Zscaler (NASDAQ:ZS) CFO Sells $1,148,271.32 in Stock

Zscaler, Inc. (NASDAQ:ZS) CFO Kevin Rubin sold 5,957 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total value of $1,148,271.32. Following the completion of the sale, the chief financial officer directly owned 43,287 shares in the company, valued at approximately $8,344,002.12. The trade was a 12.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kevin Rubin also recently made the following trade(s):

• On Tuesday, August 25th, Kevin Rubin sold 503 shares of Zscaler stock. The shares were sold at an average price of $173.38, for a total value of $87,210.14.
• On Monday, July 27th, Kevin Rubin sold 503 shares of Zscaler stock. The stock was sold at an average price of $147.12, for a total value of $74,001.36.
• On Thursday, June 25th, Kevin Rubin sold 3,000 shares of Zscaler stock. The shares were sold at an average price of $124.22, for a total value of $372,660.00.

Zscaler Price Performance

Zscaler stock traded up $5.89 during trading on Thursday, reaching $197.47. The company had a trading volume of 3,015,263 shares, compared to its average volume of 3,320,208. The firm has a market capitalization of $32.20 billion, a PE ratio of -506.33, a price-to-earnings-growth ratio of 23.05 and a beta of 0.95. The firm’s 50-day simple moving average is $167.06 and its 200 day simple moving average is $151.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. Zscaler, Inc. has a 1-year low of $114.63 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. The company had revenue of $898.19 million during the quarter, compared to analysts’ expectations of $876.96 million. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The firm’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 earnings per share. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, equities research analysts anticipate that Zscaler, Inc. will post 0.61 earnings per share for the current fiscal year.

Institutional Trading of Zscaler

Hedge funds have recently bought and sold shares of the business. Handelsbanken Fonder AB increased its holdings in shares of Zscaler by 89.6% in the second quarter. Handelsbanken Fonder AB now owns 60,933 shares of the company’s stock valued at $8,601,000 after purchasing an additional 28,792 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Zscaler by 6.6% during the second quarter. Assenagon Asset Management S.A. now owns 193,297 shares of the company’s stock worth $27,284,000 after buying an additional 11,941 shares during the last quarter. Bank of America Corp DE grew its holdings in Zscaler by 44.3% in the 1st quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock valued at $109,320,000 after buying an additional 239,326 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab purchased a new stake in Zscaler in the 2nd quarter valued at $11,232,000. Finally, Leonteq Securities AG acquired a new stake in shares of Zscaler in the 4th quarter worth $4,571,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ZS shares. Scotiabank reaffirmed an “outperform” rating on shares of Zscaler in a research note on Friday, September 4th. Stifel Nicolaus boosted their price objective on Zscaler from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Truist Financial set a $210.00 target price on Zscaler in a report on Wednesday, May 27th. BTIG Research restated a “neutral” rating on shares of Zscaler in a research report on Friday, September 4th. Finally, Stephens set a $215.00 price target on Zscaler in a research note on Friday, September 4th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $218.38.

Zscaler Company Profile

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

The company’s offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.