shares of Zscaler, Inc. $ZS

Key Points

• Triumph Capital Management drastically reduced its holdings in Zscaler by 80.8%, selling 3,660 shares and now owning only 872 shares valued at $274,000.
• Zscaler reported an EPS of $0.89 for the latest quarter, exceeding analysts' estimates, with revenue increasing by 21.3% year-over-year.
• The stock has garnered positive analyst ratings, with a consensus price target of $307.00 and 29 "Buy" ratings from investment analysts.

Triumph Capital Management reduced its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 80.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 872 shares of the company's stock after selling 3,660 shares during the period. Triumph Capital Management's holdings in Zscaler were worth $274,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Zscaler by 43.1% during the 1st quarter. GAMMA Investing LLC now owns 641 shares of the company's stock worth $127,000 after buying an additional 193 shares during the period. Parisi Gray Wealth Management bought a new stake in Zscaler in the 2nd quarter valued at $801,000. Allworth Financial LP boosted its holdings in Zscaler by 47.4% in the 1st quarter. Allworth Financial LP now owns 1,002 shares of the company's stock valued at $211,000 after purchasing an additional 322 shares during the period. Focus Partners Wealth boosted its holdings in Zscaler by 2.5% in the 1st quarter. Focus Partners Wealth now owns 62,083 shares of the company's stock valued at $12,319,000 after purchasing an additional 1,517 shares during the period. Finally, Anderson Financial Strategies LLC bought a new stake in Zscaler in the 1st quarter valued at $238,000. 46.45% of the stock is owned by institutional investors.

Zscaler Stock Down 1.3%

Shares of NASDAQ:ZS opened at $281.96 on Wednesday. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46. The company's 50-day moving average price is $281.14 and its two-hundred day moving average price is $255.31. 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 firm has a market cap of $44.63 billion, a P/E ratio of -1,044.30 and a beta of 1.05.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data 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 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 analyst estimates of $707.15 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company'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. As a group, research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analyst Ratings Changes

ZS has been the subject of a number of research reports. JMP Securities reissued a "market outperform" rating and issued a $355.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. BTIG Research reissued a "buy" rating on shares of Zscaler in a report on Thursday, July 10th. Rosenblatt Securities increased their price target on shares of Zscaler from $315.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Canaccord Genuity Group increased their price target on shares of Zscaler from $320.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, September 4th. Finally, UBS Group reduced their price target on shares of Zscaler from $365.00 to $350.00 and set a "buy" rating for the company in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $307.00.

About Zscaler

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.

Want to see what other hedge funds are holding ZS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zscaler, Inc. (NASDAQ:ZS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.