Bridgefront Capital LLC Increases Stock Position in Zscaler, Inc. $ZS

Bridgefront Capital LLC grew its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 233.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,766 shares of the company’s stock after purchasing an additional 4,036 shares during the period. Zscaler makes up about 0.5% of Bridgefront Capital LLC’s holdings, 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 large investors have also modified their holdings of the company. California Public Employees Retirement System grew its holdings in Zscaler by 2.0% during the third quarter. California Public Employees Retirement System now owns 165,274 shares of the company’s stock worth $49,526,000 after acquiring an additional 3,259 shares during the period. Boothbay Fund Management LLC boosted its position in shares of Zscaler by 27.1% during the 3rd quarter. Boothbay Fund Management LLC now owns 2,843 shares of the company’s stock worth $852,000 after purchasing an additional 607 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Zscaler by 16.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 370,176 shares of the company’s stock valued at $110,920,000 after purchasing an additional 51,117 shares in the last quarter. Creative Planning lifted its stake in shares of Zscaler by 14.8% in the third quarter. Creative Planning now owns 102,575 shares of the company’s stock valued at $30,738,000 after purchasing an additional 13,261 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Zscaler by 61.8% in the third quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock valued at $576,083,000 after purchasing an additional 741,756 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $153.76 on Friday. The business’s fifty 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 PE ratio of -366.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. Zscaler, Inc. has a one year low of $140.56 and a one year high of $336.99.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The company had revenue of $815.75 million during the quarter, compared to analysts’ expectations of $798.92 million. During the same period in the previous year, the firm posted $0.78 earnings per share. The business’s revenue for the quarter 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 forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Oppenheimer dropped their target price on shares of Zscaler from $280.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, March 10th. Citigroup dropped their price objective on Zscaler from $305.00 to $195.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. HC Wainwright reiterated a “buy” rating on shares of Zscaler in a research report on Wednesday, November 26th. Canaccord Genuity Group lowered their target price on Zscaler from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Scotiabank dropped their price target on Zscaler from $334.00 to $320.00 and set a “sector outperform” rating for the company in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target of $267.13.

Insider Transactions at Zscaler

In other news, EVP Raj Judge sold 3,438 shares of Zscaler stock in a transaction dated 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 $16,248,343.08. The trade was a 4.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Schlossman sold 3,084 shares of the business’s stock in a transaction that occurred 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 directly owned 77,002 shares of the company’s stock, valued at approximately $17,773,601.64. This represents a 3.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,350 shares of company stock worth $4,471,509 in the last ninety days. Company 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.