SouthState Bank Corp Purchases 6,196 Shares of Zscaler, Inc. $ZS

SouthState Bank Corp grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 14.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,174 shares of the company’s stock after purchasing an additional 6,196 shares during the quarter. SouthState Bank Corp’s holdings in Zscaler were worth $15,035,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Integrated Wealth Concepts LLC increased its position in Zscaler by 19.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after buying an additional 239 shares during the period. NewEdge Advisors LLC grew its stake in shares of Zscaler by 8.2% in the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock worth $972,000 after acquiring an additional 370 shares during the last quarter. Empowered Funds LLC increased its position in Zscaler by 9.2% during the first quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after acquiring an additional 238 shares during the period. Sivia Capital Partners LLC bought a new position in Zscaler during the second quarter worth $252,000. Finally, Janney Montgomery Scott LLC raised its stake in Zscaler by 118.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company’s stock valued at $3,188,000 after purchasing an additional 5,498 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

Zscaler stock opened at $185.79 on Thursday. The firm has a market capitalization of $29.63 billion, a P/E ratio of -714.55, a P/E/G ratio of 392.47 and a beta of 1.02. The stock has a fifty day moving average price of $224.21 and a two-hundred day moving average price of $268.99. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $336.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Zscaler from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Sanford C. Bernstein cut shares of Zscaler from an “outperform” rating to a “hold” rating in a research note on Monday, December 1st. Macquarie began coverage on Zscaler in a research note on Friday, October 31st. They set an “outperform” rating and a $390.00 price target on the stock. Morgan Stanley set a $305.00 price target on Zscaler in a report on Thursday, December 18th. Finally, Wedbush raised their price objective on Zscaler from $330.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $317.63.

Insider Buying and Selling

In other Zscaler news, EVP Raj Judge sold 3,438 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 value of $793,559.16. Following the completion of the transaction, the executive vice president owned 70,394 shares in the company, valued at approximately $16,248,343.08. The trade was a 4.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Geller sold 2,060 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $475,489.20. Following the completion of the sale, the insider owned 52,148 shares of the company’s stock, valued at approximately $12,036,801.36. This trade represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,350 shares of company stock valued at $4,471,509 in the last ninety days. 17.20% of the stock is owned by corporate insiders.

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.