Robert Schlossman Sells 5,394 Shares of Zscaler (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS) insider Robert Schlossman sold 5,394 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $200.00, for a total value of $1,078,800.00. Following the completion of the transaction, the insider directly owned 61,525 shares in the company, valued at approximately $12,305,000. The trade was a 8.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 16th, Robert Schlossman sold 2,325 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total transaction of $448,167.00.
• On Monday, July 6th, Robert Schlossman sold 122 shares of Zscaler stock. The stock was sold at an average price of $150.00, for a total transaction of $18,300.00.

Zscaler Stock Performance

Shares of ZS stock traded up $9.82 during mid-day trading on Monday, hitting $207.13. The stock had a trading volume of 2,539,705 shares, compared to its average volume of 3,399,358. The firm has a market cap of $33.77 billion, a PE ratio of -531.10, a PEG ratio of 23.74 and a beta of 0.95. The company’s 50-day simple moving average is $168.22 and its 200-day simple moving average is $151.84. 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, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.10. The firm had revenue of $898.19 million during the quarter, compared to analysts’ expectations of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the prior year, the company 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. Sell-side analysts anticipate that Zscaler, Inc. will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZS has been the subject of several recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $179.00 price target on shares of Zscaler in a report on Wednesday, May 27th. Weiss Ratings cut Zscaler from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, September 10th. Roth Capital reissued a “neutral” rating and issued a $170.00 target price on shares of Zscaler in a report on Saturday, September 5th. B. Riley Financial decreased their target price on shares of Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price target on shares of Zscaler in a research note on Friday, September 4th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.38.

Hedge Funds Weigh In On Zscaler

Several hedge funds and other institutional investors have recently bought and sold shares of ZS. BlackRock Inc. purchased a new stake in Zscaler during the second quarter worth $1,396,028,000. First Trust Advisors LP increased its position in shares of Zscaler by 36.2% in the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after buying an additional 935,781 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Zscaler by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock valued at $464,783,000 after buying an additional 98,140 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Zscaler by 52.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock worth $269,285,000 after buying an additional 661,413 shares in the last quarter. Finally, Amundi boosted its position in shares of Zscaler by 12.8% in the 2nd quarter. Amundi now owns 1,137,837 shares of the company’s stock worth $160,606,000 after buying an additional 129,563 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

About Zscaler

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.