OFI Invest Asset Management Purchases 87,344 Shares of Zscaler, Inc. $ZS

Key Points

• OFI Invest Asset Management boosted its stake in Zscaler by 1,559.4%, buying 87,344 shares to hold 92,945 shares (about 0.06% of the company), valued at roughly $20.9 million at quarter-end.
• Zscaler beat expectations with $1.01 EPS vs $0.89 estimate and $815.8M revenue (+25.9% YoY), and set Q3 FY26 EPS guidance of 1.000–1.010 and FY26 guidance of 3.990–4.020.
• Corporate insiders have been net sellers (12,130 shares sold in the past 90 days, including recent sales by the CFO and EVP) while institutional investors own 46.45% and analysts show a consensus Moderate Buy with an average target of $267.86.

OFI Invest Asset Management raised its position in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 1,559.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,945 shares of the company's stock after buying an additional 87,344 shares during the quarter. OFI Invest Asset Management owned about 0.06% of Zscaler worth $20,905,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ZS. Bessemer Group Inc. raised its holdings in Zscaler by 3.2% during the third quarter. Bessemer Group Inc. now owns 1,021 shares of the company's stock worth $306,000 after purchasing an additional 32 shares in the last quarter. Cox Capital Mgt LLC raised its holdings in Zscaler by 0.6% during the third quarter. Cox Capital Mgt LLC now owns 5,576 shares of the company's stock worth $1,671,000 after purchasing an additional 33 shares in the last quarter. Brookstone Capital Management raised its holdings in Zscaler by 3.7% during the third quarter. Brookstone Capital Management now owns 936 shares of the company's stock worth $280,000 after purchasing an additional 33 shares in the last quarter. Wedbush Securities Inc. raised its holdings in Zscaler by 0.7% during the third quarter. Wedbush Securities Inc. now owns 5,129 shares of the company's stock worth $1,537,000 after purchasing an additional 34 shares in the last quarter. Finally, Goldstream Capital Management Ltd raised its holdings in Zscaler by 0.3% during the third quarter. Goldstream Capital Management Ltd now owns 12,450 shares of the company's stock worth $3,731,000 after purchasing an additional 34 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Kevin Rubin sold 1,682 shares of the firm'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 transaction of $263,384.38. Following the sale, the chief financial officer owned 46,479 shares in the company, valued at approximately $7,278,146.61. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Raj Judge sold 2,488 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $389,595.92. Following the sale, the executive vice president owned 67,906 shares in the company, valued at approximately $10,633,400.54. This trade represents a 3.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 12,130 shares of company stock valued at $1,892,487. Corporate insiders own 17.20% of the company's stock.

Wall Street Analyst Weigh In

ZS has been the subject of several analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $280.00 price target on shares of Zscaler in a report on Tuesday, February 24th. Oppenheimer cut their price target on shares of Zscaler from $280.00 to $250.00 and set an "outperform" rating for the company in a report on Tuesday, March 10th. Loop Capital set a $320.00 price target on shares of Zscaler in a report on Thursday, December 11th. Truist Financial cut their price target on shares of Zscaler from $350.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, February 17th. Finally, TD Cowen lowered their target price on shares of Zscaler from $330.00 to $260.00 and set a "buy" rating on the stock in a research report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $267.86.

Zscaler Stock Down 3.0%

ZS stock opened at $137.85 on Thursday. The company's 50 day simple moving average is $158.85 and its 200-day simple moving average is $229.76. The firm has a market capitalization of $22.16 billion, a PE ratio of -328.21 and a beta of 1.12. Zscaler, Inc. has a 12 month low of $128.00 and a 12 month high of $336.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90.

Zscaler (NASDAQ:ZS - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The business had revenue of $815.75 million for the quarter, compared to analyst estimates of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The company's quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Equities analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Zscaler 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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