Zscaler (NASDAQ:ZS) CFO Sells $87,210.14 in Stock

Zscaler, Inc. (NASDAQ:ZS) CFO Kevin Rubin sold 503 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $173.38, for a total transaction of $87,210.14. Following the transaction, the chief financial officer owned 40,895 shares in the company, valued at approximately $7,090,375.10. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 27th, Kevin Rubin sold 503 shares of Zscaler stock. The stock was sold at an average price of $147.12, for a total transaction of $74,001.36.
• On Thursday, June 25th, Kevin Rubin sold 3,000 shares of Zscaler stock. The stock was sold at an average price of $124.22, for a total value of $372,660.00.
• 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 NASDAQ ZS opened at $184.23 on Friday. The business’s 50-day moving average price is $156.19 and its two-hundred day moving average price is $150.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. Zscaler, Inc. has a one year low of $114.63 and a one year high of $336.99. The company has a market capitalization of $29.79 billion, a P/E ratio of -383.80, a price-to-earnings-growth ratio of 110.24 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07. Zscaler had a negative return on equity of 0.37% and a negative net margin of 2.44%.The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same period in the prior year, the firm posted $0.84 EPS. The business’s revenue was up 25.4% compared to the same quarter last year. Analysts anticipate that Zscaler, Inc. will post 0.13 earnings per share for the current fiscal year.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: J.P. Morgan initiated or reiterated a Buy rating on Zscaler and raised its price target to $215 from $205, suggesting meaningful upside and confidence in the company’s long-term cloud-security growth. Zscaler gets a Buy from J.P. Morgan
• Positive Sentiment: Zscaler participated in Deep Cogito’s $43 million Series A financing for research into self-improving artificial-intelligence models. The investment could strengthen Zscaler’s exposure to enterprise AI, although it is unlikely to materially affect near-term earnings. Deep Cogito raises $43 million Series A
• Positive Sentiment: A broader cybersecurity re-rating has lifted previously lagging stocks, with Zscaler benefiting from increased investor interest in security software and AI-related growth. The move was accompanied by a strong gain in the First Trust NASDAQ Cybersecurity ETF. Cybersecurity re-rating reaches lagging stocks
• Neutral Sentiment: Zscaler is expected to report quarterly results on Thursday. Its prior quarter featured a revenue and adjusted EPS beat, with revenue up 25.4% year over year, but investors will look for sustained billings, guidance, and AI-driven demand before extending the recent rally. Zscaler expected to announce quarterly earnings
• Neutral Sentiment: The broader market may remain sensitive to next week’s August jobs report and its implications for Federal Reserve policy, interest rates, and valuation multiples for high-growth technology stocks. August jobs report takes center stage
• Negative Sentiment: CFO Kevin Rubin sold 503 shares worth approximately $87,210 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only about 1.2%, making it a limited sentiment concern rather than a fundamental warning. Zscaler CFO sells stock

Wall Street Analysts Forecast Growth

ZS has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on shares of Zscaler from $180.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Truist Financial set a $210.00 target price on shares of Zscaler in a research note on Wednesday, May 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Zscaler in a research report on Wednesday, June 10th. Barclays increased their price target on shares of Zscaler from $170.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, BMO Capital Markets cut 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. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $216.18.

Institutional Investors Weigh In On Zscaler

A number of hedge funds have recently bought and sold shares of the company. Amundi lifted its position in shares of Zscaler by 12.8% during the 2nd quarter. Amundi now owns 1,137,837 shares of the company’s stock worth $160,606,000 after purchasing an additional 129,563 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Zscaler during the 2nd quarter valued at approximately $3,588,000. California State Teachers Retirement System grew its holdings in Zscaler by 13,837.9% in the 2nd quarter. California State Teachers Retirement System now owns 19,388,787 shares of the company’s stock valued at $2,736,727,000 after buying an additional 19,249,679 shares during the last quarter. POM Investment Strategies LLC grew its holdings in Zscaler by 92.9% in 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 last quarter. Finally, HB Wealth Management LLC grew its holdings in Zscaler by 16.2% in the 2nd quarter. HB Wealth Management LLC now owns 3,182 shares of the company’s stock valued at $449,000 after buying an additional 443 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

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.