Transcend Capital Advisors LLC Acquires New Shares in Zscaler, Inc. $ZS

Transcend Capital Advisors LLC acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 701 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in Zscaler by 12.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,969 shares of the company’s stock worth $8,467,000 after buying an additional 2,940 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Zscaler by 14.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 533 shares of the company’s stock worth $167,000 after buying an additional 68 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in Zscaler by 1.8% in the 2nd quarter. Wealthfront Advisers LLC now owns 6,788 shares of the company’s stock worth $2,131,000 after buying an additional 118 shares in the last quarter. Atlatl Advisers LLC bought a new position in Zscaler in the 2nd quarter worth approximately $1,581,000. Finally, Brighton Jones LLC bought a new position in Zscaler in the 2nd quarter worth approximately $956,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert Schlossman sold 7,006 shares of Zscaler stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the transaction, the insider owned 76,132 shares in the company, valued at approximately $23,263,655.24. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Geller sold 11,193 shares of Zscaler stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $3,141,875.10. Following the transaction, the insider owned 53,942 shares in the company, valued at $15,141,519.40. This represents a 17.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 43,084 shares of company stock worth $12,446,825. 18.10% of the stock is owned by corporate insiders.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $322.04 on Friday. The stock has a fifty day moving average of $294.57 and a 200-day moving average of $278.90. The company has a market capitalization of $50.98 billion, a PE ratio of -1,192.74 and a beta of 1.06. Zscaler, Inc. has a one year low of $164.78 and a one year high of $329.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The company’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. As a group, equities analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Rosenblatt Securities increased their price objective on Zscaler from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Bank of America increased their price objective on Zscaler from $340.00 to $355.00 and gave the stock a “buy” rating in a report on Monday, October 20th. BMO Capital Markets increased their price objective on Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Canaccord Genuity Group upped 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. Finally, Evercore ISI upped their target price on Zscaler from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.