Zscaler (NASDAQ:ZS) CFO Sells 503 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS) CFO Kevin Rubin sold 503 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $173.38, for a total transaction of $87,210.14. Following the completion of the sale, the chief financial officer owned 40,895 shares of the company’s stock, valued at approximately $7,090,375.10. This trade represents a 1.22% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Monday, July 27th, Kevin Rubin sold 503 shares of Zscaler stock. The stock was sold at an average price of $147.12, for a total transaction of $74,001.36.
• 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 transaction 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 transaction of $213,160.98.

Zscaler Stock Up 1.1%

Shares of ZS traded up $1.89 during mid-day trading on Wednesday, reaching $170.31. The company’s stock had a trading volume of 2,154,983 shares, compared to its average volume of 3,340,306. The business has a fifty day moving average of $152.84 and a 200 day moving average of $149.98. The company has a market cap of $27.54 billion, a price-to-earnings ratio of -354.81, a price-to-earnings-growth ratio of 103.63 and a beta of 0.94. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The business had revenue of $850.48 million during the quarter, compared to analysts’ expectations of $835.14 million. During the same quarter last year, the firm posted $0.84 earnings per share. Zscaler’s revenue was up 25.4% compared to the same quarter last year. As a group, analysts forecast that Zscaler, Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ZS shares. Needham & Company LLC restated a “buy” rating and set a $180.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Wedbush reissued an “outperform” rating and issued a $220.00 price target on shares of Zscaler in a research report on Wednesday, June 10th. Citizens Jmp decreased their price target on shares of Zscaler from $290.00 to $210.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. Truist Financial set a $210.00 price target on shares of Zscaler in a report on Wednesday, May 27th. Finally, HC Wainwright raised shares of Zscaler from a “buy” rating to a “buy” rating in a research report on Monday, May 18th. Thirty-four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.18.

Institutional Investors Weigh In On Zscaler

A number of hedge funds and other institutional investors have recently made changes to their positions in ZS. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Zscaler by 1.4% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after purchasing an additional 36 shares during the period. Parallel Advisors LLC increased its holdings in Zscaler by 10.9% in the third quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock valued at $119,000 after purchasing an additional 39 shares during the period. Smartleaf Asset Management LLC increased its holdings in Zscaler by 7.5% in the second quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock valued at $204,000 after purchasing an additional 45 shares during the period. Larson Financial Group LLC raised its position in Zscaler by 2.6% during the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock worth $611,000 after purchasing an additional 52 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Zscaler by 6.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 976 shares of the company’s stock worth $292,000 after purchasing an additional 56 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: JPMorgan raised its price target for Zscaler (ZS) from $205 to $215 and maintained an “overweight” rating, signaling confidence in the company’s growth prospects and potential upside. Benzinga analyst price-target update
• Positive Sentiment: Guggenheim reaffirmed its “buy” rating on Zscaler, providing additional support from the analyst community. Guggenheim reaffirms buy rating
• Neutral Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing. The artificial-intelligence startup is developing post-training and self-improvement technology intended to give companies greater control over their AI systems. The investment could create strategic AI opportunities for Zscaler, but its direct financial impact is currently unclear. Deep Cogito funding announcement Deep Cogito enterprise AI strategy
• Neutral Sentiment: Analyst opinions remain mixed, with some firms bullish while others are more cautious. Reported short-interest data showed zero shares and a zero-day ratio, but the figures appear inconsistent and offer no reliable trading signal. Mixed analyst opinions
• Negative Sentiment: Evercore added Zscaler to its tactical “underperform” list ahead of fiscal fourth-quarter results, highlighting near-term downside risk. Cybersecurity stocks have rallied on strong AI-growth expectations, so any earnings or outlook miss could trigger heightened volatility. Evercore tactical underperform call Cybersecurity earnings expectations

About Zscaler

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.