Spear Advisors LLC Invests $3.46 Million in Zscaler, Inc. $ZS

Spear Advisors LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,382 shares of the company’s stock, valued at approximately $3,460,000. Zscaler comprises about 2.4% of Spear Advisors LLC’s holdings, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Zscaler by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock valued at $2,569,357,000 after purchasing an additional 55,521 shares during the period. Groupama Asset Managment boosted its holdings in shares of Zscaler by 76,352.6% in the third quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock valued at $1,423,385,000 after acquiring an additional 4,743,787 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Zscaler by 15.9% in the fourth quarter. First Trust Advisors LP now owns 2,582,897 shares of the company’s stock valued at $580,945,000 after acquiring an additional 354,763 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Zscaler by 43.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock valued at $578,576,000 after acquiring an additional 777,414 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Zscaler by 3.4% in the fourth quarter. State Street Corp now owns 2,337,604 shares of the company’s stock valued at $525,774,000 after acquiring an additional 77,800 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Down 0.5%

Shares of Zscaler stock opened at $174.45 on Thursday. The company has a fifty day moving average price of $143.66 and a 200 day moving average price of $196.87. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The stock has a market cap of $28.05 billion, a price-to-earnings ratio of -415.36 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The business’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Equities research analysts forecast that Zscaler, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jagtar Singh Chaudhry sold 1,941 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $303,941.19. Following the transaction, the chief executive officer directly owned 345,916 shares in the company, valued at approximately $54,166,986.44. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Raj Judge sold 2,488 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $389,595.92. Following the completion of the transaction, the executive vice president owned 67,906 shares in the company, valued at approximately $10,633,400.54. The trade was a 3.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,130 shares of company stock worth $1,892,487 over the last ninety days. Insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ZS shares. Needham & Company LLC lowered their target price on shares of Zscaler from $310.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Wells Fargo & Company raised shares of Zscaler from an “overweight” rating to an “overweight” rating in a report on Monday. BMO Capital Markets decreased their price objective on shares of Zscaler from $315.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Stephens decreased their price objective on shares of Zscaler from $340.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, Mizuho decreased their price objective on shares of Zscaler from $265.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.26.

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.