Rhumbline Advisers Lowers Stock Holdings in Zscaler, Inc. $ZS

Rhumbline Advisers decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,884 shares of the company’s stock after selling 3,102 shares during the quarter. Rhumbline Advisers owned 0.10% of Zscaler worth $49,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Tradewinds Capital Management LLC lifted its position in Zscaler by 145.7% in the third quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Zscaler during the 3rd quarter valued at about $26,000. McIlrath & Eck LLC purchased a new position in shares of Zscaler during the 3rd quarter worth approximately $29,000. Quaker Wealth Management LLC grew its stake in Zscaler by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 194 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Zscaler by 81.9% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 131 shares of the company’s stock worth $39,000 after acquiring an additional 59 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. 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 research note on Friday. Loop Capital set a $320.00 price target on shares of Zscaler in a research note on Thursday, December 11th. Citizens Jmp reissued a “market outperform” rating and set a $355.00 price objective on shares of Zscaler in a report on Wednesday, November 26th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price objective on shares of Zscaler in a research report on Wednesday. Finally, Macquarie Infrastructure initiated coverage on shares of Zscaler in a research report on Friday, October 31st. They issued an “outperform” rating and a $390.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and an average target price of $315.63.

Zscaler Stock Performance

Shares of ZS stock opened at $177.72 on Friday. The business has a fifty day moving average of $213.90 and a 200 day moving average of $263.53. Zscaler, Inc. has a 1 year low of $162.87 and a 1 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 firm has a market capitalization of $28.34 billion, a price-to-earnings ratio of -683.51, a price-to-earnings-growth ratio of 348.38 and a beta of 1.02.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, November 25th. The company reported $0.96 earnings per share 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 analyst estimates of $773.86 million. During the same period in the prior year, the company earned $0.77 earnings per share. The company’s 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. As a group, research analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Robert Schlossman sold 3,084 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 $711,848.88. Following the completion of the transaction, the insider owned 77,002 shares of the company’s stock, valued at $17,773,601.64. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Raj Judge sold 3,438 shares of the company’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 sale, the executive vice president directly owned 70,394 shares in the company, valued at approximately $16,248,343.08. The trade was a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 19,350 shares of company stock worth $4,471,509 in the last quarter. 17.20% of the stock is currently owned by corporate insiders.

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.