KBC Group NV Decreases Stake in Zscaler, Inc. $ZS

KBC Group NV reduced its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 78.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,314 shares of the company’s stock after selling 170,166 shares during the quarter. KBC Group NV’s holdings in Zscaler were worth $14,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ZS. Quaker Wealth Management LLC lifted its stake in Zscaler by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 194 shares during the period. Exane Asset Management lifted its position in Zscaler by 185.7% during the second quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Kozak & Associates Inc. bought a new position in Zscaler during the second quarter valued at approximately $35,000. SVB Wealth LLC purchased a new stake in Zscaler in the first quarter worth approximately $26,000. Finally, Ameritas Advisory Services LLC bought a new stake in Zscaler in the 2nd quarter worth approximately $41,000. 46.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Zscaler Trading Down 2.7%

Shares of NASDAQ:ZS opened at $308.60 on Friday. The stock has a 50 day moving average of $304.82 and a 200 day moving average of $287.36. The company has a market cap of $48.85 billion, a PE ratio of -1,142.96 and a beta of 1.06. Zscaler, Inc. has a 12-month low of $164.78 and a 12-month high of $336.99. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to analysts’ expectations of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. As a group, equities research analysts expect that Zscaler, Inc. will post -0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group raised their price target on Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. B. Riley began coverage on Zscaler in a report on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 target price on the stock. BMO Capital Markets boosted their price target on Zscaler from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Wall Street Zen cut shares of Zscaler from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Piper Sandler raised their price objective on shares of Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $312.39.

About Zscaler

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.