Groupama Asset Managment Purchases 4,743,787 Shares of Zscaler, Inc. $ZS

Groupama Asset Managment lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 76,352.6% in the third quarter, Holdings Channel reports. The institutional investor owned 4,750,000 shares of the company’s stock after acquiring an additional 4,743,787 shares during the period. Zscaler makes up about 5.1% of Groupama Asset Managment’s portfolio, making the stock its 4th largest position. Groupama Asset Managment’s holdings in Zscaler were worth $1,423,385,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Investment Research Partners LLC acquired a new position in shares of Zscaler in the third quarter valued at about $279,000. CIBC Bancorp USA Inc. bought a new position in Zscaler during the third quarter worth about $2,796,000. Alpine Global Management LLC acquired a new stake in Zscaler in the 3rd quarter worth about $352,000. Ariadne Wealth Management LP raised its stake in Zscaler by 42.1% in the 3rd quarter. Ariadne Wealth Management LP now owns 1,249 shares of the company’s stock worth $385,000 after purchasing an additional 370 shares in the last quarter. Finally, EMC Capital Management boosted its holdings in Zscaler by 87.0% in the 3rd quarter. EMC Capital Management now owns 430 shares of the company’s stock valued at $129,000 after purchasing an additional 200 shares during the period. Institutional investors own 46.45% of the company’s stock.

Insider Transactions at Zscaler

In other Zscaler news, Director James A. Beer sold 653 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $226.72, for a total transaction of $148,048.16. Following the completion of the transaction, the director owned 3,485 shares of the company’s stock, valued at approximately $790,119.20. The trade was a 15.78% 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 the SEC website. Also, EVP Raj Judge sold 2,488 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $389,595.92. Following the completion of the transaction, the executive vice president directly owned 67,906 shares of the company’s stock, valued at $10,633,400.54. This trade represents a 3.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 9,027 shares of company stock valued at $1,459,333. Company insiders own 17.20% of the company’s stock.

Zscaler Stock Down 0.0%

NASDAQ ZS opened at $155.99 on Thursday. The business has a fifty day moving average price of $180.47 and a two-hundred day moving average price of $244.35. The stock has a market capitalization of $25.08 billion, a PE ratio of -371.40 and a beta of 1.07. Zscaler, Inc. has a fifty-two week low of $140.56 and a fifty-two week 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) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The company had revenue of $815.75 million for the quarter, compared to analyst estimates of $798.92 million. During the same quarter last year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. 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.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ZS shares. Wells Fargo & Company assumed coverage on shares of Zscaler in a research report on Tuesday, March 3rd. They set an “overweight” rating and a $200.00 target price on the stock. KeyCorp cut their price target on Zscaler from $300.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. Stifel Nicolaus reduced their price target on Zscaler from $330.00 to $320.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Canaccord Genuity Group lowered their price objective on Zscaler from $340.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Needham & Company LLC dropped their price objective on Zscaler from $310.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $267.13.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler and Bharti Airtel launched an AI & Cyber Threat Research Center to jointly research AI-enabled threats and defenses — a partnership that expands Zscaler’s enterprise reach in APAC and strengthens its positioning in AI-related security services. Zscaler and Bharti Airtel announce launch of AI & Cyber Threat Research Center
• Positive Sentiment: Zscaler expanded global data‑sovereignty capabilities on its Zero Trust Exchange (new control/logging planes, Canada deployment planned), which supports sales to regulated customers and can drive longer-term subscription revenue growth. Zscaler (ZS) Expands Global Data Sovereignty Capabilities on Zero Trust Exchange
• Positive Sentiment: Analyst commentary singled Zscaler out as a cybersecurity winner in the current AI-driven market shift (zero‑trust access control seen as increasingly valuable), which could support re-rating over time if AI adoption fuels security spend. Software Stocks Are Down—Expert Says These 3 Names Still Look Strong
• Negative Sentiment: EVP Raj Judge sold 2,488 shares at ~$156.59 (~$389.6k); his holdings fell ~3.53% (SEC Form 4). Insider sales by senior leaders can weigh on near-term sentiment even if amounts are small vs. their remaining stakes. SEC Form 4 – Raj Judge
• Negative Sentiment: Insider Robert Schlossman sold 2,263 shares at ~$156.59 (~$354.4k), reducing his stake ~3.03% (SEC Form 4). SEC Form 4 – Robert Schlossman
• Negative Sentiment: CFO Kevin Rubin sold 1,682 shares at ~$156.59 (~$263.4k), a ~3.49% reduction in his direct holdings (SEC Form 4). SEC Form 4 – Kevin Rubin
• Negative Sentiment: CEO Jagtar Singh Chaudhry sold 1,941 shares at ~$156.59 (~$303.9k), a 0.56% reduction in his position (SEC Form 4). CEO sales often draw investor attention despite small percentage changes. SEC Form 4 – Jagtar Singh Chaudhry

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.