Delta Global Management LP Sells 5,481 Shares of Zscaler, Inc. $ZS

Delta Global Management LP cut its holdings in Zscaler, Inc. (NASDAQ:ZS) by 55.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,358 shares of the company’s stock after selling 5,481 shares during the quarter. Delta Global Management LP’s holdings in Zscaler were worth $1,306,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ZS. Binnacle Investments Inc bought a new position in Zscaler during the third quarter valued at $25,000. Tradewinds Capital Management LLC grew its stake in shares of Zscaler by 145.7% in the 3rd 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. Root Financial Partners LLC bought a new stake in shares of Zscaler in the 3rd quarter worth about $26,000. McIlrath & Eck LLC purchased a new stake in shares of Zscaler during the 3rd quarter valued at about $29,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Zscaler during the 3rd quarter valued at about $30,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Trading Down 0.0%

ZS opened at $153.69 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. The stock’s 50 day moving average price is $183.30 and its 200-day moving average price is $245.83. Zscaler, Inc. has a one year low of $140.56 and a one year high of $336.99. The stock has a market cap of $24.71 billion, a price-to-earnings ratio of -365.93 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The firm had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. During the same period last year, the company earned $0.78 EPS. Zscaler’s quarterly revenue was up 25.9% compared to the same quarter last year. 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 analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

ZS has been the subject of several recent research reports. TD Cowen dropped their price target on Zscaler from $330.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Zacks Research lowered Zscaler from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Citizens Jmp dropped their target price on Zscaler from $355.00 to $290.00 and set a “market outperform” rating for the company in a report on Friday, February 27th. KeyCorp cut their target price on Zscaler from $300.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Finally, Sanford C. Bernstein upgraded Zscaler from a “market perform” rating to an “outperform” rating and set a $228.00 price target on the stock in a report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.13.

Insider Transactions at Zscaler

In other news, Director James A. Beer sold 653 shares of Zscaler stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $226.72, for a total transaction of $148,048.16. Following the completion of the sale, the director directly owned 3,485 shares in the company, valued at approximately $790,119.20. This trade represents a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Schlossman sold 2,349 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $232.79, for a total transaction of $546,823.71. Following the sale, the insider directly owned 74,653 shares of the company’s stock, valued at $17,378,471.87. This represents a 3.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 4,622 shares of company stock worth $1,071,992. 17.20% of the stock is currently owned by insiders.

Zscaler 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.