Zscaler, Inc. $ZS Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in Zscaler, Inc. (NASDAQ:ZS) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,627 shares of the company’s stock after purchasing an additional 3,439 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Zscaler were worth $17,568,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tradewinds Capital Management LLC lifted 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 buying an additional 51 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Zscaler in the 3rd quarter worth $29,000. Quaker Wealth Management LLC increased its stake in shares of Zscaler by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 194 shares during the last quarter. Exane Asset Management raised its holdings in shares of Zscaler by 185.7% during the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after acquiring an additional 65 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Zscaler during the 2nd quarter valued at about $41,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: KeyCorp reiterated an Overweight view and published detailed FY2026–FY2027 EPS forecasts (Q2–Q4 cadence and FY targets), supporting a higher-valuation thesis and giving investors modeled upside. What is KeyCorp’s Forecast for Zscaler Q1 Earnings?
• Positive Sentiment: Seeking Alpha reports that Zscaler’s growth path is “clearer and stronger”: GTM improvements, platform deals, Z-Flex customer consolidation, and AI & Data Security are now material growth engines (AI security >80% y/y; Data Security ARR ~ $450M) — a narrative that supports re-rating if execution continues. Zscaler: Growth Path Ahead Has Gotten Clearer And Stronger
• Neutral Sentiment: Zacks highlights heightened investor interest in ZS and outlines key facts investors are watching — a sign that stock moves may be driven partly by attention/flows as well as fundamentals. Zscaler, Inc. (ZS) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Analysis comparing Zscaler to Netskope frames this as a strategic AI-cybersecurity battle; such comparisons underline competitive risk but also validate market opportunity — important context for investors evaluating relative positioning. Zscaler Vs. Netskope: The Battle For The AI Cybersecurity Edge
• Negative Sentiment: Citigroup trimmed its price target to $305, which could cap near-term upside and introduce headwinds if investors re-price growth expectations versus peers. Citigroup Lowers Zscaler (NASDAQ:ZS) Price Target to $305.00
• Negative Sentiment: A Seeking Alpha piece with a “wouldn’t pull the trigger just yet” stance (despite a rating upgrade) injects caution — flagging valuation, timing, or execution risks that may make some investors hesitant to add here. Zscaler: I Wouldn’t Pull The Trigger Just Yet (Rating Upgrade)
• Negative Sentiment: A Zacks note on a recent intraday dip explains price sensitivity to earnings/guide cadence and broader market moves — a reminder that volatility remains a factor for ZS. Why Zscaler (ZS) Dipped More Than Broader Market Today

Analysts Set New Price Targets

Several research firms recently issued reports on ZS. Mizuho upgraded shares of Zscaler from a “neutral” rating to an “outperform” rating and set a $310.00 price objective for the company in a research report on Tuesday, December 16th. Macquarie initiated coverage on shares of Zscaler in a report on Friday, October 31st. They set an “outperform” rating and a $390.00 price target for the company. HC Wainwright reiterated a “buy” rating on shares of Zscaler in a report on Wednesday, November 26th. Wedbush raised their target price on Zscaler from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Zscaler in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $317.63.

Insider Activity

In other Zscaler news, Director James A. Beer sold 653 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $226.72, for a total value of $148,048.16. Following the completion of the transaction, the director owned 3,485 shares in the company, valued at $790,119.20. The trade was a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,843 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 value of $656,221.26. Following the completion of the sale, the chief executive officer owned 347,857 shares in the company, valued at approximately $80,292,352.74. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,550 shares of company stock worth $5,511,509 over the last 90 days. Company insiders own 17.20% of the company’s stock.

Zscaler Trading Up 1.6%

Shares of NASDAQ ZS opened at $213.98 on Friday. The stock has a fifty day simple moving average of $247.65 and a 200-day simple moving average of $277.67. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $336.99. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $34.12 billion, a PE ratio of -822.97, a PEG ratio of 3,516.94 and a beta of 1.02.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. Zscaler had a negative return on equity of 0.12% and a negative net margin of 1.45%.Zscaler’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company posted $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. On average, equities analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Zscaler Company 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.