OVERSEA CHINESE BANKING Corp Ltd Invests $936,000 in Zscaler, Inc. $ZS

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Zscaler, Inc. (NASDAQ:ZS) during the second quarter, Holdings Channel reports. The firm purchased 7,080 shares of the company’s stock, valued at approximately $936,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZS. Integrated Wealth Concepts LLC increased its holdings in Zscaler by 19.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock valued at $285,000 after buying an additional 239 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of 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 acquiring an additional 370 shares during the period. Empowered Funds LLC boosted its position in shares of Zscaler by 9.2% during the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after acquiring an additional 238 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Zscaler during the 2nd quarter worth approximately $252,000. Finally, Jump Financial LLC bought a new position in Zscaler in the second quarter valued at approximately $3,019,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. HC Wainwright upgraded shares of Zscaler from a “buy” rating to a “buy” rating in a research report on Monday, May 18th. Berenberg Bank set a $200.00 target price on Zscaler in a report on Thursday, May 28th. B. Riley Financial decreased their price target on Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Zscaler in a report on Tuesday, June 9th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $225.00 price objective on shares of Zscaler in a research report on Wednesday. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $215.36.

Zscaler Price Performance

ZS stock opened at $181.74 on Friday. The company has a 50 day simple moving average of $151.10 and a 200 day simple moving average of $150.54. The stock has a market cap of $29.39 billion, a price-to-earnings ratio of -378.62, a P/E/G ratio of 68.66 and a beta of 0.94. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Research analysts anticipate that Zscaler, Inc. will post 0.12 EPS for the current fiscal year.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: KeyBanc raised its price target to $210 from a lower prior target, citing what it views as a valuation discount and potential for the cybersecurity company to regain investor confidence. KeyBanc upgrades Zscaler price target
• Positive Sentiment: Additional bullish analyst actions supported the stock. Mizuho lifted its price target to $210, Stifel Nicolaus raised its target to $200, and Cantor Fitzgerald assigned Zscaler an “Overweight” rating. The actions suggest Wall Street sees upside despite the stock’s sharp decline from its 52-week high. Mizuho raises Zscaler price target Stifel raises Zscaler price target Cantor Fitzgerald rates Zscaler Overweight
• Positive Sentiment: Rising AI-driven cyber threats reinforce demand for Zscaler’s platform. NTT DATA CEO Abhijit Dubey said frontier AI is making attacks more sophisticated, expanding the attack surface, and accelerating attacks to machine speed—an industry trend that could increase demand for cloud-based zero-trust security. AI and cybersecurity threats
• Positive Sentiment: Zscaler’s expanded Carahsoft partnership targets U.S. small and midsize businesses with standardized bundles, simpler pricing, and broader partner enablement. The initiative could diversify Zscaler’s customer base and create an additional growth channel beyond large enterprises. Zscaler and Carahsoft SMB partnership
• Negative Sentiment: AI-lab IPO speculation remains a risk to sentiment. Reports that Anthropic may pursue a massive public offering renewed concerns that investors could redirect capital from enterprise software stocks toward AI companies, contributing to recent pressure on Zscaler. Zscaler and AI IPO concerns

Insider Activity at Zscaler

In other news, insider Adam Geller sold 2,817 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total value of $345,364.20. Following the completion of the transaction, the insider directly owned 42,314 shares in the company, valued at approximately $5,187,696.40. This represents a 6.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $363,865.54. Following the sale, the chief executive officer directly owned 343,038 shares in the company, valued at approximately $43,370,294.34. This trade represents a 0.83% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 16,269 shares of company stock valued at $2,052,589 over the last three months. 17.20% of the stock is currently owned by corporate insiders.

About Zscaler

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.