Zscaler, Inc. (NASDAQ:ZS – Get Free Report) CFO Kevin Rubin sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $124.22, for a total value of $372,660.00. Following the completion of the transaction, the chief financial officer directly owned 41,901 shares of the company’s stock, valued at approximately $5,204,942.22. This trade represents a 6.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kevin Rubin also recently made the following trade(s):
- On Tuesday, June 16th, Kevin Rubin sold 1,686 shares of Zscaler stock. The shares were sold at an average price of $126.43, for a total transaction of $213,160.98.
Zscaler Price Performance
Shares of NASDAQ:ZS traded up $8.46 during midday trading on Friday, hitting $132.26. The stock had a trading volume of 3,669,949 shares, compared to its average volume of 3,684,399. The company’s 50-day moving average price is $141.56 and its 200-day moving average price is $169.19. Zscaler, Inc. has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $21.39 billion, a P/E ratio of -275.54, a price-to-earnings-growth ratio of 79.57 and a beta of 0.97.
Institutional Trading of Zscaler
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Zscaler by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 11,423,424 shares of the company’s stock valued at $2,569,357,000 after buying an additional 55,521 shares during the last quarter. Groupama Asset Managment boosted its stake in shares of Zscaler by 76,352.6% in the 3rd quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock valued at $1,423,385,000 after purchasing an additional 4,743,787 shares during the last quarter. First Trust Advisors LP boosted its position in Zscaler by 36.2% during the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock valued at $493,635,000 after acquiring an additional 935,781 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Zscaler by 43.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock worth $578,576,000 after acquiring an additional 777,414 shares during the period. Finally, State Street Corp grew its holdings in Zscaler by 3.4% during the 4th quarter. State Street Corp now owns 2,337,604 shares of the company’s stock worth $525,774,000 after acquiring an additional 77,800 shares during the period. 46.45% of the stock is currently owned by institutional investors.
Trending Headlines about Zscaler
Here are the key news stories impacting Zscaler this week:
- Positive Sentiment: Zscaler announced a multi-year partnership with the Aston Martin Aramco Formula One Team, which will use Zscaler’s Zero Trust Exchange platform to secure sensitive design, strategy and telemetry data. The deal highlights Zscaler’s relevance in mission-critical cybersecurity and may boost confidence in its enterprise pipeline. Article: Racing Innovation Meets Zero Trust: Aston Martin Aramco Formula One™ Team and Zscaler Redefine Speed and Security
- Positive Sentiment: CEO comments across several interviews emphasized that AI is creating a major new opportunity for cybersecurity and could improve bug detection, reinforcing the long-term growth narrative for Zscaler as AI drives more demand for cloud security. Article: AI creates biggest cybersecurity opportunity in years: Zscaler CEO
- Neutral Sentiment: Recent coverage noted that Zscaler has risen modestly since its last earnings report, reflecting ongoing investor interest after results and guidance that already showed solid revenue growth. Article: Why Is Zscaler (ZS) Up 0.7% Since Last Earnings Report?
- Neutral Sentiment: One headline reported a large increase in short interest, but the figures shown were zero shares and zero days to cover, suggesting the report is likely not materially informative for investors.
- Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Zscaler investors, which can create overhang and add caution around the stock even if no wrongdoing has been established. Article: INVESTOR ALERT: Pomerantz Law Firm Investigates Claim On Behalf of Investors of Zscaler, Inc. – ZS
- Negative Sentiment: A separate report noted insider selling by Adam Geller, which may weigh on sentiment if investors view it as a lack of near-term upside confidence. Article: Adam Geller Sells 2,817 Shares of Zscaler (NASDAQ:ZS) Stock
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on ZS shares. Wedbush reissued an “outperform” rating and set a $220.00 price target on shares of Zscaler in a report on Wednesday, June 10th. Stifel Nicolaus decreased their target price on Zscaler from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $225.00 target price on shares of Zscaler in a research note on Wednesday, June 10th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price target on shares of Zscaler in a research note on Wednesday, June 10th. Finally, Mizuho decreased their price target on shares of Zscaler from $210.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.97.
Read Our Latest Stock Analysis on ZS
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.
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