National Pension Service Sells 165,405 Shares of Zscaler, Inc. $ZS

Key Points

• National Pension Service sharply reduced its Zscaler stake by selling 165,405 shares, a 90.9% decrease, leaving it with 16,500 shares valued at approximately $2.33 million.
• Zscaler reported quarterly EPS of $1.19, beating estimates of $1.09, while revenue rose 24.9% year over year to $898.19 million, exceeding expectations.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $216.53 versus the stock’s cited price of $164.54.

National Pension Service lowered its stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 90.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,500 shares of the company's stock after selling 165,405 shares during the quarter. National Pension Service's holdings in Zscaler were worth $2,329,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Binnacle Investments Inc acquired a new position in shares of Zscaler during the 3rd quarter worth approximately $25,000. AlphaCentric Advisors LLC acquired a new stake in shares of Zscaler in the 4th quarter valued at approximately $29,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Zscaler in the fourth quarter valued at $30,000. Mcguire Capital Advisors Inc. acquired a new position in Zscaler during the fourth quarter worth $32,000. Finally, Strive Financial Group LLC bought a new stake in Zscaler during the fourth quarter worth $39,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Price Performance

Zscaler stock opened at $164.54 on Monday. The company's 50-day moving average price is $163.38 and its two-hundred day moving average price is $150.40. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. The stock has a market cap of $26.83 billion, a P/E ratio of -421.90, a P/E/G ratio of 20.42 and a beta of 0.95. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%.The company had revenue of $898.19 million during the quarter, compared to analysts' expectations of $876.96 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business's revenue was up 24.9% on a year-over-year basis. 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, analysts expect that Zscaler, Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on ZS shares. TD Cowen reissued a "buy" rating and issued a $200.00 price objective on shares of Zscaler in a research report on Friday, September 4th. Royal Bank Of Canada upped their target price on shares of Zscaler from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, September 4th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $225.00 target price on shares of Zscaler in a research note on Friday, September 4th. Scotiabank reiterated an "outperform" rating on shares of Zscaler in a report on Friday, September 4th. Finally, Wolfe Research reissued an "outperform" rating and set a $150.00 price target on shares of Zscaler in a research report on Thursday, June 11th. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $216.53.

Insider Transactions at Zscaler

In related news, insider Robert Schlossman sold 3,146 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the sale, the insider directly owned 69,366 shares in the company, valued at $8,769,943.38. The trade was a 4.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 503 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total value of $87,210.14. Following the transaction, the chief financial officer owned 40,895 shares in the company, valued at $7,090,375.10. The trade was a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 16,772 shares of company stock valued at $2,139,799. Company insiders own 17.20% of the company's stock.

About Zscaler

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.

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