Insider Selling: Zscaler (NASDAQ:ZS) Insider Sells 2,263 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS) insider Robert Schlossman sold 2,263 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $354,363.17. Following the transaction, the insider directly owned 72,390 shares of the company’s stock, valued at $11,335,550.10. The trade was a 3.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Zscaler Price Performance

ZS traded down $0.01 on Wednesday, reaching $155.99. The company had a trading volume of 1,516,030 shares, compared to its average volume of 3,612,070. The business has a 50 day simple moving average of $180.47 and a 200 day simple moving average of $244.35. The company has a market cap of $25.08 billion, a price-to-earnings ratio of -371.40 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, Inc. has a 52-week low of $140.56 and a 52-week high of $336.99.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The business had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. During the same period in the previous year, the business posted $0.78 earnings per share. Zscaler’s revenue for the quarter was up 25.9% on a year-over-year basis. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, sell-side analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Binnacle Investments Inc bought a new stake in shares of Zscaler in the 3rd quarter valued at about $25,000. Tradewinds Capital Management LLC grew its position in Zscaler by 145.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock worth $26,000 after acquiring an additional 51 shares during the last quarter. Root Financial Partners LLC bought a new position in Zscaler during the 3rd quarter worth approximately $26,000. McIlrath & Eck LLC purchased a new position in Zscaler in the 3rd quarter worth approximately $29,000. Finally, AlphaCentric Advisors LLC bought a new stake in Zscaler in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ZS shares. Bank of America reduced their target price on Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Piper Sandler cut their price objective on Zscaler from $260.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, February 27th. BMO Capital Markets reduced their price objective on Zscaler from $315.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Citigroup decreased their price objective on Zscaler from $305.00 to $195.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, Cantor Fitzgerald dropped their target price on Zscaler from $365.00 to $300.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $267.13.

About Zscaler

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.