Zscaler, Inc. $ZS Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP cut its Zscaler stake by 71.5% in the second quarter, selling 22,545 shares and retaining 8,975 shares valued at approximately $1.27 million. Other institutional investors made mixed moves, while institutions and hedge funds collectively own 46.45% of the stock.
• Analyst sentiment remains positive: Zscaler has a “Moderate Buy” consensus rating from 42 analysts and a consensus price target of $219.28, with Mizuho recently raising its target to $220.
• Zscaler exceeded quarterly expectations, reporting adjusted earnings of $1.19 per share versus a $1.09 estimate and revenue of $898.19 million, up 24.9% year over year. Insiders have sold 28,656 shares worth about $5.53 million over the past 90 days.

Corient Private Wealth LP lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 71.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,975 shares of the company's stock after selling 22,545 shares during the period. Corient Private Wealth LP's holdings in Zscaler were worth $1,267,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Handelsbanken Fonder AB grew its holdings in Zscaler by 89.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company's stock worth $8,601,000 after buying an additional 28,792 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Zscaler by 6.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company's stock worth $27,284,000 after acquiring an additional 11,941 shares during the period. Bank of America Corp DE grew its stake in shares of Zscaler by 44.3% in the first quarter. Bank of America Corp DE now owns 779,245 shares of the company's stock worth $109,320,000 after purchasing an additional 239,326 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Zscaler during the second quarter valued at about $11,232,000. Finally, Norges Bank acquired a new stake in Zscaler in the fourth quarter worth about $79,762,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 5,394 shares of the firm's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the completion of the sale, the insider owned 61,525 shares of the company's stock, valued at $12,305,000. This trade represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James A. Beer sold 177 shares of the firm's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $192.01, for a total value of $33,985.77. Following the completion of the sale, the director directly owned 4,030 shares of the company's stock, valued at approximately $773,800.30. This trade represents a 4.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,656 shares of company stock worth $5,526,076. 17.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Cowen reiterated a "buy" rating and issued a $200.00 target price on shares of Zscaler in a research report on Friday, September 4th. Roth Capital reiterated a "neutral" rating and issued a $170.00 price objective on shares of Zscaler in a report on Saturday, September 5th. Mizuho raised their price objective on shares of Zscaler from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Friday. Scotiabank reissued an "outperform" rating on shares of Zscaler in a report on Friday, September 4th. Finally, Guggenheim restated a "buy" rating on shares of Zscaler in a research report on Friday. Thirty-four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $219.28.

Zscaler Trading Down 10.1%

Shares of ZS opened at $193.05 on Friday. The business's 50-day moving average price is $174.24 and its 200 day moving average price is $153.59. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $31.48 billion, a P/E ratio of -495.00, a P/E/G ratio of 22.37 and a beta of 0.95. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. During the same period last year, the firm posted $0.89 earnings per share. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Analysts expect that Zscaler, Inc. will post 0.7 earnings per share for the current year.

Trending Headlines about Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Internal successor may limit disruption: Zscaler appointed Ross Tackett, its current Worldwide Head of Sales, as CRO effective October 1. His familiarity with the sales organization and business supports the view that the transition should not materially disrupt execution. Zscaler shares slide on CRO departure, but analysts see limited disruption
• Positive Sentiment: Analyst support remains firm: Mizuho raised its Zscaler price target from $210 to $220 and maintained an “Outperform” rating, signaling confidence in the company’s longer-term growth prospects despite the leadership change. Mizuho raises Zscaler price target
• Positive Sentiment: Long-term growth narrative remains intact: Coverage highlighted Zscaler’s Agentic SOC, an AI-focused security platform using extensive zero-trust telemetry and AI agents to automate threat detection and response. The product could strengthen Zscaler’s competitive position if adoption accelerates. Can Zscaler’s Agentic SOC Redefine Its Competitive Moat
• Neutral Sentiment: Management described the change as personal: Mike Rich is leaving for personal reasons, and the company did not announce a change to its operating outlook. The absence of stated business-related reasons may reduce concerns, but investors will watch for any effects on sales momentum and guidance. Zscaler Appoints Ross Tackett as Chief Revenue Officer
• Negative Sentiment: CRO departure triggered the selloff: Investors appear concerned that losing the executive responsible for revenue operations could create uncertainty around enterprise sales execution, renewals, and future growth. Zscaler’s shares were reported to be on pace for their weakest session in roughly three months. Zscaler Shares Fall Following Revenue Chief Transition

Zscaler Profile

Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.

The company's offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.