Ameliora Wealth Management Ltd. lessened its stake in shares of Zscaler, Inc. (NASDAQ:ZS – Free Report) by 40.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 621 shares of the company’s stock after selling 415 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in Zscaler were worth $195,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Zscaler by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after buying an additional 294,034 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Zscaler by 23.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after buying an additional 578,883 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Zscaler during the 1st quarter worth about $516,622,000. AQR Capital Management LLC lifted its stake in shares of Zscaler by 23.6% during the 1st quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company’s stock worth $234,715,000 after buying an additional 227,899 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Zscaler during the 1st quarter worth about $153,340,000. Institutional investors and hedge funds own 46.45% of the company’s stock.
Analyst Ratings Changes
ZS has been the topic of a number of recent research reports. Wells Fargo & Company raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $260.00 to $385.00 in a research report on Friday, June 13th. Piper Sandler raised their price target on shares of Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Evercore ISI raised their price target on shares of Zscaler from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 3rd. KeyCorp raised their price target on shares of Zscaler from $345.00 to $350.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Finally, Zacks Research raised shares of Zscaler from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.43.
Insider Buying and Selling at Zscaler
In related news, insider Adam Geller sold 10,464 shares of Zscaler stock in a transaction that occurred 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 sale, the insider directly owned 43,478 shares in the company, valued at $12,358,621.50. This trade represents a 19.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the sale, the chief executive officer owned 350,700 shares in the company, valued at approximately $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,884 shares of company stock valued at $11,406,825 in the last quarter. 18.10% of the stock is currently owned by corporate insiders.
Zscaler Stock Down 0.1%
NASDAQ:ZS opened at $305.24 on Tuesday. The firm’s 50 day simple moving average is $282.51 and its 200 day simple moving average is $265.09. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a one year low of $164.78 and a one year high of $318.46. The company has a market cap of $48.32 billion, a PE ratio of -1,130.52 and a beta of 1.06.
Zscaler (NASDAQ:ZS – Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The business had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. During the same period last year, the company earned $0.88 EPS. The firm’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. On average, research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.
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.
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