Candriam S.C.A. Purchases 70,599 Shares of Zscaler, Inc. $ZS

Candriam S.C.A. lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS) by 38.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,588 shares of the company’s stock after acquiring an additional 70,599 shares during the period. Candriam S.C.A.’s holdings in Zscaler were worth $35,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ZS. Integrated Wealth Concepts LLC raised its stake in shares of Zscaler by 19.9% in the first quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after purchasing an additional 239 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Zscaler by 8.2% during the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after buying an additional 370 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Zscaler by 9.2% during the first quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock valued at $558,000 after buying an additional 238 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Zscaler in the 2nd quarter worth about $252,000. Finally, Jump Financial LLC bought a new stake in Zscaler in the 2nd quarter worth about $3,019,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Stock Performance

ZS traded down $7.85 during trading on Friday, hitting $139.27. The company’s stock had a trading volume of 3,800,070 shares, compared to its average volume of 3,456,768. The business’s 50 day simple moving average is $143.39 and its 200-day simple moving average is $162.55. The firm has a market cap of $22.52 billion, a PE ratio of -290.14, a P/E/G ratio of 79.81 and a beta of 0.96. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. The firm had revenue of $850.48 million during the quarter, compared to analyst estimates of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.Zscaler’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, sell-side analysts predict that Zscaler, Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ZS shares. KeyCorp lowered their target price on shares of Zscaler from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Thursday, June 25th. Scotiabank decreased their price objective on shares of Zscaler from $190.00 to $175.00 and set a “sector outperform” rating for the company in a report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and set a $180.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Mizuho dropped their target price on shares of Zscaler from $210.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $179.00 target price on shares of Zscaler in a research note on Wednesday, May 27th. Thirty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.97.

Insider Activity

In other news, insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 69,366 shares of the company’s stock, valued at $8,769,943.38. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevin Rubin sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $124.22, for a total value of $372,660.00. Following the completion of the transaction, the chief financial officer owned 41,901 shares of the company’s stock, valued at $5,204,942.22. The trade was a 6.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,766 shares of company stock worth $1,978,587 over the last ninety days. Company insiders own 17.20% of the company’s stock.

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.