Jagtar Singh Chaudhry Sells 2,852 Shares of Zscaler (NASDAQ:ZS) Stock

Key Points

• Zscaler CEO Jagtar Singh Chaudhry sold 2,852 shares at an average price of $192.76, generating approximately $549,752. The sale covered tax withholding obligations tied to vested equity awards and reduced his stake by 0.83%.
• Zscaler shares recently traded at $197.47, while the company reported quarterly revenue of $898.19 million, up 24.9% year over year, and adjusted EPS of $1.19, exceeding analyst expectations.
• Analysts maintain a generally positive view, with 34 Buy, six Hold, and two Sell ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $218.38.

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) CEO Jagtar Chaudhry sold 2,852 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $192.76, for a total value of $549,751.52. Following the transaction, the chief executive officer owned 340,186 shares of the company's stock, valued at $65,574,253.36. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zscaler Price Performance

Shares of NASDAQ:ZS traded up $5.89 on Thursday, hitting $197.47. The stock had a trading volume of 3,015,263 shares, compared to its average volume of 3,320,208. Zscaler, Inc. has a twelve month low of $114.63 and a twelve month high of $336.99. The firm's 50 day moving average price is $167.06 and its 200-day moving average price is $151.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. 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 (NASDAQ:ZS - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%.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 company earned $0.89 EPS. Zscaler's revenue for the quarter 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 predict that Zscaler, Inc. will post 0.61 earnings per share for the current year.

Institutional Trading of Zscaler

A number of hedge funds have recently made changes to their positions in ZS. University of Texas Texas AM Investment Management Co. acquired a new stake in Zscaler during the 4th quarter valued at $30,000. Reflection Asset Management bought a new position in shares of Zscaler in the fourth quarter worth $40,000. POM Investment Strategies LLC raised its position in Zscaler by 92.9% during the second quarter. POM Investment Strategies LLC now owns 218 shares of the company's stock valued at $31,000 after purchasing an additional 105 shares in the last quarter. Western Wealth Management LLC bought a new position in Zscaler in the first quarter valued at about $33,000. Finally, Creative Financial Designs Inc. ADV increased its position in Zscaler by 26,100.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 262 shares of the company's stock worth $59,000 after purchasing an additional 261 shares in the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Canaccord Genuity Group reiterated a "buy" rating and issued a $210.00 price objective on shares of Zscaler in a research report on Friday, September 4th. Roth Capital restated a "neutral" rating and set a $170.00 target price on shares of Zscaler in a research report on Saturday, September 5th. UBS Group lowered their price objective on shares of Zscaler from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, May 27th. Wedbush assumed coverage on Zscaler in a research note on Friday, September 11th. They set an "outperform" rating and a $215.00 target price for the company. Finally, Scotiabank reissued an "outperform" rating on shares of Zscaler in a research note on Friday, September 4th. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $218.38.

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.

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