Clare Market Investments LLC significantly increased its stake in Zscaler, Inc. (NASDAQ:ZS) by 61.6% in the third quarter, bringing its total holding to 34,528 shares valued at $10.35 million. While Zscaler beat Q2 earnings and revenue estimates and is pushing AI initiatives, wider GAAP losses, increased spending, and mixed forward guidance have led to recent stock pressure and analyst price-target cuts. Various other institutional investors also adjusted their positions in Zscaler during the same period.
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Clare Market Investments LLC Has $10.35 Million Stake in Zscaler, Inc. $ZS
Clare Market Investments LLC significantly increased its stake in Zscaler, Inc. (NASDAQ:ZS) by 61.6% in the third quarter, bringing its total holding to 34,528 shares valued at $10.35 million. While Zscaler beat Q2 earnings and revenue estimates and is pushing AI initiatives, wider GAAP losses, increased spending, and mixed forward guidance have led to recent stock pressure and analyst price-target cuts. Various other institutional investors also adjusted their positions in Zscaler during the same period.