3,800 Shares in Zscaler, Inc. $ZS Purchased by Allstate Corp

Allstate Corp bought a new stake in Zscaler, Inc. (NASDAQ:ZS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,800 shares of the company’s stock, valued at approximately $1,139,000.

Several other institutional investors also recently made changes to their positions in ZS. Integrated Wealth Concepts LLC lifted its holdings in shares of Zscaler by 19.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after purchasing an additional 239 shares during the last quarter. NewEdge Advisors LLC grew its stake in Zscaler by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock worth $972,000 after buying an additional 370 shares during the last quarter. Empowered Funds LLC increased its position in Zscaler by 9.2% in the first quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after buying an additional 238 shares during the period. Sivia Capital Partners LLC acquired a new stake in Zscaler in the second quarter worth $252,000. Finally, Farther Finance Advisors LLC lifted its stake in Zscaler by 17.4% in the second quarter. Farther Finance Advisors LLC now owns 1,045 shares of the company’s stock valued at $328,000 after buying an additional 155 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZS. Mizuho raised shares of Zscaler from a “neutral” rating to an “outperform” rating and set a $310.00 price objective on the stock in a report on Tuesday, December 16th. Berenberg Bank dropped their price target on shares of Zscaler from $400.00 to $390.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Morgan Stanley set a $305.00 price objective on Zscaler in a research report on Thursday, December 18th. Needham & Company LLC lowered 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. Finally, JPMorgan Chase & Co. lifted their target price on Zscaler from $351.00 to $354.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $317.63.

Insider Transactions at Zscaler

In other news, CFO Kevin Rubin sold 3,303 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $762,398.46. Following the completion of the sale, the chief financial officer directly owned 48,161 shares of the company’s stock, valued at $11,116,522.02. This represents a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Geller sold 1,620 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $232.79, for a total transaction of $377,119.80. Following the sale, the insider owned 50,528 shares of the company’s stock, valued at approximately $11,762,413.12. This represents a 3.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 22,550 shares of company stock worth $5,511,509. 17.20% of the stock is currently owned by company insiders.

Zscaler Price Performance

NASDAQ ZS opened at $208.66 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $336.99. The company has a market cap of $33.28 billion, a PE ratio of -802.51, a PEG ratio of 3,391.00 and a beta of 1.02. The stock’s 50-day moving average price is $240.68 and its two-hundred day moving average price is $275.50.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $0.96 EPS for the quarter, topping 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 last year, the business posted $0.77 EPS. The company’s 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. On average, analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

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.