Zscaler, Inc. $ZS Shares Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC increased its position in Zscaler, Inc. (NASDAQ:ZS) by 148.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,475 shares of the company’s stock after buying an additional 2,676 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Zscaler were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ZS. Wealth Enhancement Advisory Services LLC grew its stake in shares of Zscaler by 45.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 42,997 shares of the company’s stock valued at $12,587,000 after buying an additional 13,482 shares in the last quarter. Capital Advisory Group Advisory Services LLC boosted its holdings in Zscaler by 15.2% in the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 1,261 shares of the company’s stock worth $378,000 after acquiring an additional 166 shares during the period. Amalgamated Bank grew its position in Zscaler by 8.8% in the third quarter. Amalgamated Bank now owns 7,977 shares of the company’s stock valued at $2,390,000 after acquiring an additional 646 shares in the last quarter. Oak Ridge Investments LLC raised its stake in shares of Zscaler by 1,623.4% during the third quarter. Oak Ridge Investments LLC now owns 22,353 shares of the company’s stock valued at $6,698,000 after purchasing an additional 21,056 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Zscaler by 54.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 109,485 shares of the company’s stock worth $32,808,000 after purchasing an additional 38,707 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 3.6%

NASDAQ:ZS opened at $206.32 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $242.85 and a 200-day moving average of $275.97. The firm has a market capitalization of $32.90 billion, a PE ratio of -793.51, a price-to-earnings-growth ratio of 3,516.90 and a beta of 1.02. Zscaler, Inc. has a 52 week low of $164.78 and a 52 week high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The company had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. Analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on ZS. Morgan Stanley set a $305.00 price target on shares of Zscaler in a research note on Thursday, December 18th. Bank of America dropped their target price on Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Zacks Research upgraded Zscaler from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Stifel Nicolaus lowered their price objective on Zscaler from $330.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Finally, Citigroup dropped their price objective on Zscaler from $350.00 to $305.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $317.63.

Insider Activity

In related news, CFO Kevin Rubin sold 3,303 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $762,398.46. Following the completion of the sale, the chief financial officer directly owned 48,161 shares of the company’s stock, valued at approximately $11,116,522.02. This represents a 6.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $656,221.26. Following the completion of the sale, the chief executive officer directly owned 347,857 shares of the company’s stock, valued at $80,292,352.74. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 22,550 shares of company stock worth $5,511,509. 17.20% of the stock is owned by company insiders.

Zscaler Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.