Mitchell Capital Management Co. Sells 1,477 Shares of Zscaler, Inc. $ZS

Mitchell Capital Management Co. lessened its stake in Zscaler, Inc. (NASDAQ:ZS) by 7.5% in the second quarter, HoldingsChannel reports. The firm owned 18,270 shares of the company’s stock after selling 1,477 shares during the period. Mitchell Capital Management Co.’s holdings in Zscaler were worth $5,275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ZS. T. Rowe Price Investment Management Inc. bought a new stake in Zscaler in the first quarter valued at about $516,622,000. Nuveen LLC bought a new stake in Zscaler in the first quarter valued at about $153,340,000. Goldman Sachs Group Inc. increased its holdings in Zscaler by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock valued at $604,831,000 after purchasing an additional 578,883 shares during the last quarter. Woodline Partners LP bought a new stake in Zscaler in the first quarter valued at about $70,340,000. Finally, Vanguard Group Inc. increased its holdings in Zscaler by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock valued at $1,962,474,000 after purchasing an additional 294,034 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 1.7%

ZS stock opened at $309.88 on Monday. 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 capitalization of $49.05 billion, a P/E ratio of -1,147.70 and a beta of 1.06. The business has a 50-day moving average of $284.27 and a 200-day moving average of $267.79. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $319.89.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data 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. The company had revenue of $719.23 million during the quarter, compared to analysts’ expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.Zscaler’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. 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 anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZS. Stifel Nicolaus upped their price objective on Zscaler from $295.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Evercore ISI boosted their target price on Zscaler from $290.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. UBS Group decreased their target price on Zscaler from $365.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. Needham & Company LLC reissued a “buy” rating and issued a $350.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, Robert W. Baird boosted their target price on Zscaler from $330.00 to $345.00 and gave the company an “outperform” 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 issued a Sell rating to the stock. According to data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and an average price target of $307.43.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 7,006 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the transaction, the insider directly owned 76,132 shares of the company’s stock, valued at $23,263,655.24. This represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raj Judge sold 4,524 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 value of $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,884 shares of company stock valued at $11,406,825 over the last three months. 18.10% of the stock is currently owned by corporate insiders.

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.