Adam Geller Sells 1,485 Shares of Zscaler (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 1,485 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total transaction of $232,536.15. Following the completion of the transaction, the insider directly owned 49,043 shares of the company’s stock, valued at $7,679,643.37. This trade represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adam Geller also recently made the following trade(s):

• On Wednesday, March 18th, Adam Geller sold 2,094 shares of Zscaler stock. The stock was sold at an average price of $153.53, for a total value of $321,491.82.

Zscaler Stock Performance

ZS stock opened at $151.47 on Friday. The business’s 50-day moving average price is $177.87 and its two-hundred day moving average price is $242.86. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. The firm has a market cap of $24.35 billion, a PE ratio of -360.64 and a beta of 1.07. Zscaler, Inc. has a 1-year low of $140.56 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The firm had revenue of $815.75 million during the quarter, compared to analysts’ expectations of $798.92 million. During the same period in the previous year, the firm earned $0.78 earnings per share. The company’s revenue was up 25.9% on a year-over-year basis. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Key Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler will establish a global headquarters in Santa Clara, signaling long‑term commitment and capacity to scale operations and hiring in a core tech market. Zscaler to establish global headquarters in Santa Clara
• Positive Sentiment: Commercial/product wins: Zscaler launched an AI & Cyber Threat Research Center with Bharti Airtel and expanded global data‑sovereignty controls on its Zero Trust Exchange — moves that help win regulated and APAC customers and support ARR growth. Partnership with Bharti Airtel Data sovereignty expansion
• Neutral Sentiment: Fundamentals: Zscaler beat February quarterly EPS and revenue estimates and provided FY/Q guidance that kept investors focused on growth vs. margin tradeoffs (guidance supports recurring revenue visibility but AI investments may pressure margins). Company overview & latest results
• Negative Sentiment: Unusually heavy put‑option activity — about 47,656 puts traded (~74% above average), indicating elevated bearish positioning and the potential for amplified downside volatility. Options trading alert
• Negative Sentiment: Clustered insider selling — multiple Form 4s show CEO, CFO, EVP and other senior insiders sold stock mid‑March. Collectively these sales are being read as a near‑term negative signal, even if for liquidity/tax reasons. SEC insider filing (example)
• Negative Sentiment: Analyst pressure and competition — recent price‑target trims (Oppenheimer, BMO, Needham, Piper) and comparisons to CrowdStrike highlight faster ARR/margin momentum at some peers and growing margin pressure from Zscaler’s newer AI offerings, weighing on valuation. Price target coverage Competitive comparison

Hedge Funds Weigh In On Zscaler

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Binnacle Investments Inc acquired a new stake in shares of Zscaler in the 3rd quarter valued at about $25,000. Tradewinds Capital Management LLC raised its stake in Zscaler by 145.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock worth $26,000 after buying an additional 51 shares during the period. Root Financial Partners LLC acquired a new position in Zscaler during the 3rd quarter worth approximately $26,000. McIlrath & Eck LLC bought a new position in Zscaler in the third quarter worth approximately $29,000. Finally, Picton Mahoney Asset Management acquired a new stake in Zscaler in the third quarter valued at approximately $30,000. Institutional investors own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America dropped their target price on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Needham & Company LLC reduced their price target on shares of Zscaler from $310.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 27th. Royal Bank Of Canada lowered their price objective on shares of Zscaler from $250.00 to $205.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Truist Financial dropped their price objective on shares of Zscaler from $350.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Finally, Capital One Financial set a $320.00 price objective on shares of Zscaler and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.13.

Zscaler Company Profile

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.