Zscaler (NASDAQ:ZS) Insider Sells $1,075,215.28 in Stock

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 5,578 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $192.76, for a total transaction of $1,075,215.28. Following the transaction, the insider directly owned 43,553 shares in the company, valued at $8,395,276.28. This trade represents a 11.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Adam Geller also recently made the following trade(s):

• On Thursday, September 17th, Adam Geller sold 4,584 shares of Zscaler stock. The shares were sold at an average price of $192.01, for a total transaction of $880,173.84.
• On Monday, June 22nd, Adam Geller sold 2,817 shares of Zscaler stock. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20.

Zscaler Stock Performance

Shares of NASDAQ:ZS traded up $5.89 on Thursday, hitting $197.47. 3,015,263 shares of the company were exchanged, compared to its average volume of 3,320,208. The company’s 50 day moving average price is $167.06 and its two-hundred day moving average price is $151.50. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $32.20 billion, a price-to-earnings ratio of -506.33, a PEG ratio of 23.05 and a beta of 0.95.

Zscaler (NASDAQ:ZS) last released its earnings results 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 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 analysts’ expectations of $876.96 million. During the same quarter last year, the company earned $0.89 earnings per share. The firm’s 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. Research analysts expect that Zscaler, Inc. will post 0.61 earnings per share for the current year.

Institutional Trading of Zscaler

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Zscaler in the second quarter valued at approximately $1,396,028,000. First Trust Advisors LP boosted its holdings 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 worth $493,635,000 after acquiring an additional 935,781 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Zscaler during the 2nd quarter worth approximately $102,271,000. Pictet Asset Management Holding SA grew its position in Zscaler by 52.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock worth $269,285,000 after acquiring an additional 661,413 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Zscaler during the 2nd quarter valued at $89,740,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ZS shares. Mizuho lifted their price target on shares of Zscaler from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Piper Sandler upped their target price on shares of Zscaler from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Stephens set a $215.00 price objective on Zscaler in a report on Friday, September 4th. Sanford C. Bernstein increased their target price on Zscaler from $224.00 to $298.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Zscaler in a research note on Friday, September 4th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average price target 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.