Korea Investment CORP Sells 47,457 Shares of Zscaler, Inc. $ZS

Korea Investment CORP lessened its position in Zscaler, Inc. (NASDAQ:ZS) by 37.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,344 shares of the company’s stock after selling 47,457 shares during the period. Korea Investment CORP owned approximately 0.05% of Zscaler worth $24,909,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Parcion Private Wealth LLC grew its holdings in shares of Zscaler by 3.3% in the 2nd quarter. Parcion Private Wealth LLC now owns 1,200 shares of the company’s stock valued at $377,000 after buying an additional 38 shares during the period. Secure Asset Management LLC lifted its holdings in Zscaler by 1.8% during the second quarter. Secure Asset Management LLC now owns 2,436 shares of the company’s stock worth $765,000 after acquiring an additional 43 shares in the last quarter. Tlwm grew its stake in Zscaler by 1.0% in the second quarter. Tlwm now owns 4,649 shares of the company’s stock valued at $1,460,000 after acquiring an additional 44 shares during the period. STF Management LP grew its stake in Zscaler by 2.2% in the second quarter. STF Management LP now owns 2,273 shares of the company’s stock valued at $714,000 after acquiring an additional 48 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Zscaler by 2.0% in the second quarter. Coldstream Capital Management Inc. now owns 2,523 shares of the company’s stock worth $792,000 after acquiring an additional 50 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein lifted their price objective on Zscaler from $251.00 to $264.00 and gave the company an “outperform” rating in a report on Wednesday. BTIG Research restated a “buy” rating and set a $365.00 target price on shares of Zscaler in a report on Wednesday. Morgan Stanley upped their price target on shares of Zscaler from $320.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. JMP Securities reissued a “market outperform” rating and set a $355.00 price objective on shares of Zscaler in a research report on Wednesday, September 3rd. Finally, Zacks Research raised shares of Zscaler from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $316.56.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the transaction, the chief executive officer owned 350,700 shares of the company’s stock, valued at $98,441,490. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Schlossman sold 3,200 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $325.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider directly owned 80,086 shares of the company’s stock, valued at approximately $26,027,950. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 43,084 shares of company stock worth $12,446,825. Insiders own 18.10% of the company’s stock.

Zscaler Stock Performance

Shares of ZS opened at $251.28 on Friday. The stock has a market capitalization of $40.07 billion, a price-to-earnings ratio of -966.42 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 firm has a fifty day simple moving average of $303.63 and a 200 day simple moving average of $291.00. The company has a current ratio of 1.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.86.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The firm had revenue of $788.11 million for the quarter, compared to analyst estimates of $773.86 million. During the same period in the previous year, the business earned $0.77 EPS. The company’s revenue was up 25.5% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS. Q2 2026 guidance at 0.890-0.900 EPS. Research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Zscaler Profile

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.