Key Points
- CFO Kevin Rubin sold 1,682 shares on March 17 at an average price of $156.59 for about $263,384, reducing his holding to 46,479 shares (a 3.49% decline).
- Zscaler beat estimates in its most recent quarter with $1.01 EPS versus $0.89 expected and revenue of $815.75M (up 25.9% YoY), and provided FY2026 EPS guidance of roughly 3.99–4.02.
- Market signals are mixed: analysts give a consensus rating of Moderate Buy (consensus target ~$267), but multiple executive sell-offs and unusually heavy put-option activity (~47,656 puts, ~74% above average) point to potential near-term downside.
Zscaler, Inc. (NASDAQ:ZS - Get Free Report) CFO Kevin Rubin sold 1,682 shares of the company's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $263,384.38. Following the sale, the chief financial officer owned 46,479 shares of the company's stock, valued at approximately $7,278,146.61. This represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Zscaler Stock Performance
ZS stock opened at $155.99 on Thursday. Zscaler, Inc. has a one year low of $140.56 and a one year high of $336.99. The firm has a market cap of $25.08 billion, a price-to-earnings ratio of -371.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a 50-day simple moving average of $180.47 and a two-hundred day simple moving average of $244.35.
Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.12. The firm had revenue of $815.75 million for the quarter, compared to the consensus estimate of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The company's quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, equities analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.
Key Zscaler News
Here are the key news stories impacting Zscaler this week:
- Positive Sentiment: Analysts maintain a favorable stance — Zscaler has an average recommendation of “Moderate Buy,” which supports longer-term demand for the shares. Zscaler, Inc. (NASDAQ:ZS) Receives Average Recommendation of "Moderate Buy" from Analysts
- Positive Sentiment: New commercial/security initiatives could drive revenue growth — Zscaler and Bharti Airtel launched an AI & Cyber Threat Research Center, strengthening enterprise/government footholds in APAC and highlighting AI/security positioning. Zscaler and Bharti Airtel announce launch of AI & Cyber Threat Research Center
- Positive Sentiment: Product expansion improves addressable market and compliance appeal — Zscaler expanded global data‑sovereignty capabilities on its Zero Trust Exchange (new regions, control/logging planes), which can help win regulated customers. Zscaler (ZS) Expands Global Data Sovereignty Capabilities on Zero Trust Exchange
- Positive Sentiment: Industry commentary favors Zscaler among cyber names — an expert highlighted Zscaler as a resilient cybersecurity pick amid the software/AI reshuffle, which can attract defensive capital. Software Stocks Are Down—Expert Says These 3 Names Still Look Strong
- Negative Sentiment: Unusually heavy put-option activity signals short/bearish sentiment — large volumes of put buying were reported (about 47,656 puts, ~74% above average), which can amplify downward pressure and volatility as traders hedge or position for declines. Zscaler Target of Unusually High Options Trading (NASDAQ:ZS)
- Negative Sentiment: Insider selling by multiple executives — recent disclosures show the CEO, CFO and other senior execs sold shares (collective sales in mid‑March), which investors often view as a near‑term negative signal even if not unusual for diversification/tax reasons. SEC Insider Sale Filing (example)
Institutional Trading of Zscaler
Large investors have recently added to or reduced their stakes in the company. Westpac Banking Corp boosted its position in Zscaler by 919.0% in the third quarter. Westpac Banking Corp now owns 9,986 shares of the company's stock valued at $2,992,000 after buying an additional 9,006 shares during the last quarter. Korea Investment CORP raised its position in Zscaler by 24.0% during the 3rd quarter. Korea Investment CORP now owns 98,370 shares of the company's stock worth $29,478,000 after buying an additional 19,026 shares during the last quarter. VestGen Advisors LLC acquired a new stake in Zscaler during the 2nd quarter valued at approximately $1,592,000. Mackenzie Financial Corp boosted its holdings in shares of Zscaler by 133.6% in the 2nd quarter. Mackenzie Financial Corp now owns 14,780 shares of the company's stock valued at $4,640,000 after acquiring an additional 8,454 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Zscaler by 11.5% in the second quarter. Schroder Investment Management Group now owns 164,061 shares of the company's stock worth $51,505,000 after acquiring an additional 16,868 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on ZS shares. Needham & Company LLC lowered their price objective on Zscaler from $310.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 27th. Piper Sandler decreased their price target on Zscaler from $260.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, February 27th. Stifel Nicolaus dropped their price target on Zscaler from $330.00 to $320.00 and set a "buy" rating on the stock in a research note on Wednesday, November 26th. Stephens cut their price objective on shares of Zscaler from $340.00 to $225.00 and set an "overweight" rating on the stock in a report on Monday, February 23rd. Finally, UBS Group decreased their price objective on shares of Zscaler from $350.00 to $340.00 and set a "buy" rating for the company in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $267.13.
Read Our Latest Analysis on Zscaler
About Zscaler
(
Get Free Report)
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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