SouthState Corp Has $13.81 Million Position in Zscaler, Inc. $ZS

SouthState Corp raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 27.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 43,978 shares of the company’s stock after purchasing an additional 9,376 shares during the quarter. SouthState Corp’s holdings in Zscaler were worth $13,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ZS. SVB Wealth LLC acquired a new position in shares of Zscaler in the 1st quarter valued at approximately $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of Zscaler in the 1st quarter valued at approximately $29,000. Quaker Wealth Management LLC grew its position in shares of Zscaler by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 194 shares during the period. Exane Asset Management grew its position in shares of Zscaler by 185.7% in the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Finally, Whittier Trust Co. acquired a new position in shares of Zscaler in the 1st quarter valued at approximately $33,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robert Schlossman sold 3,200 shares of Zscaler stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $325.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider owned 80,086 shares in the company, valued at approximately $26,027,950. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the transaction, the chief executive officer owned 350,700 shares of the company’s stock, valued at $98,441,490. The trade was a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 43,084 shares of company stock worth $12,446,825. 18.10% of the stock is currently owned by company insiders.

Zscaler Trading Down 1.3%

Shares of Zscaler stock opened at $323.90 on Thursday. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $336.99. The stock has a market cap of $51.27 billion, a P/E ratio of -1,199.63 and a beta of 1.06. 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 business’s 50 day moving average is $299.31 and its 200-day moving average is $283.03.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company had revenue of $719.23 million for the quarter, compared to analysts’ expectations of $707.15 million. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue 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. Equities research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on ZS shares. B. Riley started coverage on Zscaler in a research report on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $340.00 price objective on shares of Zscaler in a research report on Wednesday, September 3rd. Bank of America boosted their target price on Zscaler from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, October 20th. BTIG Research restated a “buy” rating on shares of Zscaler in a research note on Thursday, July 10th. Finally, BMO Capital Markets boosted their target price on Zscaler from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $310.14.

Zscaler 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.