Insider Selling: Zscaler (NASDAQ:ZS) Insider Sells $1,078,800.00 in Stock

Zscaler, Inc. (NASDAQ:ZSGet Free Report) insider Robert Schlossman sold 5,394 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the transaction, the insider directly owned 61,525 shares of the company’s stock, valued at $12,305,000. This represents a 8.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Robert Schlossman also recently made the following trade(s):

  • On Wednesday, September 16th, Robert Schlossman sold 2,325 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total value of $448,167.00.
  • On Monday, July 6th, Robert Schlossman sold 122 shares of Zscaler stock. The shares were sold at an average price of $150.00, for a total value of $18,300.00.

Zscaler Stock Up 2.0%

Shares of ZS stock opened at $214.45 on Thursday. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The firm has a market cap of $34.97 billion, a PE ratio of -549.87, a price-to-earnings-growth ratio of 23.95 and a beta of 0.95. The stock has a 50 day moving average of $172.02 and a 200-day moving average of $152.96. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65.

Zscaler (NASDAQ:ZSGet Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%.The company had revenue of $898.19 million during the quarter, compared to analysts’ expectations of $876.96 million. During the same period in the prior year, the business earned $0.89 earnings per share. Zscaler’s revenue for the quarter was up 24.9% compared to the same quarter last year. 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 analysts predict that Zscaler, Inc. will post 0.64 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its holdings in shares of Zscaler by 18.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 417 shares of the company’s stock valued at $59,000 after buying an additional 66 shares during the last quarter. Koshinski Asset Management Inc. increased its holdings in Zscaler by 2.7% during the first quarter. Koshinski Asset Management Inc. now owns 3,036 shares of the company’s stock worth $426,000 after buying an additional 79 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Zscaler by 2.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,106 shares of the company’s stock worth $908,000 after acquiring an additional 80 shares in the last quarter. Parallel Advisors LLC raised its position in Zscaler by 12.3% during the first quarter. Parallel Advisors LLC now owns 793 shares of the company’s stock worth $111,000 after acquiring an additional 87 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in Zscaler by 1.1% in the first quarter. Kestra Private Wealth Services LLC now owns 8,707 shares of the company’s stock valued at $1,222,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ZS. Mizuho boosted their price objective on shares of Zscaler from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Wolfe Research reiterated an “outperform” rating and issued a $150.00 target price on shares of Zscaler in a research note on Thursday, June 11th. Wells Fargo & Company boosted their price target on Zscaler from $210.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. FBN Securities reiterated an “outperform” rating and issued a $175.00 price objective on shares of Zscaler in a research report on Wednesday, May 27th. Finally, Scotiabank reissued an “outperform” rating on shares of Zscaler in a report on Friday, September 4th. Thirty-four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $218.38.

Get Our Latest Stock Analysis on Zscaler

About Zscaler

(Get Free Report)

Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.

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