GraniteShares Advisors LLC Sells 367 Shares of Zscaler, Inc. $ZS

GraniteShares Advisors LLC decreased its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 14.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,173 shares of the company’s stock after selling 367 shares during the period. GraniteShares Advisors LLC’s holdings in Zscaler were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ZS. Secure Asset Management LLC lifted its stake in Zscaler by 1.8% in the second quarter. Secure Asset Management LLC now owns 2,436 shares of the company’s stock valued at $765,000 after buying an additional 43 shares during the period. Quintet Private Bank Europe S.A. raised its position in shares of Zscaler by 4.7% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company’s stock valued at $222,000 after acquiring an additional 50 shares during the period. Cerity Partners LLC boosted its stake in Zscaler by 0.3% during the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company’s stock worth $4,549,000 after acquiring an additional 68 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in Zscaler by 2.6% during the first quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company’s stock valued at $556,000 after purchasing an additional 70 shares during the period. Finally, Ballentine Partners LLC increased its stake in Zscaler by 3.6% in the second quarter. Ballentine Partners LLC now owns 2,141 shares of the company’s stock valued at $672,000 after purchasing an additional 75 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Performance

Shares of ZS stock opened at $294.65 on Monday. The company’s fifty day simple moving average is $280.46 and its 200-day simple moving average is $260.87. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The firm has a market cap of $46.64 billion, a PE ratio of -1,091.30 and a beta of 1.05. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46.

Zscaler (NASDAQ:ZS) last released its earnings results 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. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The business had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same quarter last year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $280.00 to $320.00 in a report on Tuesday, September 2nd. Zacks Research downgraded Zscaler from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 3rd. Stifel Nicolaus boosted their price objective on Zscaler from $295.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. B. Riley began coverage on shares of Zscaler in a report on Tuesday, August 26th. They set a “neutral” rating and a $275.00 target price on the stock. Finally, JMP Securities reiterated a “market outperform” rating and issued a $355.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average target price of $307.00.

Insider Buying and Selling

In related news, insider Adam Geller sold 10,464 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total transaction 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 approximately $12,358,621.50. This represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the firm’s 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 $1,269,886.80. Following the completion of the transaction, the executive vice president owned 73,832 shares of the company’s stock, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,878 shares of company stock worth $9,266,002. Insiders own 18.10% of the company’s stock.

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.