Korea Investment CORP Sells 47,457 Shares of Zscaler, Inc. $ZS

Korea Investment CORP reduced its position in Zscaler, Inc. (NASDAQ:ZS) by 37.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 79,344 shares of the company’s stock after selling 47,457 shares during the period. Korea Investment CORP’s holdings in Zscaler were worth $24,909,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in Zscaler in the first quarter valued at approximately $26,000. N.E.W. Advisory Services LLC acquired a new position in shares of Zscaler during the 1st quarter worth approximately $29,000. Quaker Wealth Management LLC increased its holdings in shares of Zscaler by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 194 shares during the last quarter. Exane Asset Management raised its stake in Zscaler by 185.7% in the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in Zscaler during the 1st quarter valued at $34,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the completion of the sale, the executive vice president owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the sale, the chief executive officer owned 350,700 shares in the company, valued at $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is owned by insiders.

Zscaler Stock Performance

Shares of NASDAQ:ZS opened at $251.28 on Friday. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $336.99. The company’s 50 day moving average price is $303.63 and its two-hundred day moving average price is $291.00. The firm has a market cap of $40.07 billion, a PE ratio of -966.42 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 1.82 and a debt-to-equity ratio of 0.86.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 0.12% and a negative net margin of 1.45%.The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS. Q2 2026 guidance at 0.890-0.900 EPS. Equities research analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

ZS has been the subject of a number of research analyst reports. Bank of America reduced their price objective on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Zscaler from $351.00 to $354.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Research upgraded shares of Zscaler from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada raised their price objective on shares of Zscaler from $350.00 to $366.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Finally, BMO Capital Markets boosted their price objective on Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $316.56.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.