MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 35,859 Shares of Zscaler, Inc. $ZS

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 6.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 503,207 shares of the company’s stock after selling 35,859 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Zscaler were worth $157,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZS. Diversify Advisory Services LLC boosted its stake in shares of Zscaler by 83.4% during the 2nd quarter. Diversify Advisory Services LLC now owns 9,468 shares of the company’s stock worth $2,972,000 after acquiring an additional 4,305 shares during the period. Napa Wealth Management bought a new position in Zscaler during the second quarter worth $525,000. Ieq Capital LLC increased its holdings in shares of Zscaler by 25.2% in the second quarter. Ieq Capital LLC now owns 76,255 shares of the company’s stock valued at $23,939,000 after purchasing an additional 15,335 shares during the last quarter. Ilex Capital Partners UK LLP raised its position in shares of Zscaler by 140.7% in the second quarter. Ilex Capital Partners UK LLP now owns 33,534 shares of the company’s stock valued at $10,528,000 after purchasing an additional 19,602 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Zscaler by 7.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 45,613 shares of the company’s stock worth $14,320,000 after buying an additional 2,981 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ZS. Rosenblatt Securities reissued a “buy” rating and issued a $365.00 price target on shares of Zscaler in a report on Wednesday, November 26th. JPMorgan Chase & Co. raised their target price on shares of Zscaler from $351.00 to $354.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. BTIG Research reiterated a “buy” rating and issued a $365.00 price target on shares of Zscaler in a research report on Wednesday, November 26th. Berenberg Bank reduced their price target on Zscaler from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Finally, B. Riley began coverage on Zscaler in a report on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target of $323.45.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Raj Judge sold 4,524 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 value of $1,269,886.80. Following the sale, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. The trade was a 5.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 43,084 shares of company stock valued at $12,446,825. Insiders own 17.20% of the company’s stock.

Zscaler Price Performance

Shares of ZS opened at $242.08 on Friday. The business has a 50-day moving average of $294.25 and a 200-day moving average of $290.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $336.99. The company has a market capitalization of $38.60 billion, a price-to-earnings ratio of -931.04 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. The business had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. Zscaler’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. As a group, equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current 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.