Zscaler (NASDAQ:ZS) Insider Sells $2,140,823.42 in Stock

Key Points

• Insider Robert Schlossman sold 7,006 shares of Zscaler stock for approximately $2.14 million, decreasing his ownership by 8.43% to 76,132 shares.
• Zscaler reported $0.89 EPS for the last quarter, exceeding analyst expectations and reflecting a 21.3% increase in revenue year-over-year.
• Several institutions have recently increased their holdings in Zscaler, with about 46.45% of the stock currently owned by institutional investors.

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) insider Robert Schlossman sold 7,006 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total value of $2,140,823.42. Following the sale, the insider owned 76,132 shares of the company's stock, valued at approximately $23,263,655.24. This represents a 8.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, September 16th, Robert Schlossman sold 3,832 shares of Zscaler stock. The shares were sold at an average price of $280.70, for a total value of $1,075,642.40.

Zscaler Stock Up 1.0%

Shares of NASDAQ ZS traded up $3.05 during midday trading on Thursday, hitting $307.58. 1,246,451 shares of the stock traded hands, compared to its average volume of 1,584,317. The company has a market cap of $48.69 billion, a PE ratio of -1,139.19 and a beta of 1.06. Zscaler, Inc. has a one year low of $164.78 and a one year high of $318.46. The business has a 50 day moving average price of $281.80 and a two-hundred day moving average price of $262.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.09. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. Zscaler's revenue was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, equities analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Zscaler

Several institutional investors have recently modified their holdings of ZS. Corient Private Wealth LLC boosted its holdings in Zscaler by 2.2% during the 2nd quarter. Corient Private Wealth LLC now owns 31,715 shares of the company's stock valued at $9,955,000 after acquiring an additional 672 shares during the period. CacheTech Inc. purchased a new stake in Zscaler during the 2nd quarter valued at about $235,000. Adams Wealth Management purchased a new stake in Zscaler during the 2nd quarter valued at about $235,000. Caldwell Trust Co purchased a new stake in Zscaler during the 2nd quarter valued at about $63,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Zscaler in the 2nd quarter worth approximately $217,000. 46.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. KeyCorp upped their price target on Zscaler from $345.00 to $350.00 and gave the company an "overweight" rating in a research report on Wednesday, September 3rd. Piper Sandler upped their price target on Zscaler from $260.00 to $280.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. upped their price target on Zscaler from $348.00 to $351.00 and gave the company an "overweight" rating in a research report on Wednesday, September 3rd. BMO Capital Markets increased their price objective on Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a report on Wednesday, September 3rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $340.00 price objective on shares of Zscaler in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $307.43.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

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