Zscaler (NASDAQ:ZS) Insider Sells 4,584 Shares

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 4,584 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $192.01, for a total transaction of $880,173.84. Following the sale, the insider directly owned 38,969 shares in the company, valued at approximately $7,482,437.69. The trade was a 10.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Wednesday, September 16th, Adam Geller sold 5,578 shares of Zscaler stock. The stock was sold at an average price of $192.76, for a total transaction of $1,075,215.28.
• On Monday, June 22nd, Adam Geller sold 2,817 shares of Zscaler stock. The shares were sold at an average price of $122.60, for a total value of $345,364.20.

Zscaler Price Performance

Shares of NASDAQ ZS traded up $5.89 during mid-day trading on Thursday, hitting $197.47. 3,015,263 shares of the stock traded hands, compared to its average volume of 3,320,208. The company has a market cap of $32.20 billion, a PE ratio of -506.33, a price-to-earnings-growth ratio of 23.05 and a beta of 0.95. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. 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 has a 50 day simple moving average of $167.06 and a two-hundred day simple moving average of $151.50.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (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 positive return on equity of 1.23% and a negative net margin of 1.88%.The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter 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. As a group, equities research analysts forecast that Zscaler, Inc. will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

ZS has been the topic of several recent research reports. Evercore set a $155.00 target price on shares of Zscaler and gave the stock an “in-line” rating in a research report on Wednesday, May 27th. Citigroup lifted their price target on shares of Zscaler from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. Wolfe Research reissued an “outperform” rating and issued a $150.00 price objective on shares of Zscaler in a research note on Thursday, June 11th. Barclays increased their price objective on Zscaler from $192.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Finally, Truist Financial set a $210.00 target price on Zscaler in a research report on Wednesday, May 27th. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd boosted its stake in shares of Zscaler by 56.5% in the 2nd quarter. WINTON GROUP Ltd now owns 4,890 shares of the company’s stock valued at $690,000 after purchasing an additional 1,765 shares during the last quarter. NewEdge Advisors LLC raised its stake in Zscaler by 7.8% during the second quarter. NewEdge Advisors LLC now owns 4,626 shares of the company’s stock worth $653,000 after buying an additional 336 shares during the last quarter. Hudock Inc. acquired a new position in Zscaler in the second quarter valued at $311,000. Allworth Financial LP lifted its holdings in Zscaler by 7.7% in the second quarter. Allworth Financial LP now owns 3,578 shares of the company’s stock valued at $505,000 after buying an additional 256 shares during the period. Finally, Arizona State Retirement System boosted its position in Zscaler by 6.4% during the second quarter. Arizona State Retirement System now owns 29,965 shares of the company’s stock valued at $4,230,000 after acquiring an additional 1,799 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Company Profile

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.