Zscaler (NASDAQ:ZS) CFO Kevin Rubin Sells 514 Shares of Company Stock

Zscaler, Inc. (NASDAQ:ZS) CFO Kevin Rubin sold 514 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $259.15, for a total transaction of $133,203.10. Following the sale, the chief financial officer owned 62,113 shares in the company, valued at approximately $16,096,583.95. This trade represents a 0.82% 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, September 25th, Kevin Rubin sold 519 shares of Zscaler stock. The shares were sold at an average price of $197.28, for a total transaction of $102,388.32.
• On Wednesday, September 16th, Kevin Rubin sold 5,957 shares of Zscaler stock. The stock was sold at an average price of $192.76, for a total transaction 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 transaction of $87,210.14.

Zscaler Stock Down 0.1%

Zscaler stock opened at $260.15 on Wednesday. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The stock’s fifty day simple moving average is $200.27 and its 200-day simple moving average is $167.17.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.10. The company had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. The firm’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. 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, analysts predict that Zscaler, Inc. will post 0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZS. Stephens increased their price target on Zscaler from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. DA Davidson initiated coverage on Zscaler in a research report on Wednesday, October 21st. They set a “neutral” rating and a $215.00 price objective for the company. Sanford C. Bernstein upped their target price on shares of Zscaler from $224.00 to $298.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. KeyCorp raised their target price on shares of Zscaler from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $236.00 price objective on shares of Zscaler in a report on Wednesday, October 7th. Thirty-seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $240.14.

Zscaler News Summary

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Bank of America Securities reiterated its Buy rating, providing continued institutional support for Zscaler’s growth outlook. Bank of America Securities Sticks to Their Buy Rating for Zscaler
• Positive Sentiment: Analysts and market commentators continue to point to rising cyber threats and AI adoption as potential demand drivers for Zscaler’s cloud-security platform. The stock recently benefited from a broader cybersecurity-sector rally. Top AI-Powered Cybersecurity Stocks to Buy as Digital Threats Rise
• Positive Sentiment: Zscaler announced its India PartnerConnect 2026 award winners, highlighting partner engagement and channel activity in an important growth market, although the direct financial impact is unclear. Zscaler Announces India Partner Award Winners
• Neutral Sentiment: Zscaler CFO Kevin Rubin sold 514 shares for approximately $133,000 under a pre-arranged Rule 10b5-1 plan. The sale represented only 0.82% of his holdings, reducing its value as a bearish signal. Zscaler CFO Form 4 Filing
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Zscaler investors. The announcement does not establish wrongdoing, but securities investigations can increase legal and reputational risk and weigh on sentiment. Pomerantz Investor Alert
• Negative Sentiment: Commentary argues that competitor Netskope is catching up, raising concerns about competition and potential pressure on Zscaler’s long-term growth advantages. Netskope Vs. Zscaler
• Negative Sentiment: Another analysis concludes that much of Zscaler’s AI-related upside may already be reflected in its valuation, making the stock more vulnerable to profit-taking or disappointing growth. Zscaler AI Tailwinds Appear To Be Mostly Priced In

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Handelsbanken Fonder AB grew its position in shares of Zscaler by 89.6% during the second quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company’s stock worth $8,601,000 after acquiring an additional 28,792 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Zscaler by 6.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company’s stock valued at $27,284,000 after purchasing an additional 11,941 shares during the last quarter. Bank of America Corp DE raised its position in Zscaler by 44.3% in the 1st quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock valued at $109,320,000 after purchasing an additional 239,326 shares during the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new stake in Zscaler during the 2nd quarter worth $11,232,000. Finally, Krilogy Financial LLC boosted its stake in Zscaler by 163.0% during the 3rd quarter. Krilogy Financial LLC now owns 11,008 shares of the company’s stock worth $2,195,000 after purchasing an additional 6,822 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

About Zscaler

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

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