Zscaler (NASDAQ:ZS) Stock Price Down 2.2% After Insider Selling

Posted by Francis Steltz on Jun 19th, 2026

Shares of Zscaler, Inc. (NASDAQ:ZS – Get Free Report) were down 2.2% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as $123.38 and last traded at $124.38. Approximately 3,101,240 shares traded hands during trading, a decline of 14% from the average session volume of 3,609,885 shares. The stock had previously closed at $127.23.

Specifically, CFO Kevin Rubin sold 1,686 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $213,160.98. Following the sale, the chief financial officer directly owned 44,901 shares in the company, valued at approximately $5,676,833.43. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Robert Schlossman sold 3,146 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $397,748.78. Following the completion of the transaction, the insider directly owned 69,366 shares of the company’s stock, valued at $8,769,943.38. This represents a 4.34% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In related news, insider Adam Geller sold 1,940 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $245,274.20. Following the completion of the transaction, the insider owned 45,131 shares in the company, valued at $5,705,912.33. This trade represents a 4.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ZS shares. Zacks Research upgraded shares of Zscaler from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Berenberg Bank set a $200.00 price objective on shares of Zscaler in a research note on Thursday, May 28th. Robert W. Baird decreased their price objective on Zscaler from $265.00 to $230.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Wells Fargo & Company lowered their target price on Zscaler from $210.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, May 28th. Finally, Stifel Nicolaus cut their target price on Zscaler from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $214.33.

Read Our Latest Stock Report on Zscaler

Zscaler Stock Performance

The stock has a fifty day simple moving average of $141.51 and a two-hundred day simple moving average of $173.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market capitalization of $20.19 billion, a price-to-earnings ratio of -260.10, a P/E/G ratio of 77.77 and a beta of 0.97.

Zscaler (NASDAQ:ZS – Get Free Report) last announced its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The company had revenue of $850.48 million for the quarter, compared to the consensus estimate of $835.14 million. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. Analysts forecast that Zscaler, Inc. will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zscaler

Institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its holdings in shares of Zscaler by 1.7% during the 1st quarter. Pacer Advisors Inc. now owns 91,583 shares of the company’s stock worth $12,848,000 after buying an additional 1,569 shares in the last quarter. Caerus Investment Advisors LLC increased its stake in shares of Zscaler by 37.8% in the 1st quarter. Caerus Investment Advisors LLC now owns 1,444 shares of the company’s stock valued at $203,000 after acquiring an additional 396 shares in the last quarter. Front Row Advisors LLC lifted its position in shares of Zscaler by 24.1% during the 1st quarter. Front Row Advisors LLC now owns 809 shares of the company’s stock valued at $113,000 after acquiring an additional 157 shares during the period. Western Wealth Management LLC acquired a new position in shares of Zscaler during the 1st quarter valued at $33,000. Finally, Bank of America Corp DE boosted its stake in Zscaler by 44.3% during the first quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock worth $109,320,000 after acquiring an additional 239,326 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

About Zscaler

(Get Free Report)

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.