Brighton Jones LLC Invests $956,000 in Zscaler, Inc. $ZS

Brighton Jones LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,046 shares of the company’s stock, valued at approximately $956,000.

Other institutional investors also recently modified their holdings of the company. Exane Asset Management raised its holdings in shares of Zscaler by 185.7% during the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Kozak & Associates Inc. acquired a new position in Zscaler in the 2nd quarter worth about $35,000. SVB Wealth LLC acquired a new position in Zscaler in the 1st quarter worth about $26,000. Ameritas Advisory Services LLC acquired a new position in Zscaler in the 2nd quarter worth about $41,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Zscaler in the 1st quarter worth about $29,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZS. Canaccord Genuity Group upped their target price on Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Wall Street Zen cut Zscaler from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Bank of America upped their target price on Zscaler from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, October 20th. BTIG Research reaffirmed a “buy” rating on shares of Zscaler in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. increased their price target on Zscaler from $348.00 to $351.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $307.86.

Zscaler Stock Up 1.0%

Shares of Zscaler stock opened at $326.33 on Tuesday. Zscaler, Inc. has a one year low of $164.78 and a one year high of $327.71. 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’s 50-day moving average is $291.51 and its 200 day moving average is $276.81. The firm has a market cap of $51.66 billion, a price-to-earnings ratio of -1,208.63 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating 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 quarter in the prior year, the company earned $0.88 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company’s stock in a transaction dated 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 $98,441,490. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Schlossman sold 3,200 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $325.00, for a total value of $1,040,000.00. Following the sale, the insider owned 80,086 shares in the company, valued at approximately $26,027,950. The trade was a 3.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,084 shares of company stock worth $12,446,825 in the last quarter. 18.10% of the stock is currently owned by company insiders.

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.