Zscaler, Inc. $ZS Stake Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Zscaler, Inc. by 1.4% in Q1, holding approximately 0.35% of the company valued at $107.2 million.
• Several hedge funds have made significant adjustments to their positions in Zscaler, including Insight Holdings Group LLC, which raised its stake by 56%, and Edmond DE Rothschild Holding S.A., which increased its stake by 79%.
• Zscaler's quarterly earnings surpassed estimates, reporting $0.89 EPS and $719.23 million in revenue, (up 21.3% year-over-year) while setting FY 2026 guidance at 3.640-3.680 EPS.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539,066 shares of the company's stock after purchasing an additional 7,671 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.35% of Zscaler worth $107,192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ZS. ORG Partners LLC boosted its holdings in Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after purchasing an additional 94 shares during the period. SVB Wealth LLC acquired a new position in Zscaler in the first quarter worth $26,000. Colonial Trust Co SC acquired a new position in Zscaler in the fourth quarter worth $28,000. Goodman Advisory Group LLC acquired a new position in Zscaler in the first quarter worth $29,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Zscaler in the first quarter worth $29,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Price Performance

Shares of NASDAQ ZS traded up $5.95 during midday trading on Friday, reaching $274.20. 1,620,011 shares of the company traded hands, compared to its average volume of 1,601,265. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $318.46. The stock has a 50-day moving average price of $285.29 and a 200 day moving average price of $251.44. The company has a market cap of $42.69 billion, a price-to-earnings ratio of -1,015.56 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 earnings per share for the quarter, beating 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 0.49%. The business had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. During the same period in the previous year, the business earned $0.88 earnings per share. 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, analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Buying and Selling at Zscaler

In related news, EVP Raj Judge sold 2,957 shares of Zscaler stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total transaction of $898,040.90. Following the sale, the executive vice president directly owned 76,289 shares in the company, valued at $23,168,969.30. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 3,174 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $305.07, for a total transaction of $968,292.18. Following the completion of the sale, the insider owned 88,970 shares in the company, valued at approximately $27,142,077.90. This trade represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,305 shares of company stock valued at $43,199,936. 18.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ZS shares. JPMorgan Chase & Co. lifted their price objective on shares of Zscaler from $348.00 to $351.00 and gave the stock an "overweight" rating in a report on Wednesday. Roth Capital reiterated a "neutral" rating on shares of Zscaler in a research note on Wednesday, May 28th. Bank of America raised their target price on Zscaler from $285.00 to $340.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Barclays raised their target price on Zscaler from $300.00 to $320.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Scotiabank cut their target price on Zscaler from $360.00 to $334.00 and set a "sector outperform" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Zscaler has an average rating of "Moderate Buy" and an average target price 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.