Zscaler (NASDAQ:ZS) Insider Sells $880,173.84 in Stock

Key Points

• Zscaler insider Adam Geller sold 4,584 shares for $880,173.84, reducing his position by 10.53%; the Rule 10b5-1 transaction covered tax withholding tied to vested equity awards.
• Zscaler reported quarterly results above expectations, with EPS of $1.19 versus the $1.09 estimate and revenue of $898.19 million, up 24.9% year over year.
• Wall Street maintains a generally positive outlook: the stock has a consensus “Moderate Buy” rating and a $218.38 price target, compared with a recent trading price of $197.47.

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Adam Geller sold 4,584 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $192.01, for a total transaction of $880,173.84. Following the transaction, the insider owned 38,969 shares in the company, valued at approximately $7,482,437.69. The trade was a 10.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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.
• On Monday, June 22nd, Adam Geller sold 2,817 shares of Zscaler stock. The shares were sold at an average price of $122.60, for a total transaction of $345,364.20.

Zscaler Price Performance

Shares of ZS stock traded up $5.89 during trading on Thursday, hitting $197.47. The company had a trading volume of 3,015,263 shares, compared to its average volume of 3,320,208. The firm has a market capitalization of $32.20 billion, a P/E ratio of -506.33, a price-to-earnings-growth ratio of 23.05 and a beta of 0.95. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. 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 stock's 50-day moving average price is $167.06 and its 200 day moving average price is $151.50.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $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. Equities analysts expect that Zscaler, Inc. will post 0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ZS. Needham & Company LLC upped their price objective on shares of Zscaler from $180.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, September 4th. Berenberg Bank set a $200.00 target price on shares of Zscaler in a report on Thursday, May 28th. Truist Financial set a $210.00 target price on shares of Zscaler in a research report on Wednesday, May 27th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $179.00 price target on shares of Zscaler in a report on Wednesday, May 27th. Finally, Guggenheim reiterated a "buy" rating and set a $214.00 price target on shares of Zscaler 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 given a Sell rating to the stock. According to data from MarketBeat, Zscaler presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Zscaler during the second quarter worth about $1,396,028,000. First Trust Advisors LP boosted its stake in shares of 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 purchasing an additional 935,781 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Zscaler by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company's stock valued at $464,783,000 after purchasing an additional 98,140 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of 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 purchasing an additional 661,413 shares during the last quarter. Finally, Amundi grew its holdings in shares of Zscaler by 12.8% during the 2nd quarter. Amundi now owns 1,137,837 shares of the company's stock valued at $160,606,000 after purchasing an additional 129,563 shares during the last quarter. Institutional investors own 46.45% of the company's stock.

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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