Zscaler, Inc. (NASDAQ:ZS – Get Free Report) insider Adam Geller sold 2,817 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $122.60, for a total value of $345,364.20. Following the completion of the sale, the insider owned 42,314 shares in the company, valued at approximately $5,187,696.40. The trade was a 6.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Adam Geller also recently made the following trade(s):
- On Tuesday, June 16th, Adam Geller sold 1,940 shares of Zscaler stock. The stock was sold at an average price of $126.43, for a total value of $245,274.20.
Zscaler Trading Down 2.7%
ZS opened at $123.80 on Friday. The business has a fifty day moving average price of $141.56 and a 200 day moving average price of $169.19. 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 12 month low of $114.63 and a 12 month high of $336.99. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of -257.91, a PEG ratio of 79.57 and a beta of 0.97.
Key Zscaler News
Here are the key news stories impacting Zscaler this week:
- Positive Sentiment: Zscaler announced a new multi-year partnership with Aston Martin Aramco Formula One Team, extending its cybersecurity platform into a high-profile global brand and potentially boosting visibility for its Zero Trust products. Racing Innovation Meets Zero Trust: Aston Martin Aramco Formula One™ Team and Zscaler Redefine Speed and Security
- Positive Sentiment: CEO Jay Chaudhry’s comments that AI is accelerating cybersecurity bug detection and creating a major opportunity in the sector reinforce the growth narrative around Zscaler’s AI-driven security platform. Zscaler CEO Jay Chaudhry says AI accelerates cybersecurity bug detection
- Positive Sentiment: Coverage around Zscaler’s Project AI-Guardian expansion suggests the company is broadening its enterprise AI security ecosystem, which could support longer-term demand and bookings. Zscaler (ZS) Expands Project AI-Guardian to Provide Unified Security for Enterprise AI Ecosystems
- Neutral Sentiment: Commentary that Zscaler was up modestly since its last earnings report mainly reflects post-earnings trading and analyst estimate changes rather than a new operational catalyst. Why Is Zscaler (ZS) Up 0.7% Since Last Earnings Report?
- Neutral Sentiment: Short-interest data showed essentially no shares reported short, which does not appear to be a meaningful new driver for the stock. Short Interest Update
- Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Zscaler investors, adding a potential legal overhang that can pressure shares. INVESTOR ALERT: Pomerantz Law Firm Investigates Claim On Behalf of Investors of Zscaler, Inc. – ZS
- Negative Sentiment: Insider selling by Adam Geller, while done under a pre-arranged 10b5-1 plan, may still weigh on sentiment around Zscaler stock. Zscaler (NASDAQ:ZS) Insider Sells $345,364.20 in Stock
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ZS. Binnacle Investments Inc purchased a new stake in shares of Zscaler during the 3rd quarter worth $25,000. AlphaCentric Advisors LLC acquired a new position in shares of Zscaler during the 4th quarter worth $29,000. Picton Mahoney Asset Management purchased a new position in shares of Zscaler in the 3rd quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Zscaler in the 4th quarter valued at about $30,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Zscaler in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 46.45% of the company’s stock.
Wall Street Analysts Forecast Growth
ZS has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $210.00 price target on shares of Zscaler in a research note on Thursday, June 11th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Zscaler in a research report on Wednesday, June 10th. Scotiabank reduced 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. BMO Capital Markets decreased their price objective on shares of Zscaler from $210.00 to $178.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Finally, B. Riley Financial lowered their target price on shares of Zscaler from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Thirty-four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average target price of $213.97.
Get Our Latest Report on Zscaler
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.
Further Reading
- Five stocks we like better than Zscaler
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.
