Simon Quick Advisors LLC Purchases New Holdings in Zscaler, Inc. $ZS

Simon Quick Advisors LLC purchased a new stake in Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, HoldingsChannel reports. The fund purchased 733 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds have also made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Zscaler in the 2nd quarter valued at approximately $1,761,000. Amalgamated Bank lifted its position in shares of Zscaler by 9.1% in the 2nd quarter. Amalgamated Bank now owns 7,331 shares of the company’s stock valued at $2,301,000 after acquiring an additional 613 shares in the last quarter. Atria Investments Inc purchased a new stake in shares of Zscaler in the 2nd quarter valued at approximately $363,000. Assetmark Inc. lifted its position in shares of Zscaler by 420.4% in the 2nd quarter. Assetmark Inc. now owns 562 shares of the company’s stock valued at $176,000 after acquiring an additional 454 shares in the last quarter. Finally, Emerald Advisers LLC lifted its position in shares of Zscaler by 1.9% in the 2nd quarter. Emerald Advisers LLC now owns 3,116 shares of the company’s stock valued at $978,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 2.4%

Zscaler stock opened at $328.30 on Wednesday. The company has a market capitalization of $51.97 billion, a P/E ratio of -1,215.93 and a beta of 1.06. The firm’s fifty day simple moving average is $298.29 and its 200-day simple moving average is $282.74. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. The business had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. Zscaler’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter last year, the firm earned $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. Sell-side analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Adam Geller sold 11,193 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $3,141,875.10. Following the transaction, the insider directly owned 53,942 shares in the company, valued at approximately $15,141,519.40. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 350,700 shares in the company, valued at $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ZS has been the topic of several research reports. Canaccord Genuity Group upped their price objective on shares of Zscaler from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Morgan Stanley upgraded shares of Zscaler from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $280.00 to $320.00 in a research note on Tuesday, September 2nd. BTIG Research reiterated a “buy” rating on shares of Zscaler in a research note on Thursday, July 10th. BMO Capital Markets upped their price objective on shares of Zscaler from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $355.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $310.14.

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.