Danske Bank A S Acquires 10,588 Shares of Zscaler, Inc. $ZS

Key Points

• Danske Bank A/S boosted its stake in Zscaler by 23.9%, buying 10,588 shares to hold 54,859 shares worth about $12.34 million at quarter-end.
• Zscaler beat Q4 expectations with EPS of $1.01 vs. $0.89 and revenue of $815.75M (+25.9% YoY), and set FY2026 EPS guidance of 3.990–4.020 while analysts maintain a "Moderate Buy" consensus and $263.46 target.
• Insider selling has occurred recently — CFO Kevin Rubin sold 1,682 shares at about $156.59 and insiders sold 12,130 shares (~$1.89M) over the past three months; insiders now own 17.20% of the stock.

Danske Bank A S boosted its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,859 shares of the company's stock after acquiring an additional 10,588 shares during the quarter. Danske Bank A S's holdings in Zscaler were worth $12,339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ZS. Binnacle Investments Inc bought a new stake in Zscaler in the third quarter valued at about $25,000. Root Financial Partners LLC bought a new stake in Zscaler in the third quarter valued at about $26,000. McIlrath & Eck LLC bought a new stake in Zscaler in the third quarter valued at about $29,000. Picton Mahoney Asset Management bought a new stake in Zscaler in the third quarter valued at about $30,000. Finally, Family CFO Inc bought a new stake in Zscaler in the fourth quarter valued at about $34,000. Institutional investors own 46.45% of the company's stock.

Insider Buying and Selling at Zscaler

In other news, CFO Kevin Rubin sold 1,682 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total transaction of $263,384.38. Following the sale, the chief financial officer directly owned 46,479 shares of the company's stock, valued at $7,278,146.61. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James A. Beer sold 177 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total transaction of $27,174.81. Following the sale, the director directly owned 4,384 shares in the company, valued at $673,075.52. This trade represents a 3.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,130 shares of company stock valued at $1,892,487 over the last three months. Insiders own 17.20% of the company's stock.

Zscaler Stock Performance

NASDAQ ZS opened at $139.81 on Monday. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of -332.88 and a beta of 0.96. The company has a 50 day moving average of $143.64 and a 200-day moving average of $210.21. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. During the same quarter last year, the business posted $0.78 earnings per share. The company's revenue was up 25.9% on a year-over-year basis. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, equities analysts forecast that Zscaler, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

ZS has been the topic of a number of analyst reports. Stephens lowered their target price on shares of Zscaler from $340.00 to $225.00 and set an "overweight" rating on the stock in a research note on Monday, February 23rd. Wells Fargo & Company initiated coverage on shares of Zscaler in a research note on Tuesday, March 3rd. They issued an "overweight" rating and a $200.00 target price on the stock. Citizens Jmp dropped their price objective on shares of Zscaler from $290.00 to $210.00 and set a "market outperform" rating for the company in a report on Friday. Mizuho dropped their price objective on shares of Zscaler from $265.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, February 27th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of Zscaler in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $263.46.

Zscaler Company 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.

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