Insider Selling: Zscaler (NASDAQ:ZS) Insider Sells $448,167.00 in Stock

Zscaler, Inc. (NASDAQ:ZS) insider Robert Schlossman sold 2,325 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total value of $448,167.00. Following the sale, the insider owned 66,919 shares in the company, valued at approximately $12,899,306.44. This trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 Price Performance

Shares of ZS traded up $5.89 during trading hours on Thursday, reaching $197.47. 3,015,263 shares of the company traded hands, compared to its average volume of 3,320,208. The stock has a market capitalization of $32.20 billion, a PE ratio of -506.33, a price-to-earnings-growth ratio of 23.05 and a beta of 0.95. The stock has a fifty day simple moving average of $167.06 and a 200 day simple moving average of $151.50. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. 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:ZS) last released its earnings results 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 company had revenue of $898.19 million for the quarter, compared to analyst estimates of $876.96 million. During the same period in the prior year, the firm 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. As a group, research analysts predict that Zscaler, Inc. will post 0.61 EPS for the current fiscal year.

Institutional Trading of Zscaler

Institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its stake 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 acquiring an additional 66 shares during the period. Koshinski Asset Management Inc. boosted its position in Zscaler by 2.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 3,036 shares of the company’s stock worth $426,000 after purchasing an additional 79 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Zscaler by 2.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 4,106 shares of the company’s stock valued at $908,000 after purchasing an additional 80 shares in the last quarter. Parallel Advisors LLC increased its holdings in Zscaler by 12.3% in the 1st quarter. Parallel Advisors LLC now owns 793 shares of the company’s stock valued at $111,000 after purchasing an additional 87 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position 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 purchasing an additional 92 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $220.00 target price on shares of Zscaler in a research note on Wednesday, September 2nd. Guggenheim reissued a “buy” rating and set a $214.00 price target on shares of Zscaler in a research note on Friday, September 4th. Morgan Stanley raised their price objective on Zscaler from $145.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, September 4th. Wells Fargo & Company lifted their price objective on Zscaler from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Finally, 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. Thirty-four equities 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.38.

About Zscaler

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.