Prospera Financial Services Inc Makes New Investment in Zscaler, Inc. $ZS

Prospera Financial Services Inc purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,588 shares of the company’s stock, valued at approximately $6,468,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its stake in Zscaler by 63.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,340 shares of the company’s stock worth $1,301,000 after buying an additional 1,679 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in shares of Zscaler by 2.3% in the third quarter. Linden Thomas Advisory Services LLC now owns 8,814 shares of the company’s stock worth $2,641,000 after acquiring an additional 201 shares in the last quarter. Candriam S.C.A. raised its position in shares of Zscaler by 7.9% during the third quarter. Candriam S.C.A. now owns 170,808 shares of the company’s stock worth $51,184,000 after purchasing an additional 12,498 shares during the period. Azzad Asset Management Inc. ADV raised its position in shares of Zscaler by 18.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 18,485 shares of the company’s stock worth $5,539,000 after purchasing an additional 2,838 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Zscaler by 77.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,149 shares of the company’s stock valued at $341,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ZS shares. Citizens Jmp reissued a “market outperform” rating and set a $355.00 target price on shares of Zscaler in a research note on Wednesday, November 26th. Robert W. Baird upped their price target on shares of Zscaler from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Barclays raised their price objective on shares of Zscaler from $320.00 to $350.00 and gave the stock an “overweight” rating in a report on Wednesday, November 12th. Needham & Company LLC cut their price objective on shares of Zscaler from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $365.00 target price on shares of Zscaler in a report on Wednesday, November 26th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $317.63.

Insider Activity at Zscaler

In other news, 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 value of $656,221.26. Following the completion of the sale, the chief executive officer owned 347,857 shares of the company’s stock, valued at approximately $80,292,352.74. This represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Raj Judge sold 3,438 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total transaction of $793,559.16. Following the completion of the transaction, the executive vice president directly owned 70,394 shares of the company’s stock, valued at $16,248,343.08. This represents a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 19,350 shares of company stock worth $4,471,509. Insiders own 17.20% of the company’s stock.

Zscaler Trading Up 2.4%

Zscaler stock opened at $174.34 on Wednesday. The firm has a 50-day moving average of $218.07 and a 200-day moving average of $265.62. Zscaler, Inc. has a one year low of $162.87 and a one year high of $336.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $27.80 billion, a price-to-earnings ratio of -670.51, a P/E/G ratio of 355.18 and a beta of 1.02.

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

About Zscaler

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.