Zscaler (NASDAQ:ZS) Insider Sells $132,200.00 in Stock

Key Points

• Insider sale: Adam Geller sold 661 Zscaler shares for $132,200 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 1.7% to 38,308 shares. He also sold more than $1.95 million of shares in two earlier September transactions.
• Recent performance: Zscaler shares rose to $207.13, while the company reported quarterly EPS of $1.19 and revenue of $898.19 million, exceeding analyst expectations. Revenue increased 24.9% year over year.
• Investor outlook: Institutional investors own 46.45% of the company, and analysts maintain a “Moderate Buy” consensus with an average price target of $218.38.

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Adam Geller sold 661 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $200.00, for a total transaction of $132,200.00. Following the completion of the sale, the insider owned 38,308 shares in the company, valued at $7,661,600. The trade was a 1.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Adam Geller also recently made the following trade(s):

• On Thursday, September 17th, Adam Geller sold 4,584 shares of Zscaler stock. The shares were sold at an average price of $192.01, for a total transaction of $880,173.84.
• On Wednesday, September 16th, Adam Geller sold 5,578 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total transaction of $1,075,215.28.

Zscaler Stock Performance

Shares of NASDAQ ZS traded up $9.82 during trading on Monday, reaching $207.13. 2,539,705 shares of the company traded hands, compared to its average volume of 3,399,358. The stock has a market cap of $33.77 billion, a P/E ratio of -531.10, a PEG ratio of 23.74 and a beta of 0.95. The firm's fifty day simple moving average is $168.22 and its 200 day simple moving average is $151.84. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its 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. The firm had revenue of $898.19 million for 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 was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. 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 anticipate that Zscaler, Inc. will post 0.61 earnings per share for the current fiscal year.

Institutional Trading of Zscaler

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Zscaler during the 2nd quarter worth about $1,396,028,000. First Trust Advisors LP boosted its holdings in Zscaler by 36.2% in the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company's stock worth $493,635,000 after buying an additional 935,781 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Zscaler by 5.0% in the 4th 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 last quarter. Pictet Asset Management Holding SA increased its stake 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 worth $269,285,000 after buying an additional 661,413 shares in the last quarter. Finally, Amundi increased its stake in Zscaler by 12.8% during the 2nd quarter. Amundi now owns 1,137,837 shares of the company's stock worth $160,606,000 after buying an additional 129,563 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ZS shares. TD Cowen reaffirmed a "buy" rating and set a $200.00 price objective on shares of Zscaler in a research note on Friday, September 4th. Piper Sandler lifted their price objective on shares of Zscaler from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Friday, September 4th. Stephens set a $215.00 target price on shares of Zscaler in a research note on Friday, September 4th. B. Riley Financial cut their price target on Zscaler from $225.00 to $215.00 and set a "buy" rating for the company in a research note on Wednesday, May 27th. Finally, Barclays increased their price target on Zscaler from $192.00 to $200.00 and gave the stock an "overweight" rating in a research report on Friday, September 4th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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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