Zscaler, Inc. $ZS Holdings Lowered by TrueMark Investments LLC

TrueMark Investments LLC trimmed its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 3.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,053 shares of the company’s stock after selling 231 shares during the quarter. TrueMark Investments LLC’s holdings in Zscaler were worth $1,900,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC lifted its holdings in shares of Zscaler by 284.8% during the first quarter. ORG Partners LLC now owns 127 shares of the company’s stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. SVB Wealth LLC purchased a new stake in Zscaler in the 1st quarter worth about $26,000. Goodman Advisory Group LLC purchased a new stake in Zscaler in the 1st quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new stake in Zscaler in the 1st quarter worth about $29,000. Finally, Exane Asset Management lifted its stake in Zscaler by 185.7% in the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Performance

Shares of ZS stock opened at $300.25 on Friday. 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 fifty-two week low of $164.78 and a fifty-two week high of $319.89. The stock’s 50-day moving average is $286.62 and its two-hundred day moving average is $270.81. The firm has a market cap of $47.53 billion, a P/E ratio of -1,112.04 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $707.15 million. During the same period in the prior year, the firm posted $0.88 EPS. The business’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. Analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ZS shares. Piper Sandler increased their price objective on Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. KeyCorp increased their price objective on Zscaler from $345.00 to $350.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $340.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. JMP Securities reissued a “market outperform” rating and issued a $355.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, B. Riley started coverage on Zscaler in a research note on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price objective for the company. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $307.43.

Insider Buying and Selling

In other news, EVP Raj Judge sold 4,524 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the transaction, the executive vice president owned 73,832 shares of the company’s stock, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Schlossman sold 7,006 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total value of $2,140,823.42. Following the transaction, the insider directly owned 76,132 shares in the company, valued at approximately $23,263,655.24. This represents a 8.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,884 shares of company stock worth $11,406,825. 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.