Wedbush Securities Inc. Has $1.60 Million Stock Position in Zscaler, Inc. $ZS

Wedbush Securities Inc. lowered its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,095 shares of the company’s stock after selling 1,057 shares during the quarter. Wedbush Securities Inc.’s holdings in Zscaler were worth $1,600,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ZS. Quaker Wealth Management LLC grew its position in Zscaler by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 194 shares during the last quarter. Exane Asset Management lifted its stake in shares of Zscaler by 185.7% in the second quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after buying an additional 65 shares during the period. Kozak & Associates Inc. acquired a new stake in Zscaler during the second quarter worth about $35,000. SVB Wealth LLC bought a new position in Zscaler during the first quarter valued at about $26,000. Finally, Ameritas Advisory Services LLC bought a new position in Zscaler during the second quarter valued at about $41,000. 46.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on ZS shares. Stifel Nicolaus upped their price target on Zscaler from $295.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Canaccord Genuity Group raised their target price on Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. JMP Securities reiterated a “market outperform” rating and set a $355.00 price target on shares of Zscaler in a research note on Wednesday, September 3rd. Zacks Research upgraded shares of Zscaler from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Zscaler from $348.00 to $351.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $310.14.

Zscaler Trading Up 0.7%

Shares of Zscaler stock opened at $320.01 on Friday. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $336.99. The stock has a market capitalization of $50.66 billion, a P/E ratio of -1,185.22 and a beta of 1.06. The company has a 50-day simple moving average of $300.92 and a 200 day simple moving average of $284.76. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 EPS 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 company’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 3,200 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $325.00, for a total value of $1,040,000.00. Following the transaction, the insider owned 80,086 shares of the company’s stock, valued at approximately $26,027,950. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the sale, the chief executive officer owned 350,700 shares in the company, valued at $98,441,490. The trade was a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,084 shares of company stock valued at $12,446,825 in the last 90 days. Insiders own 18.10% of the company’s stock.

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.