Zscaler, Inc. $ZS Position Raised by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its position in Zscaler, Inc. (NASDAQ:ZS) by 5.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,012 shares of the company’s stock after purchasing an additional 2,018 shares during the period. Pinnacle Associates Ltd.’s holdings in Zscaler were worth $11,933,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ZS. Quaker Wealth Management LLC raised its stake in shares of Zscaler by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after buying an additional 194 shares in the last quarter. Exane Asset Management grew its holdings in Zscaler by 185.7% during the second quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after acquiring an additional 65 shares during the period. Kozak & Associates Inc. bought a new stake in Zscaler in the second quarter worth about $35,000. SVB Wealth LLC acquired a new stake in Zscaler in the 1st quarter valued at about $26,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Zscaler during the 2nd quarter valued at about $41,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZS has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zscaler in a report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $340.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. Canaccord Genuity Group raised their price objective on Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. 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 report on Wednesday, September 3rd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus target price of $310.14.

Insider Activity at Zscaler

In other Zscaler news, insider Adam Geller sold 10,464 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total value of $2,974,392.00. Following the completion of the sale, the insider owned 43,478 shares in the company, valued at $12,358,621.50. This represents a 19.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the business’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 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 is available in the SEC filing. Insiders sold 43,084 shares of company stock valued at $12,446,825 over the last ninety days. 18.10% of the stock is owned by company insiders.

Zscaler Price Performance

ZS opened at $331.14 on Friday. The firm has a market capitalization of $52.42 billion, a P/E ratio of -1,226.44 and a beta of 1.06. The stock has a fifty day moving average of $295.75 and a 200-day moving average of $279.82. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $333.27.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results 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. The business had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.Zscaler’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities analysts forecast that Zscaler, Inc. will post -0.1 EPS 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.