Saudi Central Bank Purchases 3,490 Shares of Zscaler, Inc. $ZS

Saudi Central Bank raised its position in Zscaler, Inc. (NASDAQ:ZS) by 91.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,316 shares of the company’s stock after acquiring an additional 3,490 shares during the period. Saudi Central Bank’s holdings in Zscaler were worth $1,033,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ZS. Integrated Wealth Concepts LLC grew its holdings in shares of Zscaler by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after purchasing an additional 239 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Zscaler by 8.2% in the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after purchasing an additional 370 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Zscaler by 9.2% in the first quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock valued at $558,000 after purchasing an additional 238 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Zscaler in the second quarter worth $252,000. Finally, Jump Financial LLC bought a new position in Zscaler in the second quarter worth $3,019,000. Institutional investors own 46.45% of the company’s stock.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Strong fourth-quarter performance: Zscaler reported fiscal Q4 revenue of approximately $898.2 million, up 25% year over year and above expectations. Annual recurring revenue reached $3.771 billion, also up 25%, while adjusted EPS exceeded consensus estimates. Zscaler Q4 2026 Earnings Call Transcript
• Positive Sentiment: AI security product launch: Zscaler introduced Agentic SOC, which combines its zero-trust telemetry with specialized AI agents to detect, investigate and respond to threats at machine speed. The platform uses models from OpenAI and Anthropic, strengthening Zscaler’s positioning in automated enterprise security. Zscaler launches Agentic SOC
• Positive Sentiment: Customer adoption indicators remain favorable: Z-Flex generated more than $1.7 billion in fiscal 2026 total contract value and helped lift customer ARR nearly 30%, suggesting flexible contracting may broaden adoption of Zscaler’s platform. Zscaler Z-Flex analysis
• Neutral Sentiment: Industry AI-security enthusiasm: Cloudflare’s separate OpenAI security partnership sparked broad interest in AI-related cybersecurity stocks, providing a favorable backdrop for Zscaler even though the partnership does not directly involve Zscaler. Cloudflare OpenAI security partnership
• Negative Sentiment: Growth and profitability concerns: Analysts have pointed to decelerating revenue and ARR growth, increased capital spending and weaker cash-flow margins. A planned workforce reduction may improve efficiency but also signals that management is taking steps to control costs amid a more challenging growth outlook. Zscaler stock outlook analysis

Zscaler Stock Up 2.6%

Shares of NASDAQ ZS opened at $166.10 on Thursday. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The business has a fifty day moving average of $162.71 and a two-hundred day moving average of $150.23. The stock has a market cap of $27.08 billion, a PE ratio of -425.90, a PEG ratio of 61.32 and a beta of 0.95.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million for the quarter, compared to analyst estimates of $876.96 million. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, equities research analysts expect that Zscaler, Inc. will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ZS. Truist Financial set a $210.00 price target on shares of Zscaler in a report on Wednesday, May 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $225.00 target price on shares of Zscaler in a research report on Friday, September 4th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Zscaler in a research note on Friday, September 4th. Morgan Stanley increased their price target on shares of Zscaler from $145.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, September 4th. Finally, Wolfe Research restated an “outperform” rating and set a $150.00 price target on shares of Zscaler in a research note on Thursday, June 11th. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $216.65.

Insider Activity

In other news, insider Adam Geller sold 2,817 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20. Following the completion of the sale, the insider owned 42,314 shares of the company’s stock, valued at approximately $5,187,696.40. This trade represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jagtar Chaudhry sold 2,878 shares of Zscaler stock in a transaction that occurred on 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 transaction, the chief executive officer owned 343,038 shares of the company’s stock, valued at $43,370,294.34. This trade represents a 0.83% 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 16,772 shares of company stock valued at $2,139,799 over the last three months. 17.20% of the stock is owned by corporate insiders.

Zscaler Profile

Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.