Zscaler, Inc. (NASDAQ:ZS – Get Free Report) CFO Kevin Rubin sold 3,000 shares of Zscaler stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $124.22, for a total value of $372,660.00. Following the transaction, the chief financial officer owned 41,901 shares of the company’s stock, valued at $5,204,942.22. The trade was a 6.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kevin Rubin also recently made the following trade(s):
- On Tuesday, June 16th, Kevin Rubin sold 1,686 shares of Zscaler stock. The shares were sold at an average price of $126.43, for a total value of $213,160.98.
Zscaler Stock Performance
Shares of ZS traded up $8.46 during mid-day trading on Friday, reaching $132.26. The company’s stock had a trading volume of 3,669,949 shares, compared to its average volume of 3,684,399. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99. The stock has a market cap of $21.39 billion, a P/E ratio of -275.54, a PEG ratio of 79.57 and a beta of 0.97. The business has a 50-day simple moving average of $141.56 and a two-hundred day simple moving average of $169.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72.
Hedge Funds Weigh In On Zscaler
A number of hedge funds have recently bought and sold shares of ZS. Vanguard Group Inc. grew its position in shares of Zscaler by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock worth $2,569,357,000 after purchasing an additional 55,521 shares in the last quarter. Groupama Asset Managment raised its position in shares of Zscaler by 76,352.6% in the third quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock valued at $1,423,385,000 after buying an additional 4,743,787 shares in the last quarter. First Trust Advisors LP boosted its stake 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 period. Price T Rowe Associates Inc. MD grew its position in Zscaler by 43.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock worth $578,576,000 after buying an additional 777,414 shares in the last quarter. Finally, State Street Corp grew its position in Zscaler by 3.4% during the fourth quarter. State Street Corp now owns 2,337,604 shares of the company’s stock worth $525,774,000 after buying an additional 77,800 shares in the last quarter. 46.45% of the stock is owned by institutional investors.
Key Zscaler News
Here are the key news stories impacting Zscaler this week:
- Positive Sentiment: Zscaler announced a multi-year partnership with the Aston Martin Aramco Formula One Team, which will use Zscaler’s Zero Trust Exchange platform to secure sensitive design, strategy and telemetry data. The deal highlights Zscaler’s relevance in mission-critical cybersecurity and may boost confidence in its enterprise pipeline. Article: Racing Innovation Meets Zero Trust: Aston Martin Aramco Formula One™ Team and Zscaler Redefine Speed and Security
- Positive Sentiment: CEO comments across several interviews emphasized that AI is creating a major new opportunity for cybersecurity and could improve bug detection, reinforcing the long-term growth narrative for Zscaler as AI drives more demand for cloud security. Article: AI creates biggest cybersecurity opportunity in years: Zscaler CEO
- Neutral Sentiment: Recent coverage noted that Zscaler has risen modestly since its last earnings report, reflecting ongoing investor interest after results and guidance that already showed solid revenue growth. Article: Why Is Zscaler (ZS) Up 0.7% Since Last Earnings Report?
- Neutral Sentiment: One headline reported a large increase in short interest, but the figures shown were zero shares and zero days to cover, suggesting the report is likely not materially informative for investors.
- Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Zscaler investors, which can create overhang and add caution around the stock even if no wrongdoing has been established. Article: INVESTOR ALERT: Pomerantz Law Firm Investigates Claim On Behalf of Investors of Zscaler, Inc. – ZS
- Negative Sentiment: A separate report noted insider selling by Adam Geller, which may weigh on sentiment if investors view it as a lack of near-term upside confidence. Article: Adam Geller Sells 2,817 Shares of Zscaler (NASDAQ:ZS) Stock
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on ZS. Barclays dropped their price objective on shares of Zscaler from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. B. Riley Financial decreased their price target on shares of Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. BMO Capital Markets lowered their price target on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. The Goldman Sachs Group restated a “neutral” rating and set a $179.00 price objective on shares of Zscaler in a research report on Wednesday, May 27th. Finally, Citigroup restated a “market outperform” rating on shares of Zscaler in a report on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and an average price target of $213.97.
Check Out Our Latest Report on ZS
Zscaler Company Profile
Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.
Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.
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