Zscaler (NASDAQ:ZS) Insider Sells $1,078,800.00 in Stock

Key Points

• Zscaler insider Robert Schlossman sold 5,394 shares for approximately $1.08 million at $200 per share under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 8.06%.
• Zscaler shares rose 5% to $207.13, while the company reported quarterly revenue of $898.19 million and adjusted EPS of $1.19, exceeding analyst estimates; revenue increased 24.9% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $218.38, although ratings range from “Strong Sell” to “Buy.”

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Robert Schlossman sold 5,394 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $200.00, for a total value of $1,078,800.00. Following the sale, the insider owned 61,525 shares in the company, valued at approximately $12,305,000. This trade represents a 8.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 16th, Robert Schlossman sold 2,325 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total value of $448,167.00.
• On Monday, July 6th, Robert Schlossman sold 122 shares of Zscaler stock. The stock was sold at an average price of $150.00, for a total value of $18,300.00.

Zscaler Stock Up 5.0%

Shares of ZS stock traded up $9.82 during trading hours on Monday, reaching $207.13. 2,539,705 shares of the stock were exchanged, compared to its average volume of 3,399,358. The business's fifty day moving average is $168.22 and its two-hundred day moving average is $151.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The firm has a market capitalization of $33.77 billion, a P/E ratio of -531.10, a P/E/G ratio of 23.74 and a beta of 0.95.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly 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. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The company had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm's quarterly 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. As a group, research analysts expect that Zscaler, Inc. will post 0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Evercore set a $155.00 target price on shares of Zscaler and gave the stock an "in-line" rating in a research note on Wednesday, May 27th. Royal Bank Of Canada upped their target price on shares of Zscaler from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, September 4th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 target price on shares of Zscaler in a research report on Wednesday, September 2nd. Zacks Research lowered shares of Zscaler from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 3rd. Finally, Berenberg Bank set a $200.00 price target on shares of Zscaler in a research report on Thursday, May 28th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Zscaler presently has a consensus rating of "Moderate Buy" and an average target price of $218.38.

Hedge Funds Weigh In On Zscaler

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Zscaler during the 2nd quarter worth $1,396,028,000. First Trust Advisors LP raised its holdings in shares of Zscaler by 36.2% in the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company's stock valued at $493,635,000 after buying an additional 935,781 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Zscaler by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company's stock worth $464,783,000 after buying an additional 98,140 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of Zscaler by 52.5% during the first quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company's stock worth $269,285,000 after buying an additional 661,413 shares during the period. Finally, Amundi grew its holdings in shares of Zscaler by 12.8% during the second quarter. Amundi now owns 1,137,837 shares of the company's stock worth $160,606,000 after buying an additional 129,563 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Company Profile

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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