Zscaler, Inc. $ZS Stock Position Lowered by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in Zscaler, Inc. (NASDAQ:ZS) by 35.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,189 shares of the company’s stock after selling 2,294 shares during the period. Oppenheimer & Co. Inc.’s holdings in Zscaler were worth $835,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ZS. Burkett Financial Services LLC acquired a new stake in shares of Zscaler during the third quarter worth about $27,000. Activest Wealth Management lifted its holdings in shares of Zscaler by 1,281.8% during the third quarter. Activest Wealth Management now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 141 shares during the period. Elevation Wealth Partners LLC grew its position in Zscaler by 84.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 153 shares of the company’s stock valued at $31,000 after buying an additional 70 shares during the last quarter. Fortitude Family Office LLC raised its position in Zscaler by 2,466.7% during the 3rd quarter. Fortitude Family Office LLC now owns 154 shares of the company’s stock worth $31,000 after buying an additional 148 shares during the last quarter. Finally, Physician Wealth Advisors Inc. lifted its stake in shares of Zscaler by 1,837.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 155 shares of the company’s stock worth $31,000 after acquiring an additional 147 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ZS has been the subject of several analyst reports. BNP Paribas Exane reissued an “outperform” rating and set a $250.00 price target (up from $230.00) on shares of Zscaler in a report on Wednesday, October 7th. UBS Group increased their price target on shares of Zscaler from $225.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. DA Davidson started coverage on shares of Zscaler in a research report on Wednesday, October 21st. They set a “neutral” rating and a $215.00 target price on the stock. Jefferies Financial Group upped their target price on Zscaler from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 7th. Finally, Rosenblatt Securities set a $250.00 price objective on shares of Zscaler in a research note on Wednesday, October 7th. Thirty-six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $236.65.

Insider Activity

In other news, Director James Beer sold 177 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $192.01, for a total value of $33,985.77. Following the completion of the transaction, the director directly owned 4,030 shares in the company, valued at approximately $773,800.30. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 5,394 shares of the business’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the completion of the transaction, the insider owned 61,525 shares in the company, valued at $12,305,000. This represents a 8.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 55,105 shares of company stock worth $11,563,836. Company insiders own 17.20% of the company’s stock.

Zscaler Trading Up 0.6%

NASDAQ ZS opened at $225.09 on Wednesday. The firm has a market capitalization of $36.70 billion, a price-to-earnings ratio of -577.15, a PEG ratio of 21.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. Zscaler, Inc. has a one year low of $114.63 and a one year high of $335.70. The company’s 50 day moving average price is $206.02 and its 200 day moving average price is $167.70.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. The business had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, sell-side analysts predict that Zscaler, Inc. will post 0.70 EPS for the current year.

About Zscaler

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.