Penserra Capital Management LLC Sells 10,349 Shares of Zscaler, Inc. $ZS

Penserra Capital Management LLC decreased its stake in Zscaler, Inc. (NASDAQ:ZS) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 355,644 shares of the company’s stock after selling 10,349 shares during the period. Zscaler accounts for about 1.3% of Penserra Capital Management LLC’s holdings, making the stock its 9th biggest holding. Penserra Capital Management LLC owned 0.22% of Zscaler worth $106,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Zscaler by 8.3% in the second quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock valued at $3,363,909,000 after buying an additional 824,626 shares during the period. Geode Capital Management LLC raised its position in shares of Zscaler by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,329 shares of the company’s stock worth $584,160,000 after acquiring an additional 105,318 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Zscaler by 9.4% in the 3rd quarter. Federated Hermes Inc. now owns 1,281,671 shares of the company’s stock valued at $384,066,000 after purchasing an additional 109,688 shares during the period. AQR Capital Management LLC boosted its position in shares of Zscaler by 0.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,199,815 shares of the company’s stock valued at $371,823,000 after purchasing an additional 7,885 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Zscaler by 2.0% during the second quarter. Legal & General Group Plc now owns 607,899 shares of the company’s stock worth $190,844,000 after purchasing an additional 11,676 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Down 6.3%

Shares of NASDAQ ZS opened at $188.05 on Wednesday. Zscaler, Inc. has a one year low of $164.78 and a one year high of $336.99. The stock has a market capitalization of $29.99 billion, a P/E ratio of -723.24, a PEG ratio of 3,297.16 and a beta of 1.02. The firm’s 50 day simple moving average is $225.53 and its two-hundred day simple moving average is $269.57. 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 released its earnings results on Tuesday, November 25th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $788.11 million for 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 firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. 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 expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, CFO Kevin Rubin sold 3,303 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $762,398.46. Following the completion of the sale, the chief financial officer owned 48,161 shares in the company, valued at approximately $11,116,522.02. The trade was a 6.42% decrease in their ownership of the stock. 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 stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total transaction of $475,489.20. Following the sale, the insider directly owned 52,148 shares of the company’s stock, valued at $12,036,801.36. The trade was a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 19,350 shares of company stock worth $4,471,509. 17.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ZS shares. Capital One Financial set a $320.00 target price on Zscaler and gave the company an “overweight” rating in a report on Wednesday, November 26th. Bank of America reduced their target price on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. JPMorgan Chase & Co. boosted their price target on shares of Zscaler from $351.00 to $354.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Wedbush increased their price objective on shares of Zscaler from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Finally, KeyCorp lowered their price target on shares of Zscaler from $350.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $317.63.

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.