Zscaler (NASDAQ:ZS) Insider Robert Schlossman Sells 3,146 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS) insider Robert Schlossman sold 3,146 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $126.43, for a total transaction of $397,748.78. Following the completion of the sale, the insider owned 69,366 shares in the company, valued at $8,769,943.38. This represents a 4.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zscaler Trading Down 2.2%

ZS opened at $124.38 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.86. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The firm has a market capitalization of $20.11 billion, a PE ratio of -259.12, a P/E/G ratio of 79.55 and a beta of 0.97. The company’s 50-day moving average is $141.85 and its 200 day moving average is $174.22.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The company had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same quarter in the prior year, the business posted $0.84 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, research analysts predict that Zscaler, Inc. will post 0.11 earnings per share for the current fiscal year.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Wall Street sentiment remains constructive, with Robert W. Baird reiterating a Buy rating and setting a $230 price target, implying significant upside from current levels. Short Sellers May Regret Shorting ZScaler (ZS) As One Analyst Points To 79% Upside
• Positive Sentiment: Zscaler also recently expanded Project AI-Guardian by adding major technology partners, which could support product adoption and platform reach over time. Zscaler (ZS) Adds Major Tech Partners to Project AI-Guardian
• Neutral Sentiment: A media discussion from Jim Cramer noted that SaaS names like Zscaler have fallen out of favor on Wall Street, but also highlighted the company in the context of broader software market rotation. Jim Cramer Says SaaS Companies Like Zscaler “Have Fallen Viciously Out of Favor on Wall Street”
• Neutral Sentiment: Several insiders, including the CEO, CFO, a director, and other executives, sold shares, but the filings say the trades were largely tied to equity award vesting and tax obligations, which often reduces concern about insider sentiment. CFO Kevin Rubin SEC filing
• Neutral Sentiment: Law firms Schall and Pomerantz announced investigations into possible securities-law issues, which may keep investor caution elevated, but no wrongdoing has been established. ZS Investors Have Opportunity to Join Zscaler, Inc. Fraud Investigation with the Schall Law Firm

Institutional Investors Weigh In On Zscaler

Several large investors have recently modified their holdings of the stock. Goldstream Capital Management Ltd increased its stake in shares of Zscaler by 0.3% during the 3rd quarter. Goldstream Capital Management Ltd now owns 12,450 shares of the company’s stock worth $3,731,000 after purchasing an additional 34 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of Zscaler by 1.4% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after purchasing an additional 36 shares during the last quarter. Advisor OS LLC increased its stake in shares of Zscaler by 4.6% during the 3rd quarter. Advisor OS LLC now owns 879 shares of the company’s stock worth $263,000 after purchasing an additional 39 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Zscaler by 10.9% during the 3rd quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock worth $119,000 after purchasing an additional 39 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Zscaler by 7.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock worth $204,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Analyst Ratings Changes

ZS has been the subject of several analyst reports. Oppenheimer decreased their price objective on shares of Zscaler from $280.00 to $250.00 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. FBN Securities reiterated an “outperform” rating and issued a $175.00 price objective on shares of Zscaler in a research note on Wednesday, May 27th. Mizuho decreased their price objective on shares of Zscaler from $210.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Citigroup reiterated a “market outperform” rating on shares of Zscaler in a research note on Wednesday, May 27th. Finally, Stephens reiterated an “overweight” rating and issued a $200.00 price objective on shares of Zscaler in a research note on Friday, June 12th. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $214.33.

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.