Brighton Jones LLC Makes New $956,000 Investment in Zscaler, Inc. $ZS

Brighton Jones LLC purchased a new position in Zscaler, Inc. (NASDAQ:ZS) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 3,046 shares of the company’s stock, valued at approximately $956,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZS. T. Rowe Price Investment Management Inc. bought a new position in Zscaler in the first quarter worth approximately $516,622,000. Nuveen LLC bought a new position in Zscaler in the first quarter worth approximately $153,340,000. Goldman Sachs Group Inc. boosted its holdings in Zscaler by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after acquiring an additional 578,883 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Zscaler in the first quarter worth approximately $70,340,000. Finally, Vanguard Group Inc. raised its stake in shares of Zscaler by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after purchasing an additional 294,034 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other news, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the completion of the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Geller sold 10,464 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total value of $2,974,392.00. Following the completion of the transaction, the insider directly owned 43,478 shares of the company’s stock, valued at $12,358,621.50. The trade was a 19.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,084 shares of company stock valued at $12,446,825. Corporate insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

NASDAQ:ZS opened at $326.33 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The business has a fifty day simple moving average of $291.51 and a two-hundred day simple moving average of $276.81. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $327.71. The company has a market capitalization of $51.66 billion, a P/E ratio of -1,208.63 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same period last year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ZS. Cantor Fitzgerald reissued an “overweight” rating and issued a $340.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Zscaler in a research note on Wednesday, October 8th. Susquehanna increased their price objective on Zscaler from $320.00 to $340.00 and gave the stock a “positive” rating in a research note on Wednesday, September 3rd. Barclays increased their price objective on Zscaler from $300.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. Finally, Wall Street Zen downgraded Zscaler from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $307.86.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.