Keybank National Association OH Sells 90,079 Shares of Zscaler, Inc. $ZS

Keybank National Association OH decreased its position in Zscaler, Inc. (NASDAQ:ZS) by 53.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,648 shares of the company’s stock after selling 90,079 shares during the period. Keybank National Association OH’s holdings in Zscaler were worth $11,174,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ZS. WD Rutherford LLC acquired a new position in shares of Zscaler in the 1st quarter valued at about $682,000. USS Investment Management Ltd grew its stake in Zscaler by 5.5% during the first quarter. USS Investment Management Ltd now owns 19,127 shares of the company’s stock worth $2,683,000 after purchasing an additional 993 shares during the period. GraniteShares Advisors LLC grew its stake in Zscaler by 15.7% during the first quarter. GraniteShares Advisors LLC now owns 3,096 shares of the company’s stock worth $434,000 after purchasing an additional 421 shares during the period. SJS Investment Consulting Inc. increased its holdings in Zscaler by 1,520.0% in the first quarter. SJS Investment Consulting Inc. now owns 324 shares of the company’s stock worth $45,000 after purchasing an additional 304 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in Zscaler by 44.7% in the first quarter. Inspire Investing LLC now owns 2,966 shares of the company’s stock worth $416,000 after purchasing an additional 916 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

Zscaler Stock Performance

Shares of Zscaler stock opened at $147.33 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99. The stock has a 50 day moving average price of $142.26 and a two-hundred day moving average price of $165.51. The stock has a market capitalization of $23.82 billion, a PE ratio of -306.93, a price-to-earnings-growth ratio of 92.12 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same period in the prior year, the firm earned $0.84 earnings per share. Zscaler’s revenue for the quarter was up 25.4% on a year-over-year basis. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, equities analysts anticipate that Zscaler, Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on ZS. Citizens Jmp cut their price target on Zscaler from $290.00 to $210.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. Sanford C. Bernstein lowered their price objective on shares of Zscaler from $228.00 to $224.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Stephens reiterated an “overweight” rating and set a $200.00 target price on shares of Zscaler in a research report on Friday, June 12th. KeyCorp cut their target price on shares of Zscaler from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Thursday, June 25th. Finally, BTIG Research restated a “neutral” rating on shares of Zscaler in a report on Thursday, April 9th. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $213.97.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the sale, the chief executive officer directly owned 343,038 shares of the company’s stock, valued at $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the completion of the sale, the insider owned 69,366 shares in the company, valued at $8,769,943.38. This represents 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 a total of 15,644 shares of company stock valued at $1,960,287 over the last ninety days. 17.20% of the stock is currently owned by corporate insiders.

Zscaler 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.