Lido Advisors LLC Sells 17,197 Shares of Zscaler, Inc. $ZS

Lido Advisors LLC lessened its holdings in Zscaler, Inc. (NASDAQ:ZS) by 71.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 6,914 shares of the company’s stock after selling 17,197 shares during the period. Lido Advisors LLC’s holdings in Zscaler were worth $970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Oxbow Advisors LLC purchased a new position in Zscaler in the fourth quarter valued at about $2,939,000. Qsemble Capital Management LP lifted its position in shares of Zscaler by 105.5% during the fourth quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock valued at $3,548,000 after buying an additional 8,099 shares during the last quarter. J. Safra Sarasin Holding AG boosted its holdings in shares of Zscaler by 94.7% in the 4th quarter. J. Safra Sarasin Holding AG now owns 63,627 shares of the company’s stock valued at $14,311,000 after buying an additional 30,952 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Zscaler in the 4th quarter valued at about $4,571,000. Finally, Norges Bank purchased a new position in shares of Zscaler in the 4th quarter worth approximately $79,762,000. 46.45% of the stock is currently owned by institutional investors.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 3,146 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the transaction, the insider owned 69,366 shares in the company, valued at $8,769,943.38. This trade represents a 4.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 503 shares of Zscaler stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $147.12, for a total value of $74,001.36. Following the sale, the chief financial officer directly owned 41,398 shares of the company’s stock, valued at approximately $6,090,473.76. This represents a 1.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 16,269 shares of company stock valued at $2,052,589. 17.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $180.00 price objective on shares of Zscaler in a research note on Wednesday, June 10th. Barclays lowered their target price on shares of Zscaler from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. Evercore set a $155.00 price target on shares of Zscaler and gave the stock an “in-line” rating in a report on Wednesday, May 27th. Wells Fargo & Company reduced their price target on Zscaler from $210.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, May 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $225.00 price objective on shares of Zscaler in a report on Wednesday, June 10th. Thirty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.21.

Zscaler Stock Performance

Shares of Zscaler stock opened at $151.63 on Wednesday. The company has a 50 day moving average price of $142.04 and a 200 day moving average price of $155.30. The firm has a market capitalization of $24.52 billion, a P/E ratio of -315.89, a PEG ratio of 84.41 and a beta of 0.96. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company had revenue of $850.48 million for the quarter, compared to the consensus estimate of $835.14 million. During the same quarter in the previous year, the firm earned $0.84 EPS. Zscaler’s revenue was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Sell-side analysts expect that Zscaler, Inc. will post 0.12 EPS for the current year.

Zscaler Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.