Hsbc Holdings PLC Sells 79,355 Shares of Zscaler, Inc. $ZS

Hsbc Holdings PLC cut its holdings in shares of Zscaler, Inc. (NASDAQ:ZS) by 54.2% in the 4th quarter, Holdings Channel reports. The firm owned 67,161 shares of the company’s stock after selling 79,355 shares during the period. Hsbc Holdings PLC’s holdings in Zscaler were worth $15,156,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ZS. Binnacle Investments Inc acquired a new stake in Zscaler in the third quarter valued at about $25,000. AlphaCentric Advisors LLC bought a new position in Zscaler in the fourth quarter valued at about $29,000. Picton Mahoney Asset Management acquired a new position in Zscaler during the third quarter worth about $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Zscaler during the fourth quarter worth about $30,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Zscaler in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Ratings Changes

ZS has been the topic of a number of research analyst reports. KeyCorp reduced their price target on shares of Zscaler from $190.00 to $176.00 and set an “overweight” rating on the stock in a research note on Thursday. Guggenheim reiterated a “buy” rating and set a $214.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Berenberg Bank set a $200.00 price objective on shares of Zscaler in a research note on Thursday, May 28th. FBN Securities restated an “outperform” rating and issued a $175.00 target price on shares of Zscaler in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company decreased their target price on shares of Zscaler from $210.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and an average price target of $213.97.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,878 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the transaction, the chief executive officer owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 2,817 shares of Zscaler stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the transaction, the insider owned 42,314 shares in the company, valued at approximately $5,187,696.40. This trade represents a 6.24% 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 90 days, insiders sold 12,644 shares of company stock valued at $1,587,627. 17.20% of the stock is owned by insiders.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler announced a new multi-year partnership with Aston Martin Aramco Formula One Team, extending its cybersecurity platform into a high-profile global brand and potentially boosting visibility for its Zero Trust products. Racing Innovation Meets Zero Trust: Aston Martin Aramco Formula One™ Team and Zscaler Redefine Speed and Security
• Positive Sentiment: CEO Jay Chaudhry’s comments that AI is accelerating cybersecurity bug detection and creating a major opportunity in the sector reinforce the growth narrative around Zscaler’s AI-driven security platform. Zscaler CEO Jay Chaudhry says AI accelerates cybersecurity bug detection
• Positive Sentiment: Coverage around Zscaler’s Project AI-Guardian expansion suggests the company is broadening its enterprise AI security ecosystem, which could support longer-term demand and bookings. Zscaler (ZS) Expands Project AI-Guardian to Provide Unified Security for Enterprise AI Ecosystems
• Neutral Sentiment: Commentary that Zscaler was up modestly since its last earnings report mainly reflects post-earnings trading and analyst estimate changes rather than a new operational catalyst. Why Is Zscaler (ZS) Up 0.7% Since Last Earnings Report?
• Neutral Sentiment: Short-interest data showed essentially no shares reported short, which does not appear to be a meaningful new driver for the stock. Short Interest Update
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Zscaler investors, adding a potential legal overhang that can pressure shares. INVESTOR ALERT: Pomerantz Law Firm Investigates Claim On Behalf of Investors of Zscaler, Inc. – ZS
• Negative Sentiment: Insider selling by Adam Geller, while done under a pre-arranged 10b5-1 plan, may still weigh on sentiment around Zscaler stock. Zscaler (NASDAQ:ZS) Insider Sells $345,364.20 in Stock

Zscaler Stock Performance

Shares of ZS stock opened at $123.80 on Friday. The firm has a market capitalization of $20.02 billion, a price-to-earnings ratio of -257.91, a PEG ratio of 79.57 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. The business’s 50-day moving average price is $141.56 and its 200-day moving average price is $169.19. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.07. The company had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The firm’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. 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 0.11 EPS for the current year.

About Zscaler

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.