Kevin Rubin Sells 503 Shares of Zscaler (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS) CFO Kevin Rubin sold 503 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $173.38, for a total value of $87,210.14. Following the completion of the transaction, the chief financial officer directly owned 40,895 shares in the company, valued at approximately $7,090,375.10. This represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 27th, Kevin Rubin sold 503 shares of Zscaler stock. The shares were sold at an average price of $147.12, for a total value of $74,001.36.
• On Thursday, June 25th, Kevin Rubin sold 3,000 shares of Zscaler stock. The shares were sold at an average price of $124.22, for a total value of $372,660.00.
• On Tuesday, June 16th, Kevin Rubin sold 1,686 shares of Zscaler stock. The stock was sold at an average price of $126.43, for a total transaction of $213,160.98.

Zscaler Stock Up 10.0%

Shares of NASDAQ:ZS opened at $187.30 on Friday. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The company’s 50-day moving average price is $155.00 and its two-hundred day moving average price is $150.13. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The firm has a market cap of $30.29 billion, a P/E ratio of -390.20, a P/E/G ratio of 100.24 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company had revenue of $850.48 million during the quarter, compared to the consensus estimate of $835.14 million. During the same period in the previous year, the firm posted $0.84 earnings per share. The company’s revenue was up 25.4% on a year-over-year basis. As a group, research analysts forecast that Zscaler, Inc. will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Zscaler

Several large investors have recently bought and sold shares of ZS. Binnacle Investments Inc bought a new position in Zscaler in the third quarter valued at approximately $25,000. AlphaCentric Advisors LLC bought a new stake in shares of Zscaler during the 4th quarter valued at $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Zscaler in the 4th quarter valued at $30,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Zscaler in the 4th quarter valued at $32,000. Finally, Strive Financial Group LLC bought a new position in shares of Zscaler in the 4th quarter worth $39,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler News Summary

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: A broad cybersecurity-sector re-rating lifted Zscaler and other previously underperforming security stocks. The First Trust NASDAQ Cybersecurity ETF also advanced strongly, suggesting investors are buying the group rather than focusing only on ZS. Cybersecurity sector re-rating
• Positive Sentiment: J.P. Morgan assigned Zscaler a “buy” or “overweight” view and raised its price target from $205 to $215. The higher target reinforces expectations for additional upside and was a direct bullish catalyst. J.P. Morgan upgrades Zscaler
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing. The investment provides exposure to a developer of self-improving AI models and supports Zscaler’s broader enterprise-AI positioning, although it is unlikely to materially affect near-term earnings. Deep Cogito financing
• Neutral Sentiment: Investors are awaiting Zscaler’s quarterly earnings announcement. The company previously exceeded consensus estimates for earnings and revenue, but the upcoming report must validate expectations for continued growth in cloud security and AI-related demand. Zscaler earnings announcement
• Negative Sentiment: Evercore placed Zscaler on its tactical “underperform” list ahead of results, indicating that valuation and elevated growth expectations could create downside risk if the earnings outlook disappoints. Evercore underperform view
• Negative Sentiment: CFO Kevin Rubin sold 503 shares worth approximately $87,210 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by about 1.2% and is a modest negative signal, though the planned nature and small size limit its significance. Zscaler CFO stock sale

Analyst Upgrades and Downgrades

ZS has been the subject of several research analyst reports. TD Cowen boosted their price objective on shares of Zscaler from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Citizens Jmp decreased their price objective on Zscaler from $290.00 to $210.00 and set a “market outperform” rating on the stock in a research report on Friday, May 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Zscaler in a research note on Tuesday, June 9th. Needham & Company LLC restated a “buy” rating and set a $180.00 target price on shares of Zscaler in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. boosted their target price on Zscaler from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday. Thirty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.18.

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.