Insider Selling: Zscaler (NASDAQ:ZS) Insider Sells $247,758.00 in Stock

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 1,041 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $238.00, for a total value of $247,758.00. Following the completion of the sale, the insider directly owned 58,167 shares in the company, valued at $13,843,746. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Adam Geller also recently made the following trade(s):

• On Friday, October 9th, Adam Geller sold 23,958 shares of Zscaler stock. The stock was sold at an average price of $225.43, for a total transaction of $5,400,851.94.
• On Monday, October 12th, Adam Geller sold 1,042 shares of Zscaler stock. The stock was sold at an average price of $235.95, for a total transaction of $245,859.90.
• On Monday, September 21st, Adam Geller sold 661 shares of Zscaler stock. The stock was sold at an average price of $200.00, for a total value of $132,200.00.
• On Thursday, September 17th, Adam Geller sold 4,584 shares of Zscaler stock. The shares were sold at an average price of $192.01, for a total value of $880,173.84.
• On Wednesday, September 16th, Adam Geller sold 5,578 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total value of $1,075,215.28.

Zscaler Stock Performance

ZS stock traded up $1.30 during midday trading on Tuesday, hitting $225.09. The stock had a trading volume of 1,584,404 shares, compared to its average volume of 3,307,950. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $335.70. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65. The stock has a 50-day simple moving average of $205.03 and a 200 day simple moving average of $167.64. The firm has a market capitalization of $36.70 billion, a price-to-earnings ratio of -577.15, a P/E/G ratio of 24.32 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. During the same period last year, the firm earned $0.89 EPS. 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. As a group, equities research analysts anticipate that Zscaler, Inc. will post 0.70 earnings per share for the current year.

Institutional Trading of Zscaler

Several hedge funds have recently added to or reduced their stakes in ZS. Handelsbanken Fonder AB lifted its stake in shares of Zscaler by 89.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company’s stock worth $8,601,000 after buying an additional 28,792 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Zscaler by 6.6% during the second quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company’s stock worth $27,284,000 after acquiring an additional 11,941 shares during the last quarter. Bank of America Corp DE lifted its position in Zscaler by 44.3% during the first quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock worth $109,320,000 after acquiring an additional 239,326 shares during the last quarter. Krilogy Financial LLC boosted its holdings in shares of Zscaler by 163.0% during the third quarter. Krilogy Financial LLC now owns 11,008 shares of the company’s stock worth $2,195,000 after acquiring an additional 6,822 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Zscaler during the second quarter worth approximately $11,232,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ZS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Zscaler in a research report on Friday, September 4th. Citizens Jmp raised their price objective on shares of Zscaler from $210.00 to $265.00 and gave the stock a “market outperform” rating in a report on Friday, October 9th. Robert W. Baird lifted their target price on shares of Zscaler from $230.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, October 7th. Stephens boosted their target price on Zscaler from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Finally, TD Cowen boosted their target price on Zscaler from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Thirty-six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and an average target price of $236.65.

About Zscaler

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.