6,363 Shares in Zscaler, Inc. $ZS Bought by Equitable Holdings Inc.

Equitable Holdings Inc. bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 6,363 shares of the company’s stock, valued at approximately $898,000.

A number of other institutional investors have also recently made changes to their positions in ZS. Binnacle Investments Inc bought a new position in shares of Zscaler during the third quarter worth about $25,000. AlphaCentric Advisors LLC acquired a new position in shares of Zscaler in the fourth quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in Zscaler in the fourth quarter valued at approximately $30,000. Mcguire Capital Advisors Inc. bought a new stake in Zscaler in the fourth quarter valued at approximately $32,000. Finally, Western Wealth Management LLC acquired a new stake in Zscaler during the 1st quarter valued at approximately $33,000. Institutional investors own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Berenberg Bank set a $200.00 price target on shares of Zscaler in a report on Thursday, May 28th. Weiss Ratings raised shares of Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Citigroup reiterated a “market outperform” rating on shares of Zscaler in a research report on Wednesday, May 27th. B. Riley Financial lowered their target price on shares of Zscaler from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $179.00 target price on shares of Zscaler in a research note on Wednesday, May 27th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and an average price target of $216.18.

Insider Activity at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of Zscaler stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $363,865.54. Following the completion of the sale, the chief executive officer owned 343,038 shares in the company, valued at $43,370,294.34. The trade was a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 503 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total transaction of $87,210.14. Following the transaction, the chief financial officer directly owned 40,895 shares in the company, valued at approximately $7,090,375.10. This represents a 1.22% decrease in their ownership of the stock. 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 quarter, insiders sold 16,772 shares of company stock worth $2,139,799. Corporate insiders own 17.20% of the company’s stock.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: J.P. Morgan initiated or reiterated a Buy rating on Zscaler and raised its price target to $215 from $205, suggesting meaningful upside and confidence in the company’s long-term cloud-security growth. Zscaler gets a Buy from J.P. Morgan
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing for research into self-improving artificial-intelligence models. The investment could strengthen Zscaler’s exposure to enterprise AI, although it is unlikely to materially affect near-term earnings. Deep Cogito raises $43 million Series A
• Positive Sentiment: A broader cybersecurity re-rating has lifted previously lagging stocks, with Zscaler benefiting from increased investor interest in security software and AI-related growth. The move was accompanied by a strong gain in the First Trust NASDAQ Cybersecurity ETF. Cybersecurity re-rating reaches lagging stocks
• Neutral Sentiment: Zscaler is expected to report quarterly results on Thursday. Its prior quarter featured a revenue and adjusted EPS beat, with revenue up 25.4% year over year, but investors will look for sustained billings, guidance, and AI-driven demand before extending the recent rally. Zscaler expected to announce quarterly earnings
• Neutral Sentiment: The broader market may remain sensitive to next week’s August jobs report and its implications for Federal Reserve policy, interest rates, and valuation multiples for high-growth technology stocks. August jobs report takes center stage
• Negative Sentiment: CFO Kevin Rubin sold 503 shares worth approximately $87,210 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only about 1.2%, making it a limited sentiment concern rather than a fundamental warning. Zscaler CFO sells stock

Zscaler Trading Down 1.6%

Shares of ZS stock opened at $184.23 on Friday. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a 50 day simple moving average of $156.19 and a two-hundred day simple moving average of $150.37. The company has a market cap of $29.79 billion, a P/E ratio of -383.80, a PEG ratio of 108.44 and a beta of 0.94.

Zscaler 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.