Zscaler (NASDAQ:ZS) Stock: Insider Kevin Rubin Sells 519 Shares

Key Points

• Zscaler CFO Kevin Rubin sold 519 shares for approximately $102,388 under a pre-arranged Rule 10b5-1 trading plan, reducing his position by 1.2% to 42,768 shares.
• Zscaler shares recently traded at $199.39, up $6.34, with the stock’s 50-day and 200-day moving averages at $175.23 and $153.83, respectively.
• The company exceeded quarterly expectations, reporting $1.19 in adjusted earnings per share and $898.19 million in revenue, while analysts maintained a “Moderate Buy” consensus with an average price target of $219.28.

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) CFO Kevin Rubin sold 519 shares of the company's stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $197.28, for a total value of $102,388.32. Following the sale, the chief financial officer owned 42,768 shares in the company, valued at $8,437,271.04. The trade was a 1.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kevin Rubin also recently made the following trade(s):

• On Wednesday, September 16th, Kevin Rubin sold 5,957 shares of Zscaler stock. The stock was sold at an average price of $192.76, for a total value of $1,148,271.32.
• On Tuesday, August 25th, Kevin Rubin sold 503 shares of Zscaler stock. The stock was sold at an average price of $173.38, for a total value of $87,210.14.
• On Monday, July 27th, Kevin Rubin sold 503 shares of Zscaler stock. The shares were sold at an average price of $147.12, for a total value of $74,001.36.

Zscaler Stock Performance

Shares of ZS stock traded up $6.34 on Monday, hitting $199.39. 3,781,477 shares of the stock traded hands, compared to its average volume of 3,803,179. The company's fifty day moving average is $175.23 and its 200 day moving average is $153.83. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The company has a market capitalization of $32.51 billion, a PE ratio of -511.26, a PEG ratio of 20.12 and a beta of 0.95. 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 (NASDAQ:ZS - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm's revenue for the quarter was up 24.9% compared to the same quarter last year. 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 0.7 earnings per share for the current fiscal year.

Institutional Trading of Zscaler

Hedge funds and other institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd boosted its stake in Zscaler by 56.5% during the second quarter. WINTON GROUP Ltd now owns 4,890 shares of the company's stock valued at $690,000 after buying an additional 1,765 shares in the last quarter. NewEdge Advisors LLC raised its position in Zscaler by 7.8% in the second quarter. NewEdge Advisors LLC now owns 4,626 shares of the company's stock worth $653,000 after acquiring an additional 336 shares in the last quarter. Hudock Inc. bought a new stake in Zscaler in the second quarter worth about $311,000. Allworth Financial LP lifted its holdings in Zscaler by 7.7% in the 2nd quarter. Allworth Financial LP now owns 3,578 shares of the company's stock valued at $505,000 after acquiring an additional 256 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Zscaler by 6.4% during the 2nd quarter. Arizona State Retirement System now owns 29,965 shares of the company's stock valued at $4,230,000 after purchasing an additional 1,799 shares in the last quarter. Institutional investors own 46.45% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. BTIG Research reissued a "neutral" rating on shares of Zscaler in a report on Friday, September 4th. Royal Bank Of Canada raised their target price on Zscaler from $210.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday. Cantor Fitzgerald restated an "overweight" rating and set a $225.00 price target on shares of Zscaler in a research report on Friday, September 4th. Barclays lifted their price objective on shares of Zscaler from $192.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Finally, KeyCorp boosted their price objective on Zscaler from $185.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, August 21st. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $219.28.

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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