Zscaler (NASDAQ:ZS) Insider Robert Schlossman Sells 2,325 Shares

Key Points

• Zscaler insider Robert Schlossman sold 2,325 shares at an average price of $192.76, generating $448,167. The sale reduced his ownership by 3.36% and was conducted to cover tax withholding on vested equity awards.
• Zscaler shares traded at $197.47, with the stock up strongly from its 52-week low of $114.63 but below its $336.99 high. The company reported quarterly revenue of $898.19 million, up 24.9% year over year, and exceeded EPS expectations.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $218.38. Institutional investors own approximately 46.45% of the company.

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Robert Schlossman sold 2,325 shares of the business's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $192.76, for a total transaction of $448,167.00. Following the transaction, the insider owned 66,919 shares in the company, valued at approximately $12,899,306.44. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, July 6th, Robert Schlossman sold 122 shares of Zscaler stock. The shares were sold at an average price of $150.00, for a total transaction of $18,300.00.

Zscaler Stock Performance

ZS traded up $5.89 during trading on Thursday, reaching $197.47. The company's stock had a trading volume of 3,015,263 shares, compared to its average volume of 3,320,208. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The company's fifty day moving average price is $167.06 and its 200-day moving average price is $151.50. 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. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.10. The business had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%.The company's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. 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 analysts forecast that Zscaler, Inc. will post 0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wolfe Research reiterated an "outperform" rating and issued a $150.00 price objective on shares of Zscaler in a research report on Thursday, June 11th. Morgan Stanley upped their price target on shares of Zscaler from $145.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, September 4th. KeyCorp increased their price target on shares of Zscaler from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, August 21st. Royal Bank Of Canada raised their price objective on shares of Zscaler from $200.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. Finally, TD Cowen reissued a "buy" rating and set a $200.00 price objective on shares of Zscaler in a report on Friday, September 4th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Zscaler currently has a consensus rating of "Moderate Buy" and an average price target of $218.38.

Institutional Trading of Zscaler

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Zscaler during the 2nd quarter worth $1,396,028,000. First Trust Advisors LP grew its stake in Zscaler by 36.2% in the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company's stock valued at $493,635,000 after acquiring an additional 935,781 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Zscaler during the 2nd quarter valued at about $102,271,000. Pictet Asset Management Holding SA increased its holdings in Zscaler by 52.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company's stock valued at $269,285,000 after acquiring an additional 661,413 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Zscaler during the second quarter worth about $89,740,000. Institutional investors and hedge funds own 46.45% of the company's stock.

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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