Freestone Capital Holdings LLC Boosts Holdings in Zscaler, Inc. $ZS

Freestone Capital Holdings LLC lifted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 24.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,656 shares of the company’s stock after buying an additional 521 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Zscaler were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ZS. Brookstone Capital Management bought a new stake in Zscaler in the second quarter worth $283,000. Parisi Gray Wealth Management purchased a new position in shares of Zscaler in the 2nd quarter worth about $801,000. GGM Financials LLC purchased a new position in shares of Zscaler in the 2nd quarter worth about $5,811,000. Howe & Rusling Inc. boosted its stake in Zscaler by 17.1% in the 1st quarter. Howe & Rusling Inc. now owns 24,672 shares of the company’s stock worth $4,895,000 after purchasing an additional 3,611 shares in the last quarter. Finally, Focus Partners Wealth grew its position in Zscaler by 2.5% during the 1st quarter. Focus Partners Wealth now owns 62,083 shares of the company’s stock valued at $12,319,000 after purchasing an additional 1,517 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Zscaler

In other news, insider Robert Schlossman sold 3,200 shares of the stock in a transaction that occurred on 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. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s stock in a transaction that occurred on 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 $98,441,490. This trade represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 43,084 shares of company stock worth $12,446,825 over the last 90 days. 18.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Morgan Stanley raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $280.00 to $320.00 in a report on Tuesday, September 2nd. KeyCorp raised their price target on shares of Zscaler from $345.00 to $350.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. upped their price objective on Zscaler from $348.00 to $351.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $340.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, Piper Sandler boosted their price target on Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $310.14.

Zscaler Price Performance

NASDAQ ZS opened at $336.27 on Tuesday. The stock has a market capitalization of $53.23 billion, a price-to-earnings ratio of -1,245.44 and a beta of 1.06. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $336.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The business’s fifty day moving average price is $297.08 and its 200-day moving average price is $281.84.

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

About Zscaler

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.