Private Advisor Group LLC Buys 4,705 Shares of Zscaler, Inc. $ZS

Private Advisor Group LLC increased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 21.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,724 shares of the company’s stock after purchasing an additional 4,705 shares during the quarter. Private Advisor Group LLC’s holdings in Zscaler were worth $8,008,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Diversify Advisory Services LLC raised its stake in shares of Zscaler by 1.0% in the third quarter. Diversify Advisory Services LLC now owns 9,565 shares of the company’s stock worth $2,866,000 after acquiring an additional 97 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Zscaler by 2.7% in the third quarter. Pinnacle Associates Ltd. now owns 39,047 shares of the company’s stock valued at $11,701,000 after purchasing an additional 1,035 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its stake in shares of Zscaler by 418.3% during the third quarter. Prevail Innovative Wealth Advisors LLC now owns 14,046 shares of the company’s stock valued at $4,209,000 after acquiring an additional 11,336 shares during the period. Vinva Investment Management Ltd boosted its stake in shares of Zscaler by 136.1% in the 3rd quarter. Vinva Investment Management Ltd now owns 11,347 shares of the company’s stock valued at $3,400,000 after purchasing an additional 6,541 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Zscaler by 10.9% during the 3rd quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock valued at $119,000 after acquiring an additional 39 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Insider Transactions at Zscaler

In other Zscaler news, EVP Raj Judge sold 3,438 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total transaction of $793,559.16. Following the sale, the executive vice president directly owned 70,394 shares of the company’s stock, valued at $16,248,343.08. The trade was a 4.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 347,857 shares of the company’s stock, valued at $80,292,352.74. The trade was a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 19,350 shares of company stock worth $4,471,509. 17.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZS. Wells Fargo & Company started coverage on shares of Zscaler in a report on Tuesday, March 3rd. They set an “overweight” rating and a $200.00 price objective for the company. Stifel Nicolaus decreased their price target on shares of Zscaler from $330.00 to $320.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Stephens lowered their price objective on shares of Zscaler from $340.00 to $225.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Canaccord Genuity Group reduced their target price on Zscaler from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Truist Financial decreased their target price on Zscaler from $350.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $267.13.

Zscaler Stock Down 1.8%

NASDAQ:ZS opened at $153.81 on Thursday. The stock has a 50-day simple moving average of $187.48 and a 200 day simple moving average of $248.53. Zscaler, Inc. has a 52-week low of $140.56 and a 52-week high of $336.99. The company has a market cap of $24.73 billion, a PE ratio of -366.21 and a beta of 1.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90.

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

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.