Zscaler, Inc. $ZS Stock: Commonwealth Equity Services LLC Trims Position

Commonwealth Equity Services LLC decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 15.6% in the third quarter, HoldingsChannel reports. The firm owned 50,814 shares of the company’s stock after selling 9,388 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Zscaler were worth $10,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Zscaler during the second quarter valued at approximately $1,396,028,000. First Trust Advisors LP raised its holdings in shares of Zscaler by 36.2% during the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after acquiring an additional 935,781 shares in the last quarter. Amundi raised its holdings in shares of Zscaler by 12.8% during the second quarter. Amundi now owns 1,137,837 shares of the company’s stock valued at $160,606,000 after acquiring an additional 129,563 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Zscaler by 23.5% during the second quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock valued at $155,718,000 after acquiring an additional 209,711 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Zscaler by 44.3% in the first quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock worth $109,320,000 after acquiring an additional 239,326 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

In related news, CFO Kevin Rubin sold 514 shares of Zscaler stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $259.15, for a total transaction of $133,203.10. Following the completion of the transaction, the chief financial officer directly owned 62,113 shares of the company’s stock, valued at $16,096,583.95. This trade represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 5,394 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the sale, the insider directly owned 61,525 shares in the company, valued at $12,305,000. The trade was a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 55,105 shares of company stock valued at $11,563,836 over the last 90 days. 17.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. BNP Paribas Exane reiterated an “outperform” rating and issued a $250.00 price target (up from $230.00) on shares of Zscaler in a report on Wednesday, October 7th. Stifel Nicolaus boosted their price objective on shares of Zscaler from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Wells Fargo & Company upped their price objective on shares of Zscaler from $215.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $236.00 price objective on shares of Zscaler in a report on Wednesday, October 7th. Finally, Jefferies Financial Group raised their target price on shares of Zscaler from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Thirty-six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $236.65.

Zscaler Trading Down 0.3%

NASDAQ ZS opened at $193.22 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $316.85. The firm has a market capitalization of $31.50 billion, a PE ratio of -495.44, a P/E/G ratio of 18.43 and a beta of 0.82. The stock’s 50 day moving average is $209.16 and its 200 day moving average is $167.37.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. The business had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Research analysts forecast that Zscaler, Inc. will post 0.70 earnings per share for the current fiscal year.

About Zscaler

Zscaler, Inc. is a cloud security company that provides services designed to help organizations protect users, applications, and data. Its platform, the Zscaler Zero Trust Exchange, connects users and devices to applications while applying security controls, rather than relying on traditional network boundaries. The company’s offerings include Zscaler Internet Access for securing internet and software-as-a-service traffic, and Zscaler Private Access for providing secure access to private applications.