Zscaler, Inc. $ZS Stock: Inspire Investing LLC Decreases Position

Inspire Investing LLC lessened its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 9.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 25,178 shares of the company’s stock after selling 2,667 shares during the period. Inspire Investing LLC’s holdings in Zscaler were worth $5,021,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Yousif Capital Management LLC acquired a new stake in shares of Zscaler in the 3rd quarter valued at $292,000. MLP3 LLC purchased a new stake in shares of Zscaler during the 3rd quarter worth $212,000. MBL Wealth LLC acquired a new position in shares of Zscaler during the third quarter worth $919,000. Root Financial Partners LLC acquired a new position in shares of Zscaler during the third quarter worth $97,000. Finally, Kings Path Partners LLC purchased a new position in Zscaler in the third quarter valued at $40,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citizens Jmp raised their price target on Zscaler from $210.00 to $265.00 and gave the company a “market outperform” rating in a research note on Friday, October 9th. Truist Financial reaffirmed a “buy” rating and set a $250.00 price objective (up from $200.00) on shares of Zscaler in a research report on Wednesday, October 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $236.00 price objective on shares of Zscaler in a report on Wednesday, October 7th. Stephens raised their target price on Zscaler from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Finally, Canaccord Genuity Group raised their target price on Zscaler from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Thirty-seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $240.14.

Insider Buying and Selling at Zscaler

In related news, insider Robert Schlossman sold 5,394 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the completion of the sale, the insider owned 61,525 shares in the company, valued at $12,305,000. This represents a 8.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Beer sold 177 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $192.01, for a total transaction of $33,985.77. Following the transaction, the director directly owned 4,030 shares in the company, valued at $773,800.30. The trade was a 4.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 54,053 shares of company stock worth $11,256,876 in the last 90 days. Company insiders own 17.20% of the company’s stock.

Key Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Higher price target: Freedom Broker raised its target on Zscaler from $230 to $270 while maintaining a “Buy” rating, citing continued strength across cybersecurity stocks. Freedom Broker raises Zscaler price target
• Positive Sentiment: Data-security growth: Zscaler’s Data Security annual recurring revenue surpassed $500 million and grew more than 30% year over year. Its security tools reportedly appeared in roughly 70% of “Security for AI” deals, supporting expectations for larger enterprise contracts and expansion within existing customers. Zscaler data security growth
• Positive Sentiment: AI partnership narrative: Zscaler is integrating with NVIDIA’s OpenShell architecture to help enterprises secure autonomous AI agents and sensitive data flows, linking its AI-security strategy to customer spending. NVIDIA and Zscaler AI security partnership
• Positive Sentiment: Investor interest: Hightower’s Stephanie Link reportedly purchased Zscaler shares, providing a favorable signal from an institutional investment manager. Hightower buys Zscaler shares
• Neutral Sentiment: Mixed analyst view: DA Davidson initiated coverage with a “Neutral” rating and a $215 target, below recent trading levels, tempering the more optimistic target increases. DA Davidson initiates Zscaler coverage
• Negative Sentiment: Legal investigation: Pomerantz LLP announced an investigation into potential securities-law violations on behalf of Zscaler investors. The development could increase litigation and disclosure risks, although no wrongdoing has been established. Pomerantz investigation of Zscaler

Zscaler Trading Up 7.3%

ZS opened at $255.15 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99. The business’s 50 day moving average is $196.94 and its two-hundred day moving average is $163.22. The firm has a market cap of $41.60 billion, a price-to-earnings ratio of -654.23, a price-to-earnings-growth ratio of 22.85 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.10. The business had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, research analysts predict that Zscaler, Inc. will post 0.69 EPS for the current year.

About Zscaler

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.