Thompson Davis & CO. Inc. Buys Shares of 850 Zscaler, Inc. $ZS

Thompson Davis & CO. Inc. bought a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 850 shares of the company’s stock, valued at approximately $267,000.

A number of other large investors also recently modified their holdings of the business. Candriam S.C.A. boosted its holdings in shares of Zscaler by 8.8% in the 2nd quarter. Candriam S.C.A. now owns 158,310 shares of the company’s stock valued at $49,702,000 after buying an additional 12,767 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in Zscaler by 8.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 14,846 shares of the company’s stock worth $4,661,000 after acquiring an additional 1,180 shares during the last quarter. Geode Capital Management LLC boosted its stake in Zscaler by 6.0% in the second quarter. Geode Capital Management LLC now owns 1,866,329 shares of the company’s stock valued at $584,160,000 after acquiring an additional 105,318 shares during the period. Forsta AP Fonden boosted its stake in Zscaler by 2.0% in the second quarter. Forsta AP Fonden now owns 20,900 shares of the company’s stock valued at $6,561,000 after acquiring an additional 400 shares during the period. Finally, National Pension Service grew its holdings in shares of Zscaler by 0.6% during the second quarter. National Pension Service now owns 172,819 shares of the company’s stock valued at $54,255,000 after purchasing an additional 972 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Stock Down 2.7%

ZS opened at $308.60 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $48.85 billion, a PE ratio of -1,142.96 and a beta of 1.06. The stock’s fifty day moving average is $304.82 and its 200-day moving average is $287.36. Zscaler, Inc. has a one year low of $164.78 and a one year high of $336.99.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $707.15 million. During the same period in the prior year, the business earned $0.88 earnings per share. The business’s quarterly revenue 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. On average, equities analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

ZS has been the topic of several recent research reports. Scotiabank cut their price target on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating on the stock in a report on Wednesday, September 3rd. B. Riley assumed coverage on Zscaler in a research note on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 target price on the stock. Robert W. Baird boosted their price target on shares of Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $340.00 price objective on shares of Zscaler in a report on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zscaler in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.39.

Insider Activity at Zscaler

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This represents a 5.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the transaction, the chief executive officer owned 350,700 shares in the company, valued at $98,441,490. This represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 43,084 shares of company stock valued at $12,446,825. Insiders own 18.10% of the company’s stock.

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.