Champlain Investment Partners LLC Sells 72,560 Shares of Zscaler, Inc. $ZS

Champlain Investment Partners LLC cut its position in Zscaler, Inc. (NASDAQ:ZS) by 15.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 394,470 shares of the company’s stock after selling 72,560 shares during the quarter. Champlain Investment Partners LLC’s holdings in Zscaler were worth $118,207,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ZS. Tradewinds Capital Management LLC increased its holdings in shares of Zscaler by 145.7% during the third quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Root Financial Partners LLC bought a new stake in Zscaler during the 3rd quarter valued at $26,000. McIlrath & Eck LLC acquired a new position in Zscaler during the third quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Zscaler by 81.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 131 shares of the company’s stock worth $39,000 after buying an additional 59 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in shares of Zscaler by 48.9% in the third quarter. Spire Wealth Management now owns 131 shares of the company’s stock valued at $39,000 after buying an additional 43 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ZS shares. Bank of America dropped their target price on Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. KeyCorp dropped their price objective on Zscaler from $300.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 17th. Stephens reduced their target price on shares of Zscaler from $340.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Citizens Jmp lowered their target price on shares of Zscaler from $355.00 to $290.00 and set a “market outperform” rating for the company in a report on Friday. Finally, Citigroup cut their price target on shares of Zscaler from $305.00 to $195.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $272.79.

Zscaler Stock Performance

Shares of ZS stock opened at $148.58 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $23.69 billion, a price-to-earnings ratio of -353.76, a P/E/G ratio of 217.30 and a beta of 1.07. Zscaler, Inc. has a 52 week low of $140.56 and a 52 week high of $336.99. The firm’s 50-day simple moving average is $197.25 and its two-hundred day simple moving average is $254.04.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. Zscaler’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, equities analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Key Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: TCS and Zscaler launched an AI‑driven workspace platform for enterprises, expanding Zscaler’s product footprint into AI-enabled secure workspaces — a revenue‑relevant partnership that can deepen enterprise sales and positioning in AI security. TCS, Zscaler launch AI-driven workspace platform for enterprises
• Positive Sentiment: Zscaler opened an AI & Cyber Threat Research Center with Bharti Airtel in India — a material international expansion that could accelerate overseas revenue, market share in a large growth market, and customer engagement around trusted AI adoption. Zscaler Airtel AI Security Center Opens As Valuation Discount Persists
• Positive Sentiment: MarketBeat argued Zscaler is deeply oversold and showing technical signs of a bottom with institutional accumulation and short‑covering underway — a narrative that attracts value/dip buyers and can support a rebound. 2 Bad News Buys: Why Palo Alto and Zscaler Are Screaming Deals (ZS)
• Neutral Sentiment: Benzinga notes unusual options activity (“what whales are betting on”), indicating speculative interest and potential near‑term volatility from large option trades rather than a clear directional fundamental signal. 6ZS : This Is What Whales Are Betting On Zscaler
• Neutral Sentiment: Coverage pieces from Zacks/Yahoo highlight trending attention and dig into international revenue trends — useful context for investors but not new hard catalysts; these explain investor focus on overseas growth metrics. Here is What to Know Beyond Why Zscaler, Inc. (ZS) is a Trending Stock
• Negative Sentiment: Analysts collectively trimmed price targets across the board (Citigroup lowered its target to $195 but kept a Buy; Goldman cut to $257 and moved to Neutral; Mizuho, RBC, Morgan Stanley, Oppenheimer, BMO, Piper, Needham and others also reduced targets). The volume of cuts has pressured sentiment and likely contributed to the stock’s recent discount to longer‑term averages. Mizuho Cuts Zscaler (NASDAQ:ZS) Price Target to $250.00

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 2,349 shares of Zscaler stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $232.79, for a total value of $546,823.71. Following the completion of the sale, the insider owned 74,653 shares of the company’s stock, valued at approximately $17,378,471.87. This trade represents a 3.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam Geller sold 1,620 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $232.79, for a total transaction of $377,119.80. Following the sale, the insider directly owned 50,528 shares in the company, valued at approximately $11,762,413.12. This trade represents a 3.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 19,350 shares of company stock valued at $4,471,509. Company insiders own 17.20% of the company’s stock.

Zscaler Company Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.