4,089 Shares in Zscaler, Inc. $ZS Bought by Magnetar Financial LLC

Magnetar Financial LLC purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,089 shares of the company’s stock, valued at approximately $1,225,000.

Several other hedge funds have also recently added to or reduced their stakes in ZS. Federated Hermes Inc. boosted its holdings in shares of Zscaler by 314.0% in the 2nd quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock worth $367,932,000 after purchasing an additional 888,888 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Zscaler by 8.3% during the 2nd 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 in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Zscaler by 167.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 421,393 shares of the company’s stock worth $132,250,000 after buying an additional 263,982 shares during the last quarter. 1832 Asset Management L.P. lifted its position in Zscaler by 131.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 461,800 shares of the company’s stock worth $144,977,000 after buying an additional 262,200 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its stake in Zscaler by 113.5% in the second quarter. Jefferies Financial Group Inc. now owns 24,000 shares of the company’s stock worth $7,535,000 after buying an additional 201,267 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 1.4%

Shares of NASDAQ ZS opened at $151.61 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. Zscaler, Inc. has a 52 week low of $140.56 and a 52 week high of $336.99. The firm’s fifty day moving average is $186.02 and its 200 day moving average is $247.85. The company has a market cap of $24.38 billion, a price-to-earnings ratio of -360.98 and a beta of 1.07.

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

Insider Activity

In related news, insider Robert Schlossman sold 3,084 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $711,848.88. Following the transaction, the insider owned 77,002 shares in the company, valued at $17,773,601.64. The trade was a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam Geller sold 2,060 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $475,489.20. Following the transaction, 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. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 19,350 shares of company stock valued at $4,471,509. 17.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ZS shares. Berenberg Bank reduced their price target on shares of Zscaler from $390.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. BTIG Research lowered their price objective on shares of Zscaler from $365.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Mizuho cut their price objective on shares of Zscaler from $265.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Zacks Research lowered shares of Zscaler from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Finally, KeyCorp decreased their target price on shares of Zscaler from $300.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.13.

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.