Forum Financial Management LP Grows Stock Holdings in Zscaler, Inc. $ZS

Forum Financial Management LP increased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 10.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,168 shares of the company’s stock after acquiring an additional 112 shares during the period. Forum Financial Management LP’s holdings in Zscaler were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new position in shares of Zscaler during the first quarter worth about $26,000. Goodman Advisory Group LLC purchased a new position in shares of Zscaler during the first quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new stake in Zscaler in the 1st quarter valued at approximately $29,000. Exane Asset Management boosted its holdings in Zscaler by 185.7% in the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in Zscaler in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $323.00 on Friday. The business’s 50 day simple moving average is $290.53 and its 200-day simple moving average is $275.43. The firm has a market capitalization of $51.13 billion, a price-to-earnings ratio of -1,196.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $327.39.

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

Insider Buying and Selling

In related news, insider Adam Geller sold 11,193 shares of Zscaler stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the completion of the transaction, the insider directly owned 53,942 shares in the company, valued at $15,141,519.40. The trade was a 17.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of Zscaler 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 of the company’s stock, valued at $23,263,655.24. This represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ZS. Evercore ISI lifted their price objective on Zscaler from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Piper Sandler lifted their price objective on Zscaler from $260.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. B. Riley began coverage on Zscaler in a report on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price objective on the stock. BMO Capital Markets lifted their price objective on Zscaler from $295.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Finally, Susquehanna lifted their price objective on Zscaler from $320.00 to $340.00 and gave the company a “positive” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $307.86.

Zscaler Company 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.