Zscaler (NASDAQ:ZS) CFO Kevin Rubin Sells 1,686 Shares

Zscaler, Inc. (NASDAQ:ZS) CFO Kevin Rubin sold 1,686 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total value of $213,160.98. Following the completion of the sale, the chief financial officer directly owned 44,901 shares in the company, valued at approximately $5,676,833.43. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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%

Zscaler stock opened at $124.38 on Thursday. Zscaler, Inc. has a 52 week low of $114.63 and a 52 week high of $336.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $20.11 billion, a PE ratio of -259.12, a PEG ratio of 79.55 and a beta of 0.97. The business’s 50-day simple moving average is $141.85 and its 200-day simple moving average is $174.22.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ZS. Citigroup reaffirmed a “market outperform” rating on shares of Zscaler in a research report on Wednesday, May 27th. Truist Financial set a $210.00 target price on shares of Zscaler in a research note on Wednesday, May 27th. Wedbush reissued an “outperform” rating and issued a $220.00 price target on shares of Zscaler in a report on Wednesday, June 10th. Canaccord Genuity Group restated a “buy” rating and issued a $210.00 price target on shares of Zscaler in a research report on Thursday, June 11th. Finally, Scotiabank dropped their price objective on shares of Zscaler from $190.00 to $175.00 and set a “sector outperform” rating on the stock in a report on Wednesday, May 27th. Thirty-four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $214.33.

Trending Headlines about 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

Hedge Funds Weigh In On Zscaler

A number of hedge funds have recently made changes to their positions in ZS. Vanguard Group Inc. lifted its holdings in shares of Zscaler by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock worth $2,569,357,000 after acquiring an additional 55,521 shares during the period. Groupama Asset Managment increased its stake in Zscaler by 76,352.6% in the third quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock valued at $1,423,385,000 after acquiring an additional 4,743,787 shares during the period. First Trust Advisors LP raised its position in Zscaler by 36.2% in the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after purchasing an additional 935,781 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Zscaler by 43.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock worth $578,576,000 after purchasing an additional 777,414 shares in the last quarter. Finally, State Street Corp lifted its stake in Zscaler by 3.4% during the fourth quarter. State Street Corp now owns 2,337,604 shares of the company’s stock worth $525,774,000 after purchasing an additional 77,800 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

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.