Zscaler, Inc. (NASDAQ:ZS – Get Free Report) CFO Kevin Rubin sold 503 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $147.12, for a total transaction of $74,001.36. Following the completion of the sale, the chief financial officer owned 41,398 shares of the company’s stock, valued at approximately $6,090,473.76. This represents a 1.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Thursday, June 25th, Kevin Rubin sold 3,000 shares of Zscaler stock. The stock was sold at an average price of $124.22, for a total value of $372,660.00.
- On Tuesday, June 16th, Kevin Rubin sold 1,686 shares of Zscaler stock. The shares were sold at an average price of $126.43, for a total value of $213,160.98.
Zscaler Stock Up 1.4%
Shares of Zscaler stock opened at $153.77 on Thursday. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The business has a 50-day moving average of $141.62 and a two-hundred day moving average of $154.83. The company has a market capitalization of $24.87 billion, a P/E ratio of -320.35, a price-to-earnings-growth ratio of 86.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86.
Institutional Trading of Zscaler
Hedge funds and other institutional investors have recently made changes to their positions in the business. Binnacle Investments Inc acquired a new position in Zscaler during the third quarter worth $25,000. AlphaCentric Advisors LLC acquired a new stake in Zscaler in the 4th quarter valued at $29,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Zscaler in the 4th quarter valued at $30,000. Mcguire Capital Advisors Inc. bought a new stake in Zscaler during the 4th quarter worth about $32,000. Finally, Western Wealth Management LLC bought a new stake in Zscaler during the 1st quarter worth about $33,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Zscaler
Here are the key news stories impacting Zscaler this week:
- Positive Sentiment: European sovereign-cloud partnership: Zscaler and Schwarz Digits launched a sovereign Zero Trust SASE offering using Zscaler’s Zero Trust Exchange on STACKIT cloud infrastructure in Germany. The service is designed for European customers—particularly in government, defense, financial services and healthcare—and could expand Zscaler’s opportunity in regulated markets requiring data residency and cyber resilience. Zscaler and Schwarz Digits Partner to Deliver Sovereign Cloud Security Platform for Europe
- Positive Sentiment: Recent market outperformance: ZS outperformed the broader market in the latest reported session, suggesting improving short-term investor sentiment. The move follows quarterly results that exceeded expectations, with earnings per share of $1.08 versus a $1.01 consensus estimate and revenue of $850.5 million, up 25.4% year over year. Zscaler Surpasses Market Returns
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Truist Financial set a $210.00 price target on shares of Zscaler in a research note on Wednesday, May 27th. Barclays lowered their price objective on shares of Zscaler from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Morgan Stanley cut their price objective on shares of Zscaler from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 27th. Evercore set a $155.00 target price on shares of Zscaler and gave the stock an “in-line” rating in a research note on Wednesday, May 27th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $210.00 target price on shares of Zscaler in a report on Thursday, June 11th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given 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 a consensus target price of $214.21.
Check Out Our Latest Stock Analysis on ZS
Zscaler Company Profile
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.
Read More
- Five stocks we like better than Zscaler
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.
