Wealth Enhancement Advisory Services LLC Sells 8,950 Shares of Zscaler, Inc. $ZS

Wealth Enhancement Advisory Services LLC trimmed its holdings in Zscaler, Inc. (NASDAQ:ZS) by 20.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,047 shares of the company’s stock after selling 8,950 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Zscaler were worth $7,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in ZS. Binnacle Investments Inc bought a new stake in Zscaler in the 3rd quarter valued at $25,000. Tradewinds Capital Management LLC boosted its position in Zscaler by 145.7% during the third quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock worth $26,000 after purchasing an additional 51 shares during the period. Root Financial Partners LLC acquired a new position in shares of Zscaler in the third quarter valued at $26,000. McIlrath & Eck LLC acquired a new position in shares of Zscaler in the third quarter valued at $29,000. Finally, Picton Mahoney Asset Management bought a new position in shares of Zscaler in the third quarter valued at about $30,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZS has been the subject of a number of research reports. Robert W. Baird cut their target price on shares of Zscaler from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Barclays set a $220.00 price target on shares of Zscaler in a research note on Thursday, February 19th. Citigroup cut their price objective on shares of Zscaler from $305.00 to $195.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Sanford C. Bernstein upgraded Zscaler from a “market perform” rating to an “outperform” rating and set a $228.00 price objective for the company in a report on Friday, February 13th. Finally, Wells Fargo & Company initiated coverage on Zscaler in a research report on Tuesday, March 3rd. They issued an “overweight” rating and a $200.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.13.

Zscaler Stock Performance

NASDAQ ZS opened at $133.16 on Friday. The firm’s 50 day simple moving average is $170.54 and its 200 day simple moving average is $237.95. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of -317.05 and a beta of 1.07. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. Zscaler, Inc. has a 1 year low of $128.00 and a 1 year high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The business had revenue of $815.75 million during the quarter, compared to the consensus estimate of $798.92 million. During the same period in the previous year, the business earned $0.78 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 2,263 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $354,363.17. Following the completion of the sale, the insider directly owned 72,390 shares in the company, valued at $11,335,550.10. This represents a 3.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Raj Judge sold 2,488 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $389,595.92. Following the completion of the sale, the executive vice president directly owned 67,906 shares in the company, valued at $10,633,400.54. This trade represents a 3.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,783 shares of company stock worth $2,040,536 in the last three months. Insiders own 17.20% of the company’s stock.

About Zscaler

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.