Zscaler (NASDAQ:ZS) Stock: Insider Adam Geller Sells 23,958 Shares

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 23,958 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $225.43, for a total value of $5,400,851.94. Following the sale, the insider directly owned 38,308 shares in the company, valued at $8,635,772.44. The trade was a 38.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 12th, Adam Geller sold 1,042 shares of Zscaler stock. The stock was sold at an average price of $235.95, for a total transaction of $245,859.90.
• On Monday, September 21st, Adam Geller sold 661 shares of Zscaler stock. The stock was sold at an average price of $200.00, for a total transaction of $132,200.00.
• 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 value of $880,173.84.
• On Wednesday, September 16th, Adam Geller sold 5,578 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total transaction of $1,075,215.28.

Zscaler Price Performance

Zscaler stock opened at $220.79 on Thursday. The stock has a market cap of $36.00 billion, a price-to-earnings ratio of -566.13, a price-to-earnings-growth ratio of 21.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The firm has a 50-day moving average of $190.07 and a two-hundred day moving average of $159.06.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. The business had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. 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, research analysts forecast that Zscaler, Inc. will post 0.69 earnings per share for the current year.

Analyst Ratings Changes

ZS has been the subject of a number of analyst reports. Scotiabank upped their price objective on Zscaler from $240.00 to $255.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, October 7th. Needham & Company LLC lifted their target price on Zscaler from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Cantor Fitzgerald lifted their target price on Zscaler from $225.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Stephens boosted their target price on shares of Zscaler from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Finally, Wells Fargo & Company increased their price target on shares of Zscaler from $215.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Thirty-five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $239.41.

Institutional Trading of Zscaler

A number of hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC grew its stake in Zscaler by 2,466.7% during the 3rd quarter. Fortitude Family Office LLC now owns 154 shares of the company’s stock worth $31,000 after buying an additional 148 shares during the last quarter. Triumph Capital Management increased its position in Zscaler by 6.3% during the third quarter. Triumph Capital Management now owns 923 shares of the company’s stock worth $184,000 after buying an additional 55 shares during the period. Seelaus Asset Management LLC lifted its stake in Zscaler by 33.4% in the third quarter. Seelaus Asset Management LLC now owns 2,762 shares of the company’s stock valued at $551,000 after buying an additional 691 shares during the last quarter. MinichMacGregor Wealth Management LLC purchased a new stake in Zscaler in the third quarter valued at approximately $6,596,000. Finally, Krilogy Financial LLC boosted its holdings in shares of Zscaler by 163.0% in the third quarter. Krilogy Financial LLC now owns 11,008 shares of the company’s stock valued at $2,195,000 after acquiring an additional 6,822 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler News Summary

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Investor-day outlook remains supportive: Zscaler reaffirmed its fiscal 2027 guidance and outlined a long-term path toward roughly $8 billion in annual recurring revenue, with additional potential from AI-driven cybersecurity demand. Several analysts subsequently raised their price targets. Zscaler investor-day outlook
• Positive Sentiment: Analyst sentiment is generally favorable: Recent target increases included Baird’s $285 target and JMP’s $265 target. MarketBeat data shows a “Moderate Buy” consensus, although targets vary considerably. Zscaler analyst ratings
• Neutral Sentiment: Investor attention is elevated: ZS has been among the most-searched stocks on Zacks, but high interest alone does not establish a fundamental catalyst and analyst opinions remain mixed. Investors search Zscaler
• Negative Sentiment: Valuation and growth risks are limiting upside: A recent analysis rated Zscaler “Hold,” arguing that the rally has already removed much of the favorable risk/reward. Weak fiscal 2027 net new ARR guidance, possible revenue-growth moderation and competition from CrowdStrike and Palo Alto Networks remain concerns. Zscaler valuation analysis
• Negative Sentiment: Insider selling adds pressure: Chief Product Officer Adam Geller sold approximately $5.65 million of shares, including a larger sale disclosed recently. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing their significance as a direct signal of company fundamentals but potentially weighing on sentiment. Zscaler insider sale
• Negative Sentiment: Legal scrutiny is an additional overhang: Pomerantz LLP announced an investigation into potential investor claims involving Zscaler. The announcement does not establish wrongdoing, but it may increase headline and litigation risk. Pomerantz Zscaler investor alert

About Zscaler

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

The company’s offerings include Zscaler Internet Access, which helps secure internet and software-as-a-service access, and Zscaler Private Access, which provides controlled access to private applications without extending an organization’s network to remote users.