Key Points
- Zscaler CFO Kevin Rubin sold 519 shares for approximately $102,388 under a pre-arranged Rule 10b5-1 trading plan, reducing his stake by 1.2% to 42,768 shares.
- Zscaler recently exceeded quarterly expectations, reporting $1.19 in EPS versus the $1.09 consensus and revenue of $898.19 million, up 24.9% year over year.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $219.28; institutional investors own 46.45% of the company.
Zscaler, Inc. (NASDAQ:ZS - Get Free Report) CFO Kevin Rubin sold 519 shares of the company's stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $197.28, for a total value of $102,388.32. Following the completion of the sale, the chief financial officer owned 42,768 shares in the company, valued at $8,437,271.04. The trade was a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kevin Rubin also recently made the following trade(s):
- On Wednesday, September 16th, Kevin Rubin sold 5,957 shares of Zscaler stock. The shares were sold at an average price of $192.76, for a total value of $1,148,271.32.
- On Tuesday, August 25th, Kevin Rubin sold 503 shares of Zscaler stock. The stock was sold at an average price of $173.38, for a total value of $87,210.14.
- On Monday, July 27th, Kevin Rubin sold 503 shares of Zscaler stock. The stock was sold at an average price of $147.12, for a total value of $74,001.36.
Zscaler Trading Up 3.3%
NASDAQ ZS opened at $199.39 on Tuesday. Zscaler, Inc. has a 12 month low of $114.63 and a 12 month high of $336.99. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65. The stock's fifty day moving average price is $175.23 and its 200-day moving average price is $153.83. The stock has a market cap of $32.51 billion, a P/E ratio of -511.26, a P/E/G ratio of 20.12 and a beta of 0.95.
Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.10. The firm had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%.Zscaler's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. As a group, equities analysts forecast that Zscaler, Inc. will post 0.7 EPS for the current fiscal year.
Institutional Trading of Zscaler
Institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd grew its stake in shares of Zscaler by 56.5% in the second quarter. WINTON GROUP Ltd now owns 4,890 shares of the company's stock worth $690,000 after acquiring an additional 1,765 shares during the period. NewEdge Advisors LLC lifted its position in Zscaler by 7.8% during the second quarter. NewEdge Advisors LLC now owns 4,626 shares of the company's stock valued at $653,000 after purchasing an additional 336 shares during the period. Hudock Inc. purchased a new stake in Zscaler in the second quarter worth approximately $311,000. Allworth Financial LP boosted its holdings in Zscaler by 7.7% in the second quarter. Allworth Financial LP now owns 3,578 shares of the company's stock worth $505,000 after purchasing an additional 256 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Zscaler by 6.4% in the 2nd quarter. Arizona State Retirement System now owns 29,965 shares of the company's stock worth $4,230,000 after purchasing an additional 1,799 shares during the period. Hedge funds and other institutional investors own 46.45% of the company's stock.
Analyst Ratings Changes
Several research analysts have issued reports on ZS shares. Stifel Nicolaus lifted their target price on shares of Zscaler from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Barclays raised their price target on shares of Zscaler from $192.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Wolfe Research restated an "outperform" rating and issued a $150.00 price objective on shares of Zscaler in a report on Thursday, June 11th. Robert W. Baird upped their price objective on Zscaler from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, September 4th. Finally, JPMorgan Chase & Co. upped their price objective on Zscaler from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Wednesday, August 26th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $219.28.
Read Our Latest Stock Report on ZS
Zscaler Company Profile
(
Get Free Report)
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.
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