Cynosure Group LLC Sells 313 Shares of Zscaler, Inc. $ZS

Cynosure Group LLC decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 17.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,450 shares of the company’s stock after selling 313 shares during the quarter. Cynosure Group LLC’s holdings in Zscaler were worth $455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZS. Vanguard Group Inc. grew its stake in shares of Zscaler by 8.3% in the second quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock worth $3,363,909,000 after purchasing an additional 824,626 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Zscaler by 23.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock worth $604,831,000 after buying an additional 578,883 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in Zscaler in the 1st quarter worth approximately $516,622,000. Geode Capital Management LLC grew its position in shares of Zscaler by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,329 shares of the company’s stock worth $584,160,000 after buying an additional 105,318 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Zscaler by 23.6% during the first quarter. AQR Capital Management LLC now owns 1,191,930 shares of the company’s stock valued at $234,715,000 after buying an additional 227,899 shares during the period. 46.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $340.00 price target on shares of Zscaler in a research note on Wednesday, September 3rd. Wall Street Zen cut shares of Zscaler from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Morgan Stanley boosted their price target on shares of Zscaler from $320.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Canaccord Genuity Group increased their price target on shares of Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $355.00 price objective on shares of Zscaler in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $316.65.

Insider Buying and Selling

In related news, insider Robert Schlossman sold 3,200 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $325.00, for a total value of $1,040,000.00. Following the transaction, the insider owned 80,086 shares in the company, valued at $26,027,950. The trade was a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the sale, the chief executive officer owned 350,700 shares of the company’s stock, valued at approximately $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 43,084 shares of company stock valued at $12,446,825. Insiders own 18.10% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $275.01 on Monday. The company has a 50 day simple moving average of $305.77 and a two-hundred day simple moving average of $290.75. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $336.99. The company has a market capitalization of $43.53 billion, a price-to-earnings ratio of -1,018.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The firm had revenue of $719.23 million for the quarter, compared to analysts’ expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.