Insider Selling: Zscaler (NASDAQ:ZS) Insider Sells $5,400,851.94 in Stock

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 23,958 shares of Zscaler stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $225.43, for a total transaction of $5,400,851.94. Following the completion of the sale, the insider directly owned 38,308 shares in the company, valued at approximately $8,635,772.44. The trade was a 38.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction 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 transaction 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 traded up $2.88 during trading on Tuesday, reaching $228.66. The company’s stock had a trading volume of 2,965,988 shares, compared to its average volume of 3,366,960. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The company’s fifty day moving average price is $187.58 and its 200-day moving average price is $157.87. Zscaler, Inc. has a 52-week low of $114.63 and a 52-week high of $336.99. The company has a market capitalization of $37.28 billion, a price-to-earnings ratio of -586.31, a price-to-earnings-growth ratio of 22.46 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. The business had revenue of $898.19 million during the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, equities analysts forecast that Zscaler, Inc. will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of Zscaler

Large investors have recently modified their holdings of the business. Sax Wealth Advisors LLC acquired a new position in shares of Zscaler during the 3rd quarter worth approximately $312,000. NorthCrest Asset Manangement LLC acquired a new stake in Zscaler during the 3rd quarter valued at $1,437,000. Perpetual Ltd increased its position in Zscaler by 50.0% during the third quarter. Perpetual Ltd now owns 4,409 shares of the company’s stock worth $879,000 after buying an additional 1,470 shares in the last quarter. Riversedge Advisors LLC purchased a new position in Zscaler during the third quarter worth $275,000. Finally, Wedmont Private Capital purchased a new position in Zscaler during the third quarter worth $246,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Zscaler from $215.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Needham & Company LLC raised their price objective on shares of Zscaler from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. Truist Financial reissued a “buy” rating and set a $250.00 price objective (up from $200.00) on shares of Zscaler in a report on Wednesday, October 7th. BMO Capital Markets upped their target price on shares of Zscaler from $178.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Finally, Weiss Ratings raised shares of Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. Thirty-five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $239.41.

More Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler reaffirmed its fiscal 2027 guidance and presented a long-term framework targeting approximately $8 billion in annual recurring revenue, with additional upside from faster adoption of AI-related security products. Zscaler gains as investor-day outlook and analyst target hikes support shares
• Positive Sentiment: Analysts including TD Cowen, Baird, Stephens and Needham raised their price targets following the investor day, reinforcing confidence in Zscaler’s growth durability and its position in cybersecurity. Analyst target increases
• Positive Sentiment: Potential growth drivers include enterprise AI adoption, usage-based monetization, cross-selling to an estimated $15 billion of customer whitespace and expanding non-seat products. AI-related offerings reportedly account for about 30% of new contract value, while metered recurring revenue is growing more than 100% year over year. Zscaler growth outlook
• Neutral Sentiment: A Malaysia-based technology provider announced plans to deliver Zscaler zero-trust solutions to public-sector and government-linked customers, potentially supporting international adoption, though the financial impact was not disclosed. LinkAxia Networks partnership
• Negative Sentiment: Analysts and investors remain concerned that revenue growth could slow to roughly 17% in fiscal 2027, despite the company’s AI opportunity. The stock’s recent rally has also pushed it above the reported six-month median analyst target of $195, raising valuation and profit-taking risks. Zscaler growth slowdown analysis
• Negative Sentiment: Insiders reported 39 open-market sales and no purchases over the past six months. The selling, including transactions by senior executives, may weigh on sentiment even though it does not necessarily indicate deteriorating fundamentals.

Zscaler Company Profile

Zscaler, Inc is a cloud-based cybersecurity company that provides security services designed to help organizations connect users, applications, devices and workloads securely. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on traditional network perimeters.

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