Adam Geller Sells 661 Shares of Zscaler (NASDAQ:ZS) Stock

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 661 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $200.00, for a total value of $132,200.00. Following the completion of the transaction, the insider directly owned 38,308 shares of the company’s stock, valued at approximately $7,661,600. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Adam Geller also recently made the following trade(s):

• On Thursday, September 17th, Adam Geller sold 4,584 shares of Zscaler stock. The stock was sold at an average price of $192.01, for a total transaction of $880,173.84.
• On Wednesday, September 16th, Adam Geller sold 5,578 shares of Zscaler stock. The stock was sold at an average price of $192.76, for a total transaction of $1,075,215.28.

Zscaler Price Performance

Shares of NASDAQ ZS traded up $9.82 during mid-day trading on Monday, reaching $207.13. The company’s stock had a trading volume of 2,539,705 shares, compared to its average volume of 3,399,358. The stock has a 50-day moving average of $168.22 and a two-hundred day moving average of $151.84. The stock has a market capitalization of $33.77 billion, a P/E ratio of -531.10, a P/E/G ratio of 23.74 and a beta of 0.95. 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 results 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. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The firm had revenue of $898.19 million for the quarter, compared to analyst estimates of $876.96 million. During the same period in the previous year, the business posted $0.89 earnings per share. Zscaler’s quarterly revenue was up 24.9% on a year-over-year basis. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. On average, equities research analysts anticipate that Zscaler, Inc. will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on ZS. Wedbush started coverage on Zscaler in a report on Friday, September 11th. They issued an “outperform” rating and a $215.00 price target for the company. Evercore set a $155.00 target price on Zscaler and gave the stock an “in-line” rating in a research note on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and set a $220.00 price target on shares of Zscaler in a research report on Wednesday, September 2nd. KeyCorp upped their price objective on shares of Zscaler from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Finally, UBS Group cut their price objective on shares of Zscaler from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.38.

Institutional Investors Weigh In On Zscaler

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZS. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Zscaler during the 4th quarter worth $30,000. POM Investment Strategies LLC raised its holdings in Zscaler by 92.9% in the 2nd quarter. POM Investment Strategies LLC now owns 218 shares of the company’s stock valued at $31,000 after buying an additional 105 shares during the period. Western Wealth Management LLC acquired a new position in Zscaler in the first quarter valued at about $33,000. Reflection Asset Management acquired a new position in Zscaler in the fourth quarter valued at about $40,000. Finally, Continuum Advisory LLC purchased a new position in Zscaler during the second quarter worth about $43,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

About Zscaler

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.