CHURCHILL MANAGEMENT Corp Trims Stake in Zscaler, Inc. $ZS

CHURCHILL MANAGEMENT Corp lowered its position in Zscaler, Inc. (NASDAQ:ZS) by 1.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,333 shares of the company’s stock after selling 165 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Zscaler were worth $3,244,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in Zscaler by 97.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,694 shares of the company’s stock worth $4,094,000 after acquiring an additional 11,179 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Zscaler by 297.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 183 shares of the company’s stock worth $36,000 after purchasing an additional 137 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Zscaler by 28,290.0% in the first quarter. GAMMA Investing LLC now owns 127,187 shares of the company’s stock worth $25,236,000 after purchasing an additional 126,739 shares during the last quarter. Parallel Advisors LLC lifted its position in Zscaler by 35.5% during the first quarter. Parallel Advisors LLC now owns 462 shares of the company’s stock valued at $92,000 after purchasing an additional 121 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Zscaler by 3.7% in the 1st quarter. Rhumbline Advisers now owns 133,305 shares of the company’s stock worth $26,450,000 after buying an additional 4,726 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of NASDAQ:ZS opened at $304.53 on Thursday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The company has a market cap of $48.21 billion, a price-to-earnings ratio of -1,127.89 and a beta of 1.06. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46. The company has a 50-day moving average price of $281.33 and a 200-day moving average price of $262.12.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $707.15 million. During the same quarter in the previous year, the business earned $0.88 EPS. Zscaler’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. As a group, equities analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZS. Oppenheimer raised their price objective on shares of Zscaler from $290.00 to $345.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. JMP Securities reaffirmed a “market outperform” rating and set a $355.00 price target on shares of Zscaler in a research note on Wednesday, September 3rd. B. Riley started coverage on Zscaler in a research report on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 target price for the company. Royal Bank Of Canada upped their price objective on shares of Zscaler from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Finally, BMO Capital Markets raised their price objective on Zscaler from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.00.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 3,832 shares of Zscaler stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,075,642.40. Following the sale, the insider owned 83,138 shares in the company, valued at $23,336,836.60. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam Geller sold 10,464 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the transaction, the insider directly owned 43,478 shares in the company, valued at approximately $12,358,621.50. The trade was a 19.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,878 shares of company stock worth $9,266,002. Insiders own 18.10% of the company’s stock.

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.