Frontier Capital Management Co. LLC Reduces Stock Position in Zscaler, Inc. $ZS

Frontier Capital Management Co. LLC decreased its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 37.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 203,580 shares of the company’s stock after selling 122,521 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.13% of Zscaler worth $63,912,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ZS. SVB Wealth LLC acquired a new stake in shares of Zscaler in the 1st quarter worth $26,000. Quaker Wealth Management LLC grew its holdings in shares of Zscaler by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 194 shares during the period. Exane Asset Management increased its position in Zscaler by 185.7% during the second quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Bayforest Capital Ltd purchased a new position in Zscaler during the first quarter worth about $34,000. Finally, Kozak & Associates Inc. purchased a new position in Zscaler during the second quarter worth about $35,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zscaler

In other Zscaler 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 transaction of $1,040,000.00. Following the sale, the insider directly owned 80,086 shares in the company, valued at $26,027,950. This represents a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Raj Judge sold 4,524 shares of the firm’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 $1,269,886.80. Following the completion of the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This represents a 5.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 43,084 shares of company stock valued at $12,446,825 in the last 90 days. Corporate insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

ZS has been the subject of a number of recent analyst reports. Sanford C. Bernstein downgraded shares of Zscaler from an “outperform” rating to a “hold” rating in a report on Monday, December 1st. Wall Street Zen lowered Zscaler from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Scotiabank cut their target price on Zscaler from $334.00 to $320.00 and set a “sector outperform” rating for the company in a research note on Wednesday, November 26th. Royal Bank Of Canada upped their price target on Zscaler from $350.00 to $366.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Finally, Capital One Financial set a $320.00 price target on Zscaler and gave the stock an “overweight” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average price target of $321.87.

Zscaler Price Performance

ZS opened at $243.29 on Thursday. The stock’s 50-day moving average price is $295.56 and its 200 day moving average price is $290.92. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $336.99. The firm has a market cap of $38.80 billion, a price-to-earnings ratio of -935.69 and a beta of 1.07. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. Zscaler had a negative return on equity of 0.12% and a negative net margin of 1.45%.Zscaler’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. 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, sell-side analysts expect 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.