Atlantic Union Bankshares Corp Boosts Stock Holdings in Zscaler, Inc. $ZS

Atlantic Union Bankshares Corp lifted its position in Zscaler, Inc. (NASDAQ:ZS) by 1,638.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,448 shares of the company’s stock after acquiring an additional 7,962 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Zscaler were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC grew its position in shares of Zscaler by 145.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Root Financial Partners LLC purchased a new position in Zscaler during the third quarter worth approximately $26,000. McIlrath & Eck LLC acquired a new stake in Zscaler in the third quarter valued at approximately $29,000. Quaker Wealth Management LLC increased its position 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 buying an additional 194 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Zscaler by 81.9% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 131 shares of the company’s stock worth $39,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Down 6.3%

Shares of ZS opened at $188.05 on Wednesday. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $336.99. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $225.53 and a two-hundred day simple moving average of $269.57. The company has a market capitalization of $29.99 billion, a PE ratio of -723.24, a price-to-earnings-growth ratio of 3,297.16 and a beta of 1.02.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data 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 net margin of 1.45% and a negative return on equity of 0.12%. The firm had revenue of $788.11 million during the quarter, compared to analyst estimates of $773.86 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Zscaler’s quarterly revenue was up 25.5% on a year-over-year basis. 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, equities analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ZS. Citizens Jmp restated a “market outperform” rating and set a $355.00 price objective on shares of Zscaler in a research report on Wednesday, November 26th. Bank of America reduced their price target on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. KeyCorp lowered their price objective on Zscaler from $350.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Piper Sandler cut their price objective on Zscaler from $280.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, January 5th. Finally, Scotiabank lowered their price target on Zscaler from $334.00 to $320.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $317.63.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,349 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $232.79, for a total transaction of $546,823.71. Following the completion of the sale, the insider owned 74,653 shares of the company’s stock, valued at $17,378,471.87. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $656,221.26. Following the transaction, the chief executive officer owned 347,857 shares of the company’s stock, valued at approximately $80,292,352.74. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 19,350 shares of company stock worth $4,471,509. Insiders own 17.20% of the company’s stock.

Zscaler Company Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.