Insider Selling: Zscaler (NASDAQ:ZS) CEO Sells $303,941.19 in Stock

Zscaler, Inc. (NASDAQ:ZSGet Free Report) CEO Jagtar Singh Chaudhry sold 1,941 shares of Zscaler stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $303,941.19. Following the completion of the transaction, the chief executive officer directly owned 345,916 shares of the company’s stock, valued at approximately $54,166,986.44. This represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Zscaler Stock Performance

Shares of ZS stock opened at $151.47 on Friday. Zscaler, Inc. has a one year low of $140.56 and a one year high of $336.99. The company’s 50-day moving average is $177.87 and its 200 day moving average is $242.86. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of -360.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90.

Zscaler (NASDAQ:ZSGet Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. Zscaler’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. Sell-side analysts expect that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Zscaler

A number of institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its holdings in Zscaler by 19.9% in the first quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock valued at $285,000 after acquiring an additional 239 shares during the period. NewEdge Advisors LLC boosted its position in Zscaler by 8.2% in the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock worth $972,000 after purchasing an additional 370 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Zscaler by 9.2% during the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock valued at $558,000 after purchasing an additional 238 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Zscaler during the 2nd quarter valued at about $252,000. Finally, Kingsview Wealth Management LLC increased its position in shares of Zscaler by 24.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 3,740 shares of the company’s stock valued at $1,174,000 after purchasing an additional 731 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

  • Positive Sentiment: Zscaler will establish a global headquarters in Santa Clara, signaling long‑term commitment and capacity to scale operations and hiring in a core tech market. Zscaler to establish global headquarters in Santa Clara
  • Positive Sentiment: Commercial/product wins: Zscaler launched an AI & Cyber Threat Research Center with Bharti Airtel and expanded global data‑sovereignty controls on its Zero Trust Exchange — moves that help win regulated and APAC customers and support ARR growth. Partnership with Bharti Airtel Data sovereignty expansion
  • Neutral Sentiment: Fundamentals: Zscaler beat February quarterly EPS and revenue estimates and provided FY/Q guidance that kept investors focused on growth vs. margin tradeoffs (guidance supports recurring revenue visibility but AI investments may pressure margins). Company overview & latest results
  • Negative Sentiment: Unusually heavy put‑option activity — about 47,656 puts traded (~74% above average), indicating elevated bearish positioning and the potential for amplified downside volatility. Options trading alert
  • Negative Sentiment: Clustered insider selling — multiple Form 4s show CEO, CFO, EVP and other senior insiders sold stock mid‑March. Collectively these sales are being read as a near‑term negative signal, even if for liquidity/tax reasons. SEC insider filing (example)
  • Negative Sentiment: Analyst pressure and competition — recent price‑target trims (Oppenheimer, BMO, Needham, Piper) and comparisons to CrowdStrike highlight faster ARR/margin momentum at some peers and growing margin pressure from Zscaler’s newer AI offerings, weighing on valuation. Price target coverage Competitive comparison

Analysts Set New Price Targets

Several equities analysts recently issued reports on ZS shares. Cantor Fitzgerald lowered their price objective on Zscaler from $365.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. KeyCorp decreased their price target on Zscaler from $300.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lowered their price target on Zscaler from $354.00 to $267.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Bank of America dropped their price objective on Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Finally, Loop Capital set a $320.00 price objective on Zscaler in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $267.13.

Check Out Our Latest Research Report on ZS

About Zscaler

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Zscaler (NASDAQ:ZS)

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