KBC Group NV Sells 28,117 Shares of Zscaler, Inc. $ZS

KBC Group NV cut its holdings in Zscaler, Inc. (NASDAQ:ZS) by 56.8% during the first quarter, Holdings Channel reports. The institutional investor owned 21,398 shares of the company’s stock after selling 28,117 shares during the quarter. KBC Group NV’s holdings in Zscaler were worth $3,002,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Zscaler by 1.4% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after acquiring an additional 36 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Zscaler by 10.9% during the third quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock valued at $119,000 after purchasing an additional 39 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Zscaler by 7.5% during the second quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock valued at $204,000 after purchasing an additional 45 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Zscaler by 3.8% during the fourth quarter. Yousif Capital Management LLC now owns 1,326 shares of the company’s stock valued at $274,000 after purchasing an additional 48 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Zscaler by 2.6% during the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $611,000 after purchasing an additional 52 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Trading Up 1.9%

Zscaler stock opened at $142.32 on Friday. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The company has a market cap of $23.01 billion, a P/E ratio of -296.49, a P/E/G ratio of 80.06 and a beta of 0.96. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The business has a 50-day simple moving average of $143.06 and a two-hundred day simple moving average of $156.85.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. The business had revenue of $850.48 million for the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Analysts predict that Zscaler, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on ZS. Zacks Research raised Zscaler from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Scotiabank cut their price objective on shares of Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, May 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Zscaler in a report on Wednesday, June 10th. JPMorgan Chase & Co. lowered their price objective on Zscaler from $250.00 to $205.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $179.00 target price on shares of Zscaler in a report on Wednesday, May 27th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $214.21.

Insider Buying and Selling

In related news, CFO Kevin Rubin sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $124.22, for a total value of $372,660.00. Following the completion of the sale, the chief financial officer directly owned 41,901 shares of the company’s stock, valued at approximately $5,204,942.22. This represents a 6.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Schlossman sold 3,146 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the sale, the insider owned 69,366 shares in the company, valued at approximately $8,769,943.38. The trade was a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 15,766 shares of company stock valued at $1,978,587 in the last 90 days. Corporate insiders own 17.20% of the company’s stock.

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.