EFG Asset Management North America Corp. Sells 492 Shares of Zscaler, Inc. $ZS

EFG Asset Management North America Corp. reduced its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,731 shares of the company’s stock after selling 492 shares during the period. EFG Asset Management North America Corp.’s holdings in Zscaler were worth $3,370,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Zscaler by 3.1% in the first quarter. Vanguard Group Inc. now owns 9,890,506 shares of the company’s stock worth $1,962,474,000 after buying an additional 294,034 shares during the period. Goldman Sachs Group Inc. increased its stake in Zscaler by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after purchasing an additional 578,883 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in Zscaler in the first quarter valued at approximately $516,622,000. AQR Capital Management LLC lifted its position in Zscaler by 23.6% in the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company’s stock valued at $234,715,000 after purchasing an additional 227,899 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Zscaler during the first quarter valued at approximately $153,340,000. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Down 2.4%

Zscaler stock opened at $328.30 on Wednesday. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $336.99. The stock has a fifty day simple moving average of $298.29 and a two-hundred day simple moving average of $282.74. 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 market cap of $51.97 billion, a price-to-earnings ratio of -1,215.93 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping the consensus estimate 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 previous year, the company posted $0.88 earnings per share. Zscaler’s revenue 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 analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 7,006 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the transaction, the insider directly owned 76,132 shares of the company’s stock, valued at approximately $23,263,655.24. This trade represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 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 value of $804,205.50. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,084 shares of company stock worth $12,446,825 in the last three months. Insiders own 18.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ZS shares. Royal Bank Of Canada raised their price target on shares of Zscaler from $335.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Macquarie initiated coverage on Zscaler in a research note on Friday, October 31st. They issued an “outperform” rating and a $390.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Zscaler in a report on Wednesday, October 8th. Zacks Research upgraded Zscaler from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Finally, Guggenheim reissued a “neutral” rating on shares of Zscaler in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.14.

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.