Zscaler (NASDAQ:ZS) Stock: Insider Adam Geller Sells 1,042 Shares

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 1,042 shares of Zscaler stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $235.95, for a total transaction of $245,859.90. Following the sale, the insider directly owned 38,308 shares of the company’s stock, valued at $9,038,772.60. The trade was a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 Friday, October 9th, Adam Geller sold 23,958 shares of Zscaler stock. The shares were sold at an average price of $225.43, for a total transaction of $5,400,851.94.
• On Monday, September 21st, Adam Geller sold 661 shares of Zscaler stock. The shares were sold at an average price of $200.00, for a total transaction of $132,200.00.
• On Thursday, September 17th, Adam Geller sold 4,584 shares of Zscaler stock. The shares were 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 Trading Down 3.4%

Shares of ZS stock opened at $220.79 on Thursday. Zscaler, Inc. has a 12-month low of $114.63 and a 12-month high of $336.99. The company has a market capitalization of $36.00 billion, a PE ratio of -566.13, a price-to-earnings-growth ratio of 21.97 and a beta of 0.94. The firm has a 50 day moving average price of $190.07 and a two-hundred day moving average price of $159.06. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.65.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.09 by $0.10. The company had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. 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, analysts predict that Zscaler, Inc. will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ZS. Canaccord Genuity Group lifted their target price on Zscaler from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Mizuho set a $235.00 price target on shares of Zscaler in a research note on Wednesday, October 7th. Piper Sandler upped their price target on shares of Zscaler from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Citizens Jmp raised their price target on shares of Zscaler from $210.00 to $265.00 and gave the stock a “market outperform” rating in a research report on Friday, October 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Zscaler from $215.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Thirty-five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $239.41.

Trending Headlines about Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Investor-day outlook remains supportive: Zscaler reaffirmed its fiscal 2027 guidance and outlined a long-term path toward roughly $8 billion in annual recurring revenue, with additional potential from AI-driven cybersecurity demand. Several analysts subsequently raised their price targets. Zscaler investor-day outlook
• Positive Sentiment: Analyst sentiment is generally favorable: Recent target increases included Baird’s $285 target and JMP’s $265 target. MarketBeat data shows a “Moderate Buy” consensus, although targets vary considerably. Zscaler analyst ratings
• Neutral Sentiment: Investor attention is elevated: ZS has been among the most-searched stocks on Zacks, but high interest alone does not establish a fundamental catalyst and analyst opinions remain mixed. Investors search Zscaler
• Negative Sentiment: Valuation and growth risks are limiting upside: A recent analysis rated Zscaler “Hold,” arguing that the rally has already removed much of the favorable risk/reward. Weak fiscal 2027 net new ARR guidance, possible revenue-growth moderation and competition from CrowdStrike and Palo Alto Networks remain concerns. Zscaler valuation analysis
• Negative Sentiment: Insider selling adds pressure: Chief Product Officer Adam Geller sold approximately $5.65 million of shares, including a larger sale disclosed recently. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing their significance as a direct signal of company fundamentals but potentially weighing on sentiment. Zscaler insider sale
• Negative Sentiment: Legal scrutiny is an additional overhang: Pomerantz LLP announced an investigation into potential investor claims involving Zscaler. The announcement does not establish wrongdoing, but it may increase headline and litigation risk. Pomerantz Zscaler investor alert

Hedge Funds Weigh In On Zscaler

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Zscaler during the second quarter worth about $1,396,028,000. First Trust Advisors LP lifted its holdings in shares of Zscaler by 36.2% in the first quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after acquiring an additional 935,781 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Zscaler by 52.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock valued at $269,285,000 after purchasing an additional 661,413 shares in the last quarter. Amundi boosted its stake in shares of Zscaler by 12.8% in the 2nd quarter. Amundi now owns 1,137,837 shares of the company’s stock valued at $160,606,000 after purchasing an additional 129,563 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Zscaler by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock valued at $155,718,000 after purchasing an additional 209,711 shares in the last quarter. Institutional investors own 46.45% of the company’s stock.

About Zscaler

Zscaler, Inc is a cloud-based cybersecurity company that provides security services designed to help organizations connect users, applications, devices and workloads securely. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on traditional network perimeters.

The company’s offerings include Zscaler Internet Access, which helps secure internet and software-as-a-service access, and Zscaler Private Access, which provides controlled access to private applications without extending an organization’s network to remote users.