Insider Selling: Zscaler (NASDAQ:ZS) CEO Sells $363,865.54 in Stock

Zscaler, Inc. (NASDAQ:ZS) CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the sale, the chief executive officer owned 343,038 shares of the company’s stock, valued at $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zscaler Stock Performance

NASDAQ:ZS opened at $124.85 on Friday. Zscaler, Inc. has a 1 year low of $114.63 and a 1 year high of $336.99. The firm’s fifty day simple moving average is $141.25 and its 200 day simple moving average is $172.99. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $20.19 billion, a PE ratio of -260.10, a PEG ratio of 78.06 and a beta of 0.97.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. The firm had revenue of $850.48 million for the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. On average, sell-side analysts anticipate that Zscaler, Inc. will post 0.11 EPS for the current year.

Hedge Funds Weigh In On Zscaler

Several hedge funds and other institutional investors have recently modified their holdings of ZS. Binnacle Investments Inc bought a new stake in Zscaler in the third quarter valued at $25,000. AlphaCentric Advisors LLC acquired a new position in Zscaler during the fourth quarter worth $29,000. Picton Mahoney Asset Management bought a new position in shares of Zscaler during the third quarter valued at $30,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Zscaler during the fourth quarter valued at $30,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Zscaler in the 4th quarter valued at $32,000. Institutional investors own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ZS. UBS Group cut their price objective on Zscaler from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 target price on shares of Zscaler in a report on Wednesday, June 10th. Berenberg Bank set a $200.00 price target on Zscaler in a research report on Thursday, May 28th. Scotiabank cut their price target on Zscaler from $190.00 to $175.00 and set a “sector outperform” rating for the company in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $179.00 price objective on shares of Zscaler in a research report on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $214.33.

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.