Optas LLC Sells 1,409 Shares of Zscaler, Inc. $ZS

Optas LLC trimmed its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 47.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,580 shares of the company’s stock after selling 1,409 shares during the quarter. Optas LLC’s holdings in Zscaler were worth $496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ZS. T. Rowe Price Investment Management Inc. bought a new position in Zscaler during the 1st quarter worth approximately $516,622,000. Nuveen LLC bought a new position in Zscaler during the 1st quarter worth approximately $153,340,000. Goldman Sachs Group Inc. grew its position in 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 acquiring an additional 578,883 shares during the last quarter. Woodline Partners LP purchased a new stake in Zscaler in the 1st quarter worth approximately $70,340,000. Finally, Vanguard Group Inc. lifted its holdings in Zscaler by 3.1% in 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 period. 46.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 350,700 shares of the company’s stock, valued at $98,441,490. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Geller sold 11,193 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares of the company’s stock, valued at approximately $15,141,519.40. This trade represents a 17.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,884 shares of company stock worth $11,406,825 in the last 90 days. Corporate insiders own 18.10% of the company’s stock.

Zscaler Trading Up 7.2%

ZS opened at $313.89 on Thursday. The stock has a market cap of $49.69 billion, a PE ratio of -1,162.56 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average of $283.08 and a 200-day moving average of $265.62. Zscaler, Inc. has a 52 week low of $164.78 and a 52 week high of $318.46.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share 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 during the quarter, compared to analyst estimates of $707.15 million. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ZS. KeyCorp increased their price objective on Zscaler from $345.00 to $350.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. Wall Street Zen upgraded Zscaler from a “hold” rating to a “buy” rating in a report on Sunday, September 7th. Piper Sandler increased their price objective on Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zscaler in a report on Wednesday. Finally, Susquehanna increased their price objective on Zscaler from $320.00 to $340.00 and gave the stock a “positive” rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $307.43.

About Zscaler

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.