Zscaler (NASDAQ:ZS) CEO Jagtar Singh Chaudhry Sells 2,852 Shares

Zscaler, Inc. (NASDAQ:ZS) CEO Jagtar Chaudhry sold 2,852 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total transaction of $549,751.52. Following the completion of the transaction, the chief executive officer owned 340,186 shares of the company’s stock, valued at approximately $65,574,253.36. This trade represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zscaler Trading Up 3.1%

ZS traded up $5.89 during trading on Thursday, reaching $197.47. 3,015,263 shares of the company’s stock were exchanged, compared to its average volume of 3,320,208. 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 one year low of $114.63 and a one year high of $336.99. The firm has a fifty day moving average price of $167.06 and a two-hundred day moving average price of $151.50. The stock has a market capitalization of $32.20 billion, a PE ratio of -506.33, a price-to-earnings-growth ratio of 23.05 and a beta of 0.95.

Zscaler (NASDAQ:ZS) last issued its quarterly 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 company had revenue of $898.19 million for the quarter, compared to analyst estimates of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. Zscaler’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous 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, equities research analysts forecast that Zscaler, Inc. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ZS shares. Citigroup lifted their price target on shares of Zscaler from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, September 8th. Jefferies Financial Group reissued a “buy” rating and issued a $220.00 price target on shares of Zscaler in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Zscaler in a research report on Friday, September 4th. Berenberg Bank set a $200.00 price objective on shares of Zscaler in a research report on Thursday, May 28th. Finally, B. Riley Financial lowered their price objective on Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Thirty-four 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $218.38.

Institutional Investors Weigh In On Zscaler

Several hedge funds have recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Zscaler during the 4th quarter worth $30,000. Reflection Asset Management bought a new stake in Zscaler in the fourth quarter valued at approximately $40,000. POM Investment Strategies LLC boosted its position in Zscaler by 92.9% during the 2nd quarter. POM Investment Strategies LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 105 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Zscaler during the first quarter worth about $33,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Zscaler by 26,100.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 262 shares of the company’s stock worth $59,000 after buying an additional 261 shares during the period. 46.45% of the stock is currently owned by institutional investors.

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.