Zscaler, Inc. $ZS Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario trimmed its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,822 shares of the company’s stock after selling 2,219 shares during the quarter. Investment Management Corp of Ontario’s holdings in Zscaler were worth $9,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ZS. Atria Wealth Solutions Inc. boosted its stake in Zscaler by 16.5% during the first quarter. Atria Wealth Solutions Inc. now owns 3,455 shares of the company’s stock worth $686,000 after buying an additional 490 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Zscaler by 12.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 424,547 shares of the company’s stock valued at $84,239,000 after acquiring an additional 46,822 shares during the period. Swiss National Bank lifted its holdings in shares of Zscaler by 8.8% in the 1st quarter. Swiss National Bank now owns 281,300 shares of the company’s stock worth $55,816,000 after acquiring an additional 22,800 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Zscaler by 14.7% during the 1st quarter. Townsquare Capital LLC now owns 5,374 shares of the company’s stock worth $1,066,000 after purchasing an additional 687 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Zscaler during the 1st quarter worth approximately $508,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Zscaler news, insider Adam Geller sold 11,193 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 $3,141,875.10. Following the completion of the transaction, the insider owned 53,942 shares in the company, valued at $15,141,519.40. The trade was a 17.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Raj Judge sold 4,524 shares of the 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 sale, the executive vice president directly owned 73,832 shares in the company, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 43,084 shares of company stock worth $12,446,825 over the last three months. Insiders own 17.20% of the company’s stock.

Zscaler Trading Up 0.9%

ZS opened at $244.88 on Tuesday. The business has a fifty day moving average price of $297.92 and a 200 day moving average price of $291.33. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $336.99. The stock has a market capitalization of $39.05 billion, a price-to-earnings ratio of -941.81 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. Zscaler had a negative return on equity of 0.12% and a negative net margin of 1.45%.The company had revenue of $788.11 million for the quarter, compared to analyst estimates of $773.86 million. During the same quarter last year, the company earned $0.77 EPS. Zscaler’s revenue for the quarter was up 25.5% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. Sell-side analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on ZS shares. Needham & Company LLC cut their target price on Zscaler from $350.00 to $310.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Bank of America dropped their price objective on Zscaler from $355.00 to $335.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Royal Bank Of Canada boosted their price objective on Zscaler from $350.00 to $366.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. BMO Capital Markets increased their target price on Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Mizuho dropped their target price on Zscaler from $325.00 to $310.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

Zscaler 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.