Zscaler (NASDAQ:ZS) CEO Jagtar Singh Chaudhry Sells 1,941 Shares

Zscaler, Inc. (NASDAQ:ZS) CEO Jagtar Singh Chaudhry sold 1,941 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $303,941.19. Following the completion of the sale, the chief executive officer directly owned 345,916 shares of the company’s stock, valued at approximately $54,166,986.44. The trade was a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Zscaler Price Performance

ZS traded down $0.01 during midday trading on Wednesday, hitting $155.99. 1,516,030 shares of the company traded hands, compared to its average volume of 3,612,070. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $25.08 billion, a price-to-earnings ratio of -371.40 and a beta of 1.07. Zscaler, Inc. has a 52-week low of $140.56 and a 52-week high of $336.99. The business has a 50 day simple moving average of $180.47 and a two-hundred day simple moving average of $244.35.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 26th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $798.92 million. During the same quarter in the previous year, the company earned $0.78 earnings per share. The company’s quarterly revenue 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. On average, equities analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZS has been the topic of a number of research analyst reports. Zacks Research lowered Zscaler from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Citigroup reduced their price objective on Zscaler from $305.00 to $195.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Wells Fargo & Company assumed coverage on shares of Zscaler in a research note on Tuesday, March 3rd. They set an “overweight” rating and a $200.00 target price on the stock. Morgan Stanley dropped their target price on shares of Zscaler from $305.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, BMO Capital Markets reduced their target price on shares of Zscaler from $315.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Two 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Binnacle Investments Inc purchased a new stake in shares of Zscaler in the third quarter valued at about $25,000. Tradewinds Capital Management LLC raised its holdings in Zscaler by 145.7% in the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after buying an additional 51 shares during the period. Root Financial Partners LLC purchased a new stake in Zscaler in the 3rd quarter valued at about $26,000. McIlrath & Eck LLC acquired a new position in Zscaler in the third quarter valued at about $29,000. Finally, AlphaCentric Advisors LLC acquired a new position in Zscaler in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

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.