IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 7,729 Shares of Zscaler, Inc. $ZS

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 30.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,854 shares of the company’s stock after selling 7,729 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Zscaler were worth $5,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Parisi Gray Wealth Management acquired a new stake in shares of Zscaler during the second quarter worth $801,000. GAMMA Investing LLC boosted its position in Zscaler by 43.1% during the first quarter. GAMMA Investing LLC now owns 641 shares of the company’s stock valued at $127,000 after acquiring an additional 193 shares during the last quarter. Howe & Rusling Inc. grew its holdings in Zscaler by 17.1% during the 1st quarter. Howe & Rusling Inc. now owns 24,672 shares of the company’s stock worth $4,895,000 after acquiring an additional 3,611 shares during the period. Focus Partners Wealth grew its holdings in Zscaler by 2.5% during the 1st quarter. Focus Partners Wealth now owns 62,083 shares of the company’s stock worth $12,319,000 after acquiring an additional 1,517 shares during the period. Finally, Allworth Financial LP raised its position in shares of Zscaler by 47.4% in the 1st quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock worth $211,000 after acquiring an additional 322 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of ZS stock opened at $326.33 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The firm 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 12 month low of $164.78 and a 12 month high of $327.71. The firm has a market capitalization of $51.66 billion, a PE ratio of -1,208.63 and a beta of 1.06.

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

Insider Buying and Selling

In other news, insider Robert Schlossman sold 7,006 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total value of $2,140,823.42. Following the transaction, the insider owned 76,132 shares in the company, valued at $23,263,655.24. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $804,205.50. Following the transaction, the chief executive officer directly owned 350,700 shares in the company, valued at approximately $98,441,490. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,084 shares of company stock worth $12,446,825 over the last 90 days. Company insiders own 18.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ZS. Scotiabank dropped their price target on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 3rd. Morgan Stanley upgraded shares of Zscaler from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $280.00 to $320.00 in a research note on Tuesday, September 2nd. B. Riley began coverage on shares of Zscaler in a research report on Tuesday, August 26th. They set a “neutral” rating and a $275.00 target price on the stock. Robert W. Baird increased their target price on shares of Zscaler from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Zacks Research raised shares of Zscaler from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $307.86.

About Zscaler

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.