Forum Financial Management LP Grows Stock Holdings in Zscaler, Inc. $ZS

Forum Financial Management LP raised its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,168 shares of the company’s stock after buying an additional 112 shares during the period. Forum Financial Management LP’s holdings in Zscaler were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ZS. GAMMA Investing LLC boosted its position in shares of Zscaler by 43.1% during the first quarter. GAMMA Investing LLC now owns 641 shares of the company’s stock worth $127,000 after buying an additional 193 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Zscaler by 25.5% during the first quarter. Oppenheimer & Co. Inc. now owns 4,214 shares of the company’s stock worth $836,000 after buying an additional 856 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Zscaler during the first quarter worth $207,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Zscaler by 150.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 61,961 shares of the company’s stock worth $12,294,000 after buying an additional 37,254 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Zscaler by 11.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,232 shares of the company’s stock worth $10,198,000 after buying an additional 5,228 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Stock Up 1.3%

Zscaler stock opened at $323.00 on Friday. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $327.39. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The stock has a market cap of $51.13 billion, a PE ratio of -1,196.30 and a beta of 1.06. The stock’s fifty day moving average is $290.53 and its two-hundred day moving average is $275.43.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $707.15 million. During the same period last year, the firm earned $0.88 earnings per share. Zscaler’s quarterly revenue 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. On average, sell-side analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Transactions at Zscaler

In other news, EVP Raj Judge sold 4,524 shares of Zscaler 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 sale, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. The trade was a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the sale, the chief executive officer owned 350,700 shares in the company, valued at $98,441,490. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,084 shares of company stock worth $12,446,825 over the last three months. 18.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $330.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Barclays increased their price objective on Zscaler from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. BTIG Research reiterated a “buy” rating on shares of Zscaler in a research note on Thursday, July 10th. Susquehanna increased their price objective on Zscaler from $320.00 to $340.00 and gave the company a “positive” rating in a research note on Wednesday, September 3rd. Finally, Scotiabank reduced their price objective on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $307.86.

Zscaler Company 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.