Zscaler, Inc. $ZS Shares Acquired by Bridgefront Capital LLC

Bridgefront Capital LLC increased its holdings in Zscaler, Inc. (NASDAQ:ZS) by 233.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,766 shares of the company’s stock after purchasing an additional 4,036 shares during the period. Zscaler accounts for 0.5% of Bridgefront Capital LLC’s investment portfolio, making the stock its 18th biggest position. Bridgefront Capital LLC’s holdings in Zscaler were worth $1,728,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Binnacle Investments Inc acquired a new stake in Zscaler in the 3rd quarter worth about $25,000. Tradewinds Capital Management LLC increased its stake in shares of Zscaler by 145.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after acquiring an additional 51 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Zscaler during the 3rd quarter worth about $26,000. McIlrath & Eck LLC purchased a new position in shares of Zscaler during the 3rd quarter worth about $29,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Zscaler in the third quarter worth approximately $30,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZS has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of Zscaler from $305.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Canaccord Genuity Group cut their price target on shares of Zscaler from $340.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company initiated coverage on shares of Zscaler in a report on Tuesday, March 3rd. They issued an “overweight” rating and a $200.00 price target on the stock. Needham & Company LLC lowered their price objective on shares of Zscaler from $310.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Sanford C. Bernstein upgraded Zscaler from a “market perform” rating to an “outperform” rating and set a $228.00 price objective for the company in a report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.13.

Zscaler Trading Up 1.4%

Shares of ZS stock opened at $153.76 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. Zscaler, Inc. has a fifty-two week low of $140.56 and a fifty-two week high of $336.99. The firm’s 50 day moving average price is $184.68 and its two-hundred day moving average price is $246.90. The stock has a market cap of $24.72 billion, a price-to-earnings ratio of -366.10 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The company had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Activity

In other Zscaler news, EVP Raj Judge sold 3,438 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $793,559.16. Following the transaction, the executive vice president owned 70,394 shares in the company, valued at $16,248,343.08. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $656,221.26. Following the transaction, the chief executive officer owned 347,857 shares in the company, valued at approximately $80,292,352.74. This represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,350 shares of company stock worth $4,471,509 in the last quarter. Insiders own 17.20% of the company’s stock.

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.