Robert Schlossman Sells 7,006 Shares of Zscaler (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS) insider Robert Schlossman sold 7,006 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the sale, the insider directly owned 76,132 shares of the company’s stock, valued at approximately $23,263,655.24. This represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Robert Schlossman also recently made the following trade(s):

• On Tuesday, September 16th, Robert Schlossman sold 3,832 shares of Zscaler stock. The shares were sold at an average price of $280.70, for a total transaction of $1,075,642.40.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $305.41 on Friday. The stock has a market cap of $48.35 billion, a price-to-earnings ratio of -1,131.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46. The stock’s 50 day moving average price is $282.18 and its 200 day moving average price is $263.56.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to analysts’ expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group cut their price target on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Wells Fargo & Company raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $260.00 to $385.00 in a research note on Friday, June 13th. Barclays raised their target price on shares of Zscaler from $300.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. JMP Securities reiterated a “market outperform” rating and set a $355.00 price objective on shares of Zscaler in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Zscaler from $348.00 to $351.00 and gave the stock an “overweight” rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.43.

Hedge Funds Weigh In On Zscaler

Several institutional investors and hedge funds have recently modified their holdings of the stock. ORG Partners LLC grew its stake in Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company’s stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Zscaler in the 1st quarter valued at approximately $26,000. Goodman Advisory Group LLC bought a new stake in shares of Zscaler in the 1st quarter valued at approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in Zscaler in the first quarter worth approximately $29,000. Finally, CVA Family Office LLC raised its position in Zscaler by 120.3% during the first quarter. CVA Family Office LLC now owns 152 shares of the company’s stock valued at $30,000 after acquiring an additional 83 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.