Korea Investment CORP Raises Position in Zscaler, Inc. $ZS

Korea Investment CORP lifted its stake in Zscaler, Inc. (NASDAQ:ZS) by 24.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,370 shares of the company’s stock after buying an additional 19,026 shares during the period. Korea Investment CORP owned approximately 0.06% of Zscaler worth $29,478,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC raised its position in Zscaler by 145.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Zscaler in the 3rd quarter worth approximately $26,000. McIlrath & Eck LLC purchased a new position in shares of Zscaler during the third quarter valued at approximately $29,000. Picton Mahoney Asset Management bought a new position in shares of Zscaler during the third quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Zscaler by 81.9% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 131 shares of the company’s stock valued at $39,000 after acquiring an additional 59 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Zscaler

In related news, insider Adam Geller sold 2,060 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total value of $475,489.20. Following the completion of the transaction, the insider owned 52,148 shares of the company’s stock, valued at approximately $12,036,801.36. This represents a 3.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $656,221.26. Following the completion of the sale, the chief executive officer owned 347,857 shares of the company’s stock, valued at $80,292,352.74. The trade was a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 19,350 shares of company stock valued at $4,471,509. Company insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

ZS has been the subject of several research analyst reports. Citigroup dropped their target price on shares of Zscaler from $305.00 to $195.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. UBS Group reduced their price target on shares of Zscaler from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Needham & Company LLC decreased their price target on shares of Zscaler from $310.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Morgan Stanley lowered their price objective on shares of Zscaler from $305.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. cut their price objective on Zscaler from $354.00 to $267.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and an average target price of $267.92.

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $162.62 on Tuesday. The firm’s 50-day moving average price is $190.32 and its 200-day moving average price is $250.01. Zscaler, Inc. has a 52-week low of $140.56 and a 52-week high of $336.99. The company has a market cap of $26.15 billion, a PE ratio of -387.19 and a beta of 1.07. 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 (NASDAQ:ZS) last announced its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. During the same period in the previous year, the business earned $0.78 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

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.