Zscaler, Inc. $ZS Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its position in Zscaler, Inc. (NASDAQ:ZS) by 89.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,351 shares of the company’s stock after selling 10,985 shares during the period. Stephens Inc. AR’s holdings in Zscaler were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Westpac Banking Corp increased its holdings in shares of Zscaler by 919.0% in the third quarter. Westpac Banking Corp now owns 9,986 shares of the company’s stock valued at $2,992,000 after buying an additional 9,006 shares in the last quarter. Korea Investment CORP increased its holdings in shares of Zscaler by 24.0% in the third quarter. Korea Investment CORP now owns 98,370 shares of the company’s stock valued at $29,478,000 after buying an additional 19,026 shares in the last quarter. Vinva Investment Management Ltd increased its holdings in shares of Zscaler by 136.1% in the third quarter. Vinva Investment Management Ltd now owns 11,347 shares of the company’s stock valued at $3,400,000 after buying an additional 6,541 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Zscaler by 43.1% in the third quarter. Handelsbanken Fonder AB now owns 55,907 shares of the company’s stock valued at $16,753,000 after buying an additional 16,839 shares in the last quarter. Finally, Oxbow Advisors LLC bought a new position in shares of Zscaler in the fourth quarter valued at $2,939,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Analysts are increasingly constructive on Zscaler ahead of earnings, with commentary pointing to strong AI security demand, Zero Trust growth, and adoption of Z-Flex as potential tailwinds for Q3 results. Zscaler’s Q3 Earnings Countdown: Buy, Hold or Sell the Stock?
• Positive Sentiment: Jefferies reportedly expects Zscaler to beat annual recurring revenue growth expectations, suggesting federal demand and broader cybersecurity spending could support a strong fiscal third quarter and outlook. Zscaler set to benefit from federal tailwinds boosting fourth quarter outlook: analysts
• Positive Sentiment: Zscaler announced the intent to acquire Symmetry Systems, a move aimed at strengthening AI agent security, identity mapping, and data access governance across enterprise systems. Zscaler to Acquire Symmetry Systems, Combining Zero Trust and Access Graph Technology to Map and Secure AI Agent Communication
• Positive Sentiment: Several reports say Zscaler’s setup looks favorable into next week’s earnings, and B. Riley also upgraded the stock to buy, reinforcing the bullish sentiment around the name. Zscaler Setup Looks Positive Into Upcoming Earnings, UBS Says
• Neutral Sentiment: Zscaler also announced upcoming investor conference presentations, which typically keep attention on the stock but do not by themselves change the fundamentals. Zscaler to Present at Upcoming Investor Conferences
• Neutral Sentiment: Some coverage noted the stock had been weak in the prior session and remains below its 52-week high, but that appears to be overshadowed by the latest bullish earnings and AI-security headlines. Zscaler (ZS) Stock Drops Despite Market Gains: Important Facts to Note

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $182.37 on Friday. The company’s fifty day moving average is $144.52 and its two-hundred day moving average is $195.65. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The company has a market cap of $29.32 billion, a P/E ratio of -434.21 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The company had revenue of $815.75 million for the quarter, compared to the consensus estimate of $798.92 million. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 25.9% on a year-over-year basis. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Equities analysts expect that Zscaler, Inc. will post -0.03 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other news, CFO Kevin Rubin sold 1,682 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total transaction of $263,384.38. Following the transaction, the chief financial officer directly owned 46,479 shares in the company, valued at $7,278,146.61. The trade was a 3.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Raj Judge sold 2,488 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total transaction of $389,595.92. Following the transaction, the executive vice president owned 67,906 shares in the company, valued at approximately $10,633,400.54. This represents a 3.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 12,130 shares of company stock worth $1,892,487. Insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the topic of several research reports. BMO Capital Markets dropped their price target on Zscaler from $315.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. KeyCorp upped their price target on Zscaler from $160.00 to $190.00 and gave the company an “overweight” rating in a report on Monday. Rosenblatt Securities cut their target price on shares of Zscaler from $250.00 to $223.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Citigroup downgraded shares of Zscaler from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, Barclays set a $220.00 target price on shares of Zscaler in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $261.26.

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.