Zscaler (NASDAQ:ZS) Insider Adam Geller Sells 2,094 Shares of Stock

Zscaler, Inc. (NASDAQ:ZS) insider Adam Geller sold 2,094 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total transaction of $321,491.82. Following the completion of the transaction, the insider 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 document filed with the SEC, which is available at the SEC website.

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

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

Zscaler Trading Down 0.3%

Zscaler stock opened at $155.53 on Friday. Zscaler, Inc. has a 12 month low of $140.56 and a 12 month high of $336.99. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.78. The stock has a market cap of $25.01 billion, a P/E ratio of -370.31 and a beta of 1.07. The company’s fifty day simple moving average is $179.18 and its 200-day simple moving average is $243.74.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data 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. The business had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.Zscaler’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, sell-side analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Key Headlines Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler has an average analyst recommendation of “Moderate Buy,” which supports longer‑term demand for the shares. Read More.
• Positive Sentiment: Strategic partnerships and product expansion — Zscaler and Bharti Airtel launched an AI & Cyber Threat Research Center in APAC, and Zscaler expanded global data‑sovereignty controls on its Zero Trust Exchange, both of which can help win regulated customers and broaden the addressable market. Read More. Read More.
• Neutral Sentiment: Institutional ownership remains significant and some funds have been adding positions historically; this can stabilize shares even amid short‑term flows (institutional detail summarized in recent filings). No single institutional event appears to be driving today’s move.
• Negative Sentiment: Unusually heavy put‑option activity — roughly 47,656 puts traded (~74% above average), signaling elevated bearish positioning and potential for amplified downside volatility. Read More.
• Negative Sentiment: Cluster of insider sales by senior executives (CEO, CFO, EVP and other insiders sold shares mid‑March). Multiple Form 4 filings show meaningful collective reductions, which investors often interpret as a near‑term negative signal. Read More.
• Negative Sentiment: Analyst price‑target trims and competitive pressure — Oppenheimer recently lowered its price target, and industry comparisons (e.g., CrowdStrike) highlight faster ARR/margin momentum elsewhere and margin pressure from Zscaler’s newer AI offerings. Those views weigh on near‑term valuation. Read More. Read More.

Hedge Funds Weigh In On Zscaler

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of Zscaler by 5.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,344 shares of the company’s stock worth $3,001,000 after buying an additional 708 shares during the period. Spear Advisors LLC acquired a new position in Zscaler in the 4th quarter valued at $3,460,000. EMC Capital Management raised its holdings in Zscaler by 779.1% in the 4th quarter. EMC Capital Management now owns 3,780 shares of the company’s stock worth $819,000 after acquiring an additional 3,350 shares during the period. Worthington Financial Partners LLC acquired a new position in Zscaler during the 4th quarter worth $720,000. Finally, Sentinel Dome Partners LLC bought a new stake in Zscaler during the fourth quarter valued at about $990,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ZS. BTIG Research reduced their price target on Zscaler from $365.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $280.00 price objective on shares of Zscaler in a research report on Tuesday, February 24th. Capital One Financial set a $320.00 target price on shares of Zscaler and gave the company an “overweight” rating in a research note on Wednesday, November 26th. TD Cowen cut their price target on shares of Zscaler from $330.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Citigroup reduced their price objective on shares of Zscaler from $305.00 to $195.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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.