Empowered Funds LLC Sells 34,068 Shares of Zscaler, Inc. $ZS

Empowered Funds LLC reduced its position in Zscaler, Inc. (NASDAQ:ZS) by 91.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,045 shares of the company’s stock after selling 34,068 shares during the period. Empowered Funds LLC’s holdings in Zscaler were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Quantinno Capital Management LP increased its position in Zscaler by 53.0% during the first quarter. Quantinno Capital Management LP now owns 50,248 shares of the company’s stock valued at $7,049,000 after acquiring an additional 17,400 shares during the last quarter. Saba Capital Management L.P. purchased a new position in Zscaler in the first quarter worth about $1,264,000. Westport Asset Management Inc. bought a new stake in shares of Zscaler during the 1st quarter valued at about $631,000. OMERS ADMINISTRATION Corp increased its position in shares of Zscaler by 27.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 4,784 shares of the company’s stock valued at $671,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Entropy Technologies LP increased its position in shares of Zscaler by 435.2% during the 1st quarter. Entropy Technologies LP now owns 11,877 shares of the company’s stock valued at $1,666,000 after purchasing an additional 9,658 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Wall Street Analysts Forecast Growth

ZS has been the topic of a number of research reports. Scotiabank dropped their price objective on shares of Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 27th. KeyCorp upped their target price on shares of Zscaler from $176.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $179.00 price target on shares of Zscaler in a research report on Wednesday, May 27th. Wedbush reiterated an “outperform” rating and set a $220.00 price target on shares of Zscaler in a research note on Wednesday, June 10th. Finally, B. Riley Financial cut their price objective on shares of Zscaler from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and an average price target of $214.21.

Zscaler Trading Up 1.1%

Shares of NASDAQ:ZS opened at $178.55 on Wednesday. The stock has a 50 day moving average of $142.61 and a 200 day moving average of $151.65. The company has a market cap of $28.87 billion, a PE ratio of -371.97, a price-to-earnings-growth ratio of 63.59 and a beta of 0.94. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. During the same quarter last year, the business earned $0.84 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, equities research analysts expect that Zscaler, Inc. will post 0.12 EPS for the current year.

Insider Activity

In related news, CEO Jagtar Singh Chaudhry sold 2,878 shares of Zscaler stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the transaction, the chief executive officer owned 343,038 shares in the company, valued at approximately $43,370,294.34. The trade was a 0.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the sale, the insider owned 69,366 shares of the company’s stock, valued at $8,769,943.38. The trade was a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 16,269 shares of company stock valued at $2,052,589. 17.20% of the stock is currently owned by company insiders.

About Zscaler

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.