ING Groep NV Sells 3,479 Shares of Zscaler, Inc. $ZS

ING Groep NV trimmed its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 75.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,156 shares of the company’s stock after selling 3,479 shares during the period. ING Groep NV’s holdings in Zscaler were worth $346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. increased its stake in Zscaler by 314.0% in the second quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock valued at $367,932,000 after acquiring an additional 888,888 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Zscaler by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock valued at $3,363,909,000 after purchasing an additional 824,626 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Zscaler by 167.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 421,393 shares of the company’s stock worth $132,250,000 after buying an additional 263,982 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Zscaler by 131.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 461,800 shares of the company’s stock worth $144,977,000 after buying an additional 262,200 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in shares of Zscaler by 113.5% during the 2nd quarter. Jefferies Financial Group Inc. now owns 24,000 shares of the company’s stock worth $7,535,000 after buying an additional 201,267 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Raj Judge sold 3,438 shares of Zscaler stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $793,559.16. Following the transaction, the executive vice president directly owned 70,394 shares of the company’s stock, valued at $16,248,343.08. The trade was a 4.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were 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 in the company, valued at $80,292,352.74. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 19,350 shares of company stock valued at $4,471,509. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $365.00 target price on shares of Zscaler in a research report on Wednesday, November 26th. Stifel Nicolaus decreased their price target on shares of Zscaler from $330.00 to $320.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Loop Capital set a $320.00 price objective on shares of Zscaler in a research note on Thursday, December 11th. Cantor Fitzgerald restated an “overweight” rating on shares of Zscaler in a research report on Monday, February 9th. Finally, Wedbush boosted their target price on shares of Zscaler from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $315.63.

Zscaler Trading Up 4.0%

Shares of NASDAQ ZS opened at $177.72 on Friday. The firm has a 50 day moving average price of $213.90 and a two-hundred day moving average price of $263.35. The stock has a market cap of $28.34 billion, a P/E ratio of -683.51, a price-to-earnings-growth ratio of 362.29 and a beta of 1.02. Zscaler, Inc. has a 52-week low of $162.87 and a 52-week high of $336.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.11. The company had revenue of $788.11 million for the quarter, compared to analysts’ expectations of $773.86 million. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. Zscaler’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS and its Q2 2026 guidance at 0.890-0.900 EPS. As a group, equities analysts forecast 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.