Merit Financial Group LLC Has $2.79 Million Position in Zscaler, Inc. $ZS

Merit Financial Group LLC raised its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 50.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,298 shares of the company’s stock after purchasing an additional 3,123 shares during the period. Merit Financial Group LLC’s holdings in Zscaler were worth $2,786,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quaker Wealth Management LLC boosted its holdings in shares of Zscaler by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after buying an additional 194 shares during the period. Exane Asset Management increased its stake in shares of Zscaler by 185.7% in the second quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after purchasing an additional 65 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Zscaler during the 1st quarter worth about $34,000. Kozak & Associates Inc. bought a new stake in Zscaler during the 2nd quarter valued at approximately $35,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Zscaler in the 2nd quarter valued at approximately $41,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

NASDAQ:ZS opened at $220.57 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82. The company has a 50-day moving average of $269.06 and a 200-day moving average of $284.19. Zscaler, Inc. has a 52 week low of $164.78 and a 52 week high of $336.99. The company has a market capitalization of $35.17 billion, a price-to-earnings ratio of -848.31, a PEG ratio of 4,312.82 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. The firm had revenue of $788.11 million during the quarter, compared to analyst estimates of $773.86 million. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. As a group, equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZS has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of Zscaler in a report on Wednesday, November 26th. BTIG Research reaffirmed a “buy” rating and set a $365.00 target price on shares of Zscaler in a research report on Wednesday, November 26th. Needham & Company LLC reduced their price target on shares of Zscaler from $350.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Sanford C. Bernstein downgraded shares of Zscaler from an “outperform” rating to a “hold” rating in a report on Monday, December 1st. Finally, Scotiabank cut their price objective on shares of Zscaler from $334.00 to $320.00 and set a “sector outperform” rating for the company in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and a consensus target price of $322.66.

Insider Buying and Selling at Zscaler

In other Zscaler news, CFO Kevin Rubin sold 3,303 shares of Zscaler stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $762,398.46. Following the completion of the transaction, the chief financial officer directly owned 48,161 shares of the company’s stock, valued at approximately $11,116,522.02. This trade represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $656,221.26. Following the completion of the sale, the chief executive officer directly owned 347,857 shares in the company, valued at approximately $80,292,352.74. The trade was a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,550 shares of company stock worth $5,511,509 over the last three months. 17.20% of the stock is currently owned by insiders.

Zscaler Company 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.