Zscaler Target of Unusually High Options Trading (NASDAQ:ZS)

Zscaler, Inc. (NASDAQ:ZS) was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 47,656 put options on the stock. This represents an increase of approximately 74% compared to the typical volume of 27,414 put options.

Zscaler Stock Down 0.0%

NASDAQ:ZS opened at $155.99 on Thursday. The business’s fifty day moving average price is $180.47 and its 200 day moving average price is $244.35. The firm has a market capitalization of $25.08 billion, a price-to-earnings ratio of -371.40 and a beta of 1.07. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. Zscaler has a 1-year low of $140.56 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $815.75 million for the quarter, compared to analysts’ expectations of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $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, sell-side analysts forecast that Zscaler will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ZS shares. Loop Capital set a $320.00 price target on Zscaler in a report on Thursday, December 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Zscaler in a research note on Wednesday, January 21st. Wells Fargo & Company initiated coverage on shares of Zscaler in a research report on Tuesday, March 3rd. They issued an “overweight” rating and a $200.00 target price for the company. Oppenheimer lowered their target price on shares of Zscaler from $280.00 to $250.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 10th. Finally, Citizens Jmp dropped their price objective on Zscaler from $355.00 to $290.00 and set a “market outperform” rating on the stock in a research note on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus price target of $267.13.

Zscaler News Roundup

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler and Bharti Airtel launched an AI & Cyber Threat Research Center to jointly research AI-enabled threats and defenses — a partnership that expands Zscaler’s enterprise reach in APAC and strengthens its positioning in AI-related security services. Zscaler and Bharti Airtel announce launch of AI & Cyber Threat Research Center
• Positive Sentiment: Zscaler expanded global data‑sovereignty capabilities on its Zero Trust Exchange (new control/logging planes, Canada deployment planned), which supports sales to regulated customers and can drive longer-term subscription revenue growth. Zscaler (ZS) Expands Global Data Sovereignty Capabilities on Zero Trust Exchange
• Positive Sentiment: Analyst commentary singled Zscaler out as a cybersecurity winner in the current AI-driven market shift (zero‑trust access control seen as increasingly valuable), which could support re-rating over time if AI adoption fuels security spend. Software Stocks Are Down—Expert Says These 3 Names Still Look Strong
• Negative Sentiment: EVP Raj Judge sold 2,488 shares at ~$156.59 (~$389.6k); his holdings fell ~3.53% (SEC Form 4). Insider sales by senior leaders can weigh on near-term sentiment even if amounts are small vs. their remaining stakes. SEC Form 4 – Raj Judge
• Negative Sentiment: Insider Robert Schlossman sold 2,263 shares at ~$156.59 (~$354.4k), reducing his stake ~3.03% (SEC Form 4). SEC Form 4 – Robert Schlossman
• Negative Sentiment: CFO Kevin Rubin sold 1,682 shares at ~$156.59 (~$263.4k), a ~3.49% reduction in his direct holdings (SEC Form 4). SEC Form 4 – Kevin Rubin
• Negative Sentiment: CEO Jagtar Singh Chaudhry sold 1,941 shares at ~$156.59 (~$303.9k), a 0.56% reduction in his position (SEC Form 4). CEO sales often draw investor attention despite small percentage changes. SEC Form 4 – Jagtar Singh Chaudhry

Insider Buying and Selling at Zscaler

In other Zscaler news, Director James A. Beer sold 653 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $226.72, for a total value of $148,048.16. Following the sale, the director directly owned 3,485 shares of the company’s stock, valued at $790,119.20. This trade represents a 15.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Schlossman sold 2,263 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total transaction of $354,363.17. Following the transaction, the insider directly owned 72,390 shares of the company’s stock, valued at approximately $11,335,550.10. This trade represents a 3.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,027 shares of company stock worth $1,459,333. 17.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Binnacle Investments Inc purchased a new stake in Zscaler in the 3rd quarter worth approximately $25,000. Tradewinds Capital Management LLC grew its holdings in shares of Zscaler by 145.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Zscaler in the third quarter worth $26,000. McIlrath & Eck LLC acquired a new position in shares of Zscaler in the third quarter worth $29,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Zscaler during the third quarter worth $30,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Company Profile

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.