Insider Selling: Zscaler (NASDAQ:ZS) Insider Sells $321,491.82 in Stock

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 2,094 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total value of $321,491.82. Following the completion of the transaction, the insider directly owned 46,949 shares in the company, valued at approximately $7,208,079.97. This represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 17th, Adam Geller sold 1,485 shares of Zscaler stock. The stock was sold at an average price of $156.59, for a total value of $232,536.15.

Zscaler Stock Performance

Shares of NASDAQ:ZS opened at $151.47 on Friday. The business has a fifty day moving average of $177.87 and a 200-day moving average of $242.64. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. Zscaler, Inc. has a twelve month low of $140.56 and a twelve month high of $336.99. The firm has a market cap of $24.35 billion, a PE ratio of -360.64 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The business had revenue of $815.75 million for the quarter, compared to the consensus estimate of $798.92 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. 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 research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Institutional Trading of Zscaler

A number of institutional investors have recently bought and sold shares of ZS. Integrated Wealth Concepts LLC raised its position in shares of Zscaler by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock valued at $285,000 after acquiring an additional 239 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Zscaler by 8.2% during the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock worth $972,000 after purchasing an additional 370 shares during the period. Empowered Funds LLC grew its stake in shares of Zscaler by 9.2% during the first quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after purchasing an additional 238 shares during the period. Sivia Capital Partners LLC bought a new stake in Zscaler in the second quarter valued at about $252,000. Finally, Kingsview Wealth Management LLC increased its holdings in Zscaler by 24.3% in the second quarter. Kingsview Wealth Management LLC now owns 3,740 shares of the company’s stock valued at $1,174,000 after purchasing an additional 731 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler will establish a global headquarters in Santa Clara, signaling long‑term commitment and capacity to scale operations and hiring in a core tech market. Zscaler to establish global headquarters in Santa Clara
• Positive Sentiment: Commercial/product wins: Zscaler launched an AI & Cyber Threat Research Center with Bharti Airtel and expanded global data‑sovereignty controls on its Zero Trust Exchange — moves that help win regulated and APAC customers and support ARR growth. Partnership with Bharti Airtel Data sovereignty expansion
• Neutral Sentiment: Fundamentals: Zscaler beat February quarterly EPS and revenue estimates and provided FY/Q guidance that kept investors focused on growth vs. margin tradeoffs (guidance supports recurring revenue visibility but AI investments may pressure margins). Company overview & latest results
• Negative Sentiment: Unusually heavy put‑option activity — about 47,656 puts traded (~74% above average), indicating elevated bearish positioning and the potential for amplified downside volatility. Options trading alert
• Negative Sentiment: Clustered insider selling — multiple Form 4s show CEO, CFO, EVP and other senior insiders sold stock mid‑March. Collectively these sales are being read as a near‑term negative signal, even if for liquidity/tax reasons. SEC insider filing (example)
• Negative Sentiment: Analyst pressure and competition — recent price‑target trims (Oppenheimer, BMO, Needham, Piper) and comparisons to CrowdStrike highlight faster ARR/margin momentum at some peers and growing margin pressure from Zscaler’s newer AI offerings, weighing on valuation. Price target coverage Competitive comparison

Analyst Upgrades and Downgrades

Several analysts have recently commented on ZS shares. Bank of America decreased their price target on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zscaler in a report on Wednesday, January 21st. Berenberg Bank decreased their price objective on Zscaler from $390.00 to $320.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Morgan Stanley lowered their target price on Zscaler from $305.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Citizens Jmp dropped their target price on Zscaler from $355.00 to $290.00 and set a “market outperform” rating for the company in a research report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.13.

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.