Forsta AP Fonden Buys 21,940 Shares of Zscaler, Inc. $ZS

Forsta AP Fonden raised its stake in Zscaler, Inc. (NASDAQ:ZS) by 97.5% during the 4th quarter, Holdings Channel reports. The fund owned 44,440 shares of the company’s stock after acquiring an additional 21,940 shares during the period. Forsta AP Fonden’s holdings in Zscaler were worth $9,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Binnacle Investments Inc bought a new position in Zscaler in the 3rd quarter valued at about $25,000. Picton Mahoney Asset Management bought a new position in Zscaler in the 3rd quarter valued at about $30,000. Family CFO Inc bought a new position in Zscaler in the 4th quarter valued at about $34,000. Missouri Trust & Investment Co raised its holdings in Zscaler by 1,460.0% in the 3rd quarter. Missouri Trust & Investment Co now owns 156 shares of the company’s stock valued at $47,000 after acquiring an additional 146 shares during the period. Finally, Murphy & Mullick Capital Management Corp raised its holdings in Zscaler by 185.9% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 223 shares of the company’s stock valued at $69,000 after acquiring an additional 145 shares during the period. 46.45% of the stock is owned by institutional investors.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Despite the selloff, Zscaler reported strong fiscal Q3 results with revenue growth of about 25% year over year and earnings that beat estimates, which some analysts say supports the long-term cybersecurity demand story.
• Positive Sentiment: Some commentary argues the market may be overreacting to the guidance cut, pointing to Zscaler’s strong net retention and its role in AI-driven security workflows as reasons the stock could eventually recover. MarketBeat Zscaler page
• Neutral Sentiment: Zacks Research upgraded Zscaler from “strong sell” to “hold,” suggesting the recent drop may have improved the risk/reward profile, but it does not signal a clear bullish turn.
• Neutral Sentiment: Several articles discuss broader cybersecurity weakness tied to Google’s AI security platform launch and changing investor sentiment around software, which adds context but is not Zscaler-specific.
• Negative Sentiment: Wall Street’s main concern is the disappointing forward guidance, which overshadowed the earnings beat and raised questions about near-term growth and sales execution.
• Negative Sentiment: Reports of class-action and securities-fraud investigations may add overhang to the stock until management can rebuild confidence. Investor alert article

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citizens Jmp lowered their price target on shares of Zscaler from $290.00 to $210.00 and set a “market outperform” rating on the stock in a report on Friday, May 1st. BTIG Research reissued a “neutral” rating on shares of Zscaler in a report on Thursday, April 9th. Zacks Research raised shares of Zscaler from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Wedbush lowered their price target on shares of Zscaler from $300.00 to $220.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Finally, Sanford C. Bernstein lowered their target price on shares of Zscaler from $228.00 to $224.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Thirty-two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average price target of $216.08.

Zscaler Price Performance

Shares of ZS opened at $139.73 on Monday. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The firm’s 50 day moving average is $144.36 and its 200-day moving average is $188.63. The stock has a market capitalization of $22.60 billion, a PE ratio of -291.10 and a beta of 0.97. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. During the same period last year, the firm earned $0.84 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Equities research analysts forecast that Zscaler, Inc. will post -0.03 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Kevin Rubin sold 1,682 shares of Zscaler 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 $263,384.38. Following the transaction, the chief financial officer directly owned 46,479 shares of the company’s stock, valued at $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 SEC, which is available through this link. Also, CEO Jagtar Singh Chaudhry sold 1,941 shares of Zscaler 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 $303,941.19. Following the completion of the transaction, the chief executive officer directly owned 345,916 shares in the company, valued at $54,166,986.44. This trade represents a 0.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,130 shares of company stock valued at $1,892,487 over the last three months. 17.20% of the stock is owned by corporate insiders.

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.