US Bancorp DE Trims Stock Position in Zscaler, Inc. $ZS

Key Points

• US Bancorp DE reduced its stake in Zscaler, Inc. by 17%, selling 4,413 shares, resulting in 21,476 shares valued at approximately $6.74 million.
• Analysts have mixed ratings on Zscaler, with recent upgrades from Canaccord Genuity and Wall Street Zen, while Weiss Ratings maintained a "sell" rating.
• CEO Jagtar Singh Chaudhry sold 2,865 shares for over $804,000, reducing his ownership by 0.81%, amidst broader insider selling totaling nearly 40,000 shares in the past three months.

US Bancorp DE cut its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 17.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,476 shares of the company's stock after selling 4,413 shares during the period. US Bancorp DE's holdings in Zscaler were worth $6,742,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZS. Farther Finance Advisors LLC lifted its position in Zscaler by 161.0% in the first quarter. Farther Finance Advisors LLC now owns 890 shares of the company's stock valued at $179,000 after acquiring an additional 549 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Zscaler by 43.1% in the first 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. NorthCrest Asset Manangement LLC purchased a new stake in shares of Zscaler in the first quarter valued at about $341,000. CVA Family Office LLC raised its holdings in shares of Zscaler by 120.3% in the first quarter. CVA Family Office LLC now owns 152 shares of the company's stock valued at $30,000 after buying an additional 83 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Zscaler by 10.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,072 shares of the company's stock valued at $4,975,000 after buying an additional 2,378 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group upped their target price on shares of Zscaler from $320.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, September 4th. B. Riley assumed coverage on shares of Zscaler in a report on Tuesday, August 26th. They issued a "neutral" rating and a $275.00 target price for the company. Wall Street Zen raised shares of Zscaler from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zscaler in a report on Wednesday, October 8th. Finally, Scotiabank reduced their target price on shares of Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $307.43.

Insider Activity at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Schlossman sold 7,006 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the transaction, the insider owned 76,132 shares in the company, valued at $23,263,655.24. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,884 shares of company stock valued at $11,406,825. 18.10% of the stock is owned by corporate insiders.

Zscaler Trading Down 1.7%

Shares of ZS opened at $309.88 on Monday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The firm's 50-day moving average is $284.27 and its two-hundred day moving average is $267.79. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $319.89. The firm has a market capitalization of $49.05 billion, a P/E ratio of -1,147.70 and a beta of 1.06.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping 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 company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same period in the prior year, the business posted $0.88 earnings per share. The firm'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. On average, research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.