Kevin Rubin Sells 503 Shares of Zscaler (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZSGet Free Report) CFO Kevin Rubin sold 503 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total value of $87,210.14. Following the transaction, the chief financial officer owned 40,895 shares of the company’s stock, valued at $7,090,375.10. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kevin Rubin also recently made the following trade(s):

  • On Monday, July 27th, Kevin Rubin sold 503 shares of Zscaler stock. The stock was sold at an average price of $147.12, for a total value of $74,001.36.
  • On Thursday, June 25th, Kevin Rubin sold 3,000 shares of Zscaler stock. The shares were sold at an average price of $124.22, for a total transaction of $372,660.00.
  • On Tuesday, June 16th, Kevin Rubin sold 1,686 shares of Zscaler stock. The stock was sold at an average price of $126.43, for a total transaction of $213,160.98.

Zscaler Price Performance

ZS stock traded up $1.89 during trading on Wednesday, hitting $170.31. The company had a trading volume of 2,154,983 shares, compared to its average volume of 3,340,306. The business has a 50 day moving average of $152.84 and a 200 day moving average of $149.98. The firm has a market capitalization of $27.54 billion, a price-to-earnings ratio of -354.81, a P/E/G ratio of 103.63 and a beta of 0.94. 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, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99.

Zscaler (NASDAQ:ZSGet Free Report) last released its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.01 by $0.07. The firm had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. Zscaler’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. As a group, research analysts predict that Zscaler, Inc. will post 0.13 earnings per share for the current year.

Key Zscaler News

Here are the key news stories impacting Zscaler this week:

  • Positive Sentiment: JPMorgan raised its price target for Zscaler (ZS) from $205 to $215 and maintained an “overweight” rating, signaling confidence in the company’s growth prospects and potential upside. Benzinga analyst price-target update
  • Positive Sentiment: Guggenheim reaffirmed its “buy” rating on Zscaler, providing additional support from the analyst community. Guggenheim reaffirms buy rating
  • Neutral Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing. The artificial-intelligence startup is developing post-training and self-improvement technology intended to give companies greater control over their AI systems. The investment could create strategic AI opportunities for Zscaler, but its direct financial impact is currently unclear. Deep Cogito funding announcement Deep Cogito enterprise AI strategy
  • Neutral Sentiment: Analyst opinions remain mixed, with some firms bullish while others are more cautious. Reported short-interest data showed zero shares and a zero-day ratio, but the figures appear inconsistent and offer no reliable trading signal. Mixed analyst opinions
  • Negative Sentiment: Evercore added Zscaler to its tactical “underperform” list ahead of fiscal fourth-quarter results, highlighting near-term downside risk. Cybersecurity stocks have rallied on strong AI-growth expectations, so any earnings or outlook miss could trigger heightened volatility. Evercore tactical underperform call Cybersecurity earnings expectations

Institutional Trading of Zscaler

A number of large investors have recently added to or reduced their stakes in the business. Binnacle Investments Inc bought a new position in shares of Zscaler in the third quarter valued at $25,000. AlphaCentric Advisors LLC purchased a new stake in shares of Zscaler during the fourth quarter valued at $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Zscaler in the 4th quarter valued at $30,000. POM Investment Strategies LLC increased its stake in Zscaler by 92.9% in the 2nd quarter. POM Investment Strategies LLC now owns 218 shares of the company’s stock worth $31,000 after purchasing an additional 105 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Zscaler during the 4th quarter worth about $32,000. 46.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on ZS shares. UBS Group dropped their target price on Zscaler from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. JPMorgan Chase & Co. increased their price target on Zscaler from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on Zscaler from $180.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Canaccord Genuity Group reissued a “buy” rating and issued a $210.00 price objective on shares of Zscaler in a research note on Thursday, June 11th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Zscaler in a report on Tuesday, June 9th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $216.18.

Read Our Latest Report on Zscaler

Zscaler Company Profile

(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.

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Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

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