Insider Selling: Zscaler (NASDAQ:ZS) CFO Sells $1,148,271.32 in Stock

Zscaler, Inc. (NASDAQ:ZS) CFO Kevin Rubin sold 5,957 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total transaction of $1,148,271.32. Following the transaction, the chief financial officer owned 43,287 shares in the company, valued at approximately $8,344,002.12. This trade represents a 12.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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.
• 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.
• On Thursday, June 25th, Kevin Rubin sold 3,000 shares of Zscaler stock. The stock was sold at an average price of $124.22, for a total transaction of $372,660.00.

Zscaler Stock Performance

Zscaler stock traded up $5.89 during mid-day trading on Thursday, reaching $197.47. 3,015,263 shares of the company traded hands, compared to its average volume of 3,320,208. The firm’s fifty day moving average is $167.06 and its two-hundred day moving average is $151.50. The company has a market capitalization of $32.20 billion, a price-to-earnings ratio of -506.33, a price-to-earnings-growth ratio of 23.05 and a beta of 0.95. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week 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.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.09 by $0.10. The business had revenue of $898.19 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the firm 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, equities research analysts expect that Zscaler, Inc. will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zscaler

A number of institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its position in Zscaler by 18.8% during the second quarter. Parkside Financial Bank & Trust now owns 417 shares of the company’s stock valued at $59,000 after buying an additional 66 shares during the period. Koshinski Asset Management Inc. raised its position in shares of Zscaler by 2.7% in the first quarter. Koshinski Asset Management Inc. now owns 3,036 shares of the company’s stock worth $426,000 after acquiring an additional 79 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Zscaler by 2.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,106 shares of the company’s stock worth $908,000 after acquiring an additional 80 shares during the period. Parallel Advisors LLC boosted its stake in shares of Zscaler by 12.3% during the 1st quarter. Parallel Advisors LLC now owns 793 shares of the company’s stock worth $111,000 after acquiring an additional 87 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Zscaler by 1.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 8,707 shares of the company’s stock worth $1,222,000 after acquiring an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ZS. BTIG Research reiterated a “neutral” rating on shares of Zscaler in a research note on Friday, September 4th. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price objective on shares of Zscaler in a research note on Wednesday, September 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of Zscaler in a report on Friday, September 4th. Zacks Research lowered Zscaler from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 3rd. Finally, Guggenheim reiterated a “buy” rating and issued a $214.00 price target on shares of Zscaler in a report on Friday, September 4th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.38.

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.