Brighton Jones LLC Has $1.91 Million Position in Zscaler, Inc. $ZS

Brighton Jones LLC boosted its stake in shares of Zscaler, Inc. (NASDAQ:ZS) by 109.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,385 shares of the company’s stock after purchasing an additional 3,339 shares during the quarter. Brighton Jones LLC’s holdings in Zscaler were worth $1,913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Zscaler by 8.3% in the second quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock valued at $3,363,909,000 after purchasing an additional 824,626 shares during the period. Geode Capital Management LLC grew its stake in Zscaler by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,329 shares of the company’s stock valued at $584,160,000 after buying an additional 105,318 shares during the last quarter. AQR Capital Management LLC raised its holdings in Zscaler by 0.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,199,815 shares of the company’s stock worth $371,823,000 after acquiring an additional 7,885 shares during the period. Federated Hermes Inc. lifted its position in Zscaler by 314.0% during the 2nd quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock worth $367,932,000 after acquiring an additional 888,888 shares during the last quarter. Finally, DnB Asset Management AS lifted its position in Zscaler by 12.1% during the 1st quarter. DnB Asset Management AS now owns 748,376 shares of the company’s stock worth $148,493,000 after acquiring an additional 80,993 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Price Performance

Zscaler stock opened at $232.05 on Tuesday. The business has a 50 day simple moving average of $283.57 and a 200 day simple moving average of $288.66. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market capitalization of $37.01 billion, a PE ratio of -892.47, a price-to-earnings-growth ratio of 4,459.13 and a beta of 1.07. Zscaler, Inc. has a one year low of $164.78 and a one year high of $336.99.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Berenberg Bank lowered their price target on Zscaler from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. BTIG Research restated a “buy” rating and set a $365.00 target price on shares of Zscaler in a research note on Wednesday, November 26th. Morgan Stanley set a $305.00 price target on Zscaler in a research report on Thursday. Needham & Company LLC cut their price target on Zscaler from $350.00 to $310.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Mizuho upgraded shares of Zscaler from a “neutral” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $322.66.

Insiders Place Their Bets

In related news, EVP Raj Judge sold 3,438 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $793,559.16. Following the sale, the executive vice president directly owned 70,394 shares in the company, valued at $16,248,343.08. This represents a 4.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Schlossman sold 7,006 shares of Zscaler stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total value of $2,140,823.42. Following the completion of the transaction, the insider owned 76,132 shares of the company’s stock, valued at approximately $23,263,655.24. The trade was a 8.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 28,903 shares of company stock worth $7,504,284 over the last ninety days. 17.20% of the stock is owned by insiders.

Zscaler 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.