Munich Reinsurance Co Stock Corp in Munich Purchases 16,801 Shares of Zscaler, Inc. $ZS

Key Points

• Munich Reinsurance boosted its stake in Zscaler by 246.1% in Q4, buying 16,801 shares to hold 23,627 shares valued at about $5.37 million at quarter-end.
• Zscaler beat Q4 estimates, reporting $1.01 EPS vs. $0.89 expected and $815.75 million in revenue (up 25.9% year-over-year), and issued Q3 and FY 2026 EPS guidance (Q3: 1.000–1.010; FY: 3.990–4.020).
• Several brokers cut price targets recently, but consensus remains a “Moderate Buy” with a $265.58 price target while shares trade around $135.50, implying substantial analyst-implied upside.

Munich Reinsurance Co Stock Corp in Munich raised its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 246.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,627 shares of the company's stock after acquiring an additional 16,801 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich's holdings in Zscaler were worth $5,373,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Binnacle Investments Inc bought a new stake in Zscaler during the 3rd quarter valued at approximately $25,000. Tradewinds Capital Management LLC boosted 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 acquiring an additional 51 shares in the last quarter. Root Financial Partners LLC bought a new stake in Zscaler during the 3rd quarter valued at approximately $26,000. McIlrath & Eck LLC bought a new stake in Zscaler during the 3rd quarter valued at approximately $29,000. Finally, Picton Mahoney Asset Management bought a new stake in Zscaler during the 3rd quarter valued at approximately $30,000. 46.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ZS. Citigroup dropped their price target on Zscaler from $305.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday, March 2nd. Citizens Jmp dropped their price target on Zscaler from $355.00 to $290.00 and set a "market outperform" rating on the stock in a research report on Friday, February 27th. The Goldman Sachs Group dropped their price target on Zscaler from $290.00 to $257.00 and set a "neutral" rating on the stock in a research report on Monday, March 2nd. Mizuho dropped their price target on Zscaler from $265.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $280.00 price target on shares of Zscaler in a research report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Zscaler has a consensus rating of "Moderate Buy" and a consensus price target of $265.58.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $135.50 on Friday. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The firm has a market cap of $21.79 billion, a P/E ratio of -322.62 and a beta of 1.12. The company has a 50 day moving average of $146.75 and a 200 day moving average of $216.40. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, topping 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 company 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 firm's revenue for the quarter 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. As a group, research analysts expect that Zscaler, Inc. will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Raj Judge sold 2,488 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $389,595.92. Following the completion of the transaction, the executive vice president directly owned 67,906 shares in the company, valued at $10,633,400.54. The trade was a 3.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Rubin sold 1,682 shares of the business's stock in a transaction 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 owned 46,479 shares of the company's stock, valued at approximately $7,278,146.61. This represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,130 shares of company stock worth $1,892,487 over the last 90 days. 17.20% of the stock is currently owned by company insiders.

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.

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