Zscaler, Inc. $ZS Position Cut by Keybank National Association OH

Keybank National Association OH lowered its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 36.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,922 shares of the company’s stock after selling 14,464 shares during the quarter. Keybank National Association OH’s holdings in Zscaler were worth $4,970,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. New York Life Investment Management LLC acquired a new position in Zscaler in the third quarter worth $240,000. AlphaCore Capital LLC raised its holdings in shares of Zscaler by 162.0% during the third quarter. AlphaCore Capital LLC now owns 4,435 shares of the company’s stock worth $884,000 after purchasing an additional 2,742 shares during the period. Fulcrum Asset Management LLP raised its holdings in shares of Zscaler by 23,272.5% during the third quarter. Fulcrum Asset Management LLP now owns 39,967 shares of the company’s stock worth $7,928,000 after purchasing an additional 39,796 shares during the period. University of Texas Texas AM Investment Management Co. raised its holdings in shares of Zscaler by 50.0% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 324 shares of the company’s stock worth $65,000 after purchasing an additional 108 shares during the period. Finally, Brighton Jones LLC raised its holdings in shares of Zscaler by 114.9% during the third quarter. Brighton Jones LLC now owns 11,136 shares of the company’s stock worth $2,221,000 after purchasing an additional 5,955 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Activity

In other Zscaler news, CFO Kevin Rubin sold 5,957 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total value of $1,148,271.32. Following the sale, the chief financial officer owned 43,287 shares in the company, valued at approximately $8,344,002.12. This trade represents a 12.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 23,958 shares of Zscaler stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $225.43, for a total value of $5,400,851.94. Following the sale, the insider directly owned 38,308 shares in the company, valued at approximately $8,635,772.44. This trade represents a 38.48% 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 have sold a total of 55,105 shares of company stock worth $11,563,836 in the last quarter. Company insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Zscaler from $230.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 7th. Stephens boosted their price objective on shares of Zscaler from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Zacks Research upgraded shares of Zscaler from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Yorkville Ives started coverage on shares of Zscaler in a report on Tuesday, October 6th. They issued an “outperform” rating and a $250.00 target price on the stock. Finally, Wedbush raised their target price on shares of Zscaler from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th. Thirty-six equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.65.

Zscaler Stock Performance

ZS stock opened at $193.22 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market capitalization of $31.50 billion, a price-to-earnings ratio of -495.44, a PEG ratio of 18.43 and a beta of 0.82. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $316.85. The stock’s fifty day moving average is $209.16 and its two-hundred day moving average is $167.37.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The company’s quarterly revenue was up 24.9% on a year-over-year basis. 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 0.70 EPS for the current year.

Zscaler Profile

Zscaler, Inc. is a cloud security company that provides services designed to help organizations protect users, applications, and data. Its platform, the Zscaler Zero Trust Exchange, connects users and devices to applications while applying security controls, rather than relying on traditional network boundaries. The company’s offerings include Zscaler Internet Access for securing internet and software-as-a-service traffic, and Zscaler Private Access for providing secure access to private applications.