Zscaler (NASDAQ:ZS) Stock: Insider Adam Geller Sells 23,958 Shares

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 23,958 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $225.43, for a total transaction of $5,400,851.94. Following the transaction, the insider directly owned 38,308 shares in the company, valued at $8,635,772.44. The trade was a 38.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 12th, Adam Geller sold 1,042 shares of Zscaler stock. The stock was sold at an average price of $235.95, for a total value of $245,859.90.
• On Monday, September 21st, Adam Geller sold 661 shares of Zscaler stock. The stock was sold at an average price of $200.00, for a total value of $132,200.00.
• On Thursday, September 17th, Adam Geller sold 4,584 shares of Zscaler stock. The stock was sold at an average price of $192.01, for a total value of $880,173.84.
• On Wednesday, September 16th, Adam Geller sold 5,578 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total value of $1,075,215.28.

Zscaler Trading Up 1.3%

Shares of NASDAQ ZS traded up $2.88 on Tuesday, reaching $228.66. 2,965,988 shares of the company traded hands, compared to its average volume of 3,366,960. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a 50 day moving average of $187.58 and a 200 day moving average of $157.87. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $37.28 billion, a PE ratio of -586.31, a P/E/G ratio of 22.46 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million for the quarter, compared to analyst estimates of $876.96 million. During the same period in the prior year, the firm posted $0.89 EPS. The company’s revenue was up 24.9% on a year-over-year basis. 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 forecast that Zscaler, Inc. will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Burkett Financial Services LLC bought a new stake in shares of Zscaler during the 3rd quarter worth about $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Zscaler in the 4th quarter worth approximately $30,000. POM Investment Strategies LLC boosted its holdings in shares of Zscaler by 92.9% in the second quarter. POM Investment Strategies LLC now owns 218 shares of the company’s stock valued at $31,000 after acquiring an additional 105 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Zscaler by 84.3% in the third quarter. Elevation Wealth Partners LLC now owns 153 shares of the company’s stock valued at $31,000 after acquiring an additional 70 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of Zscaler during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler reaffirmed its fiscal 2027 guidance and presented a long-term framework targeting approximately $8 billion in annual recurring revenue, with additional upside from faster adoption of AI-related security products. Zscaler gains as investor-day outlook and analyst target hikes support shares
• Positive Sentiment: Analysts including TD Cowen, Baird, Stephens and Needham raised their price targets following the investor day, reinforcing confidence in Zscaler’s growth durability and its position in cybersecurity. Analyst target increases
• Positive Sentiment: Potential growth drivers include enterprise AI adoption, usage-based monetization, cross-selling to an estimated $15 billion of customer whitespace and expanding non-seat products. AI-related offerings reportedly account for about 30% of new contract value, while metered recurring revenue is growing more than 100% year over year. Zscaler growth outlook
• Neutral Sentiment: A Malaysia-based technology provider announced plans to deliver Zscaler zero-trust solutions to public-sector and government-linked customers, potentially supporting international adoption, though the financial impact was not disclosed. LinkAxia Networks partnership
• Negative Sentiment: Analysts and investors remain concerned that revenue growth could slow to roughly 17% in fiscal 2027, despite the company’s AI opportunity. The stock’s recent rally has also pushed it above the reported six-month median analyst target of $195, raising valuation and profit-taking risks. Zscaler growth slowdown analysis
• Negative Sentiment: Insiders reported 39 open-market sales and no purchases over the past six months. The selling, including transactions by senior executives, may weigh on sentiment even though it does not necessarily indicate deteriorating fundamentals.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ZS shares. KeyCorp lifted their target price on Zscaler from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Citizens Jmp boosted their price target on Zscaler from $210.00 to $265.00 and gave the company a “market outperform” rating in a research report on Friday. Needham & Company LLC upped their price target on Zscaler from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Wells Fargo & Company raised their price objective on Zscaler from $215.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Finally, Morgan Stanley raised their price objective on Zscaler from $165.00 to $185.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 7th. Thirty-five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.41.

Zscaler Company Profile

Zscaler, Inc is a cloud-based cybersecurity company that provides security services designed to help organizations connect users, applications, devices and workloads securely. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on traditional network perimeters.

The company’s offerings include Zscaler Internet Access, which helps secure internet and software-as-a-service access, and Zscaler Private Access, which provides controlled access to private applications without extending an organization’s network to remote users.