Wealthfront Advisers LLC Cuts Position in Zscaler, Inc. $ZS

Wealthfront Advisers LLC decreased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 33.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,166 shares of the company’s stock after selling 3,568 shares during the quarter. Wealthfront Advisers LLC’s holdings in Zscaler were worth $1,005,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ZS. Qsemble Capital Management LP increased its stake in Zscaler by 105.5% during the 4th quarter. Qsemble Capital Management LP now owns 15,773 shares of the company’s stock worth $3,548,000 after buying an additional 8,099 shares in the last quarter. Oxbow Advisors LLC acquired a new stake in shares of Zscaler in the fourth quarter worth approximately $2,939,000. J. Safra Sarasin Holding AG increased its position in shares of Zscaler by 94.7% during the fourth quarter. J. Safra Sarasin Holding AG now owns 63,627 shares of the company’s stock worth $14,311,000 after purchasing an additional 30,952 shares in the last quarter. Leonteq Securities AG acquired a new position in Zscaler in the 4th quarter valued at $4,571,000. Finally, Norges Bank purchased a new position in Zscaler in the 4th quarter valued at $79,762,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ZS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zscaler in a report on Tuesday, June 9th. JPMorgan Chase & Co. decreased their price target on shares of Zscaler from $250.00 to $205.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Zscaler from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Zacks Research raised shares of Zscaler from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Citizens Jmp cut their price objective on shares of Zscaler from $290.00 to $210.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. Thirty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $214.21.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 3,146 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the completion of the sale, the insider owned 69,366 shares of the company’s stock, valued at $8,769,943.38. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of Zscaler stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the completion of the sale, the insider owned 42,314 shares in the company, valued at $5,187,696.40. This represents a 6.24% 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. Insiders sold 15,766 shares of company stock worth $1,978,587 in the last three months. 17.20% of the stock is owned by insiders.

Zscaler Stock Performance

Zscaler stock opened at $148.72 on Wednesday. The firm has a 50 day simple moving average of $143.92 and a 200-day simple moving average of $158.11. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of -309.83, a price-to-earnings-growth ratio of 85.86 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The business had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. On average, analysts expect that Zscaler, Inc. will post 0.12 EPS for the current year.

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.