Insider Selling: Zscaler (NASDAQ:ZS) CFO Sells $102,388.32 in Stock

Zscaler, Inc. (NASDAQ:ZS) CFO Kevin Rubin sold 519 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $197.28, for a total value of $102,388.32. Following the transaction, the chief financial officer owned 42,768 shares of the company’s stock, valued at approximately $8,437,271.04. The trade was a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kevin Rubin also recently made the following trade(s):

• On Wednesday, September 16th, Kevin Rubin sold 5,957 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total value of $1,148,271.32.
• On Tuesday, August 25th, Kevin Rubin sold 503 shares of Zscaler stock. The stock was sold at an average price of $173.38, for a total value of $87,210.14.
• 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.

Zscaler Trading Up 0.5%

Shares of ZS opened at $199.42 on Thursday. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The company has a market capitalization of $32.52 billion, a P/E ratio of -511.33, a P/E/G ratio of 20.67 and a beta of 0.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. The firm’s 50 day simple moving average is $177.37 and its 200 day simple moving average is $154.48.

Zscaler (NASDAQ:ZS) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Sell-side analysts forecast that Zscaler, Inc. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ZS shares. Guggenheim restated a “buy” rating on shares of Zscaler in a research report on Friday, September 25th. TD Cowen reiterated a “buy” rating and issued a $200.00 price objective on shares of Zscaler in a report on Friday, September 4th. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price objective on shares of Zscaler in a research report on Friday, September 4th. Sanford C. Bernstein boosted their target price on Zscaler from $224.00 to $298.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Finally, Mizuho increased their price target on shares of Zscaler from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, September 25th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus target price of $219.78.

Hedge Funds Weigh In On Zscaler

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Zscaler during the 2nd quarter valued at about $1,396,028,000. First Trust Advisors LP lifted its stake in Zscaler by 36.2% in the first 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 during the period. Geode Capital Management LLC lifted its stake in Zscaler by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock worth $464,783,000 after acquiring an additional 98,140 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Zscaler by 52.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock valued at $269,285,000 after acquiring an additional 661,413 shares in the last quarter. Finally, Amundi boosted its holdings in Zscaler by 12.8% in the second quarter. Amundi now owns 1,137,837 shares of the company’s stock valued at $160,606,000 after acquiring an additional 129,563 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Company Profile

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.