Zscaler, Inc. (NASDAQ:ZS – Get Free Report) CFO Kevin Rubin sold 514 shares of the business’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $259.15, for a total value of $133,203.10. Following the sale, the chief financial officer owned 62,113 shares in the company, valued at $16,096,583.95. This represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Friday, September 25th, Kevin Rubin sold 519 shares of Zscaler stock. The stock was sold at an average price of $197.28, for a total value of $102,388.32.
- On Wednesday, September 16th, Kevin Rubin sold 5,957 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total value of $1,148,271.32.
- On Tuesday, August 25th, Kevin Rubin sold 503 shares of Zscaler stock. The stock was sold at an average price of $173.38, for a total value of $87,210.14.
Zscaler Stock Performance
Zscaler stock opened at $247.82 on Friday. The business has a 50 day moving average of $202.94 and a 200-day moving average of $167.50. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market capitalization of $40.41 billion, a P/E ratio of -635.44, a P/E/G ratio of 24.32 and a beta of 0.94.
Zscaler (NASDAQ:ZS – Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. During the same quarter last year, the business earned $0.89 EPS. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, equities research analysts predict that Zscaler, Inc. will post 0.70 earnings per share for the current year.
Institutional Investors Weigh In On Zscaler
Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Zscaler during the 2nd quarter worth approximately $1,396,028,000. First Trust Advisors LP increased its stake in shares of Zscaler by 36.2% in the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after acquiring an additional 935,781 shares in the last quarter. Amundi increased its stake in shares of Zscaler by 12.8% in the 2nd quarter. Amundi now owns 1,137,837 shares of the company’s stock valued at $160,606,000 after acquiring an additional 129,563 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Zscaler by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock valued at $155,718,000 after acquiring an additional 209,711 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Zscaler by 44.3% during the 1st quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock valued at $109,320,000 after acquiring an additional 239,326 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. BNP Paribas Exane reissued an “outperform” rating and issued a $250.00 price objective (up from $230.00) on shares of Zscaler in a research note on Wednesday, October 7th. Barclays lifted their target price on Zscaler from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Scotiabank lifted their target price on Zscaler from $240.00 to $255.00 and gave the stock a “sector outperform” rating in a report on Wednesday, October 7th. Truist Financial reiterated a “buy” rating and issued a $250.00 price target (up from $200.00) on shares of Zscaler in a research report on Wednesday, October 7th. Finally, Piper Sandler increased their price target on Zscaler from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Thirty-seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $240.14.
View Our Latest Analysis on Zscaler
About Zscaler
Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.
The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.
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