ZS

Zscaler, Inc.

Nasdaq · Services-Computer Programming Services · Inc. DE · CIK 0001713683
$130.78 -3.31% $21.9B
Insider Selling Cluster (7 insiders)
Vol
Market Cap$21.9B
Cap SizeLarge Cap
Analyst ConsensusStrong Buy (78%)
Inst. Holders9 funds
Inst. Value$4.4B
Inst. Activity2 buys / 1 sells
Insider Activity0B / 8S
Insider Net $-$2.4M
Reddit Sentiment56° Neutral
SEC Reports12
Press Releases3
Exchange Nasdaq·Sector Services-Computer Programming Services·Inc. DE·CIK 0001713683·Prev Close $135.26

Price Targets

$193.79 +48.2% upside Strong Buy
Current $130.78 Low $145.00 Median $190.00 High $250.00 45 analysts
$145.00 $250.00

Analyst Ratings

Buy78% buy · 58 analysts
15Strong Buy
30Buy
13Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Jun 1, 2026 Guggenheim UPGRADE Neutral → Buy
May 28, 2026 Wells Fargo MAINTAIN Overweight → Overweight
May 27, 2026 UBS MAINTAIN Buy → Buy
May 27, 2026 B. Riley Securities MAINTAIN Buy → Buy
May 27, 2026 Citigroup MAINTAIN Buy → Buy

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $1.09 ▲ +5.3% $1.08 — $1.16 22% YoY 42
Next Q $1.08 ▲ +1.1% $0.91 — $1.16 12% YoY 38
Current FY $4.13 ▲ +2.6% $4.10 — $4.33 26% YoY 45
Next FY $4.60 $3.96 — $5.42 11% YoY 46

Top Institutional Holders

FundValueMove
VANGUARD GROUP INC$2.6B
FMR LLC$1.0BADD
MORGAN STANLEY$350.3MADD
BANK OF AMERICA CORP$121.4MTRIM
CHARLES SCHWAB INVESTMENT MANAGEMENT$110.8MNEW

Recent Insider Trades

DateInsiderTypeValue
Mar 18, 2026BEER JAMESSELL$27.2K
Mar 18, 2026Geller AdamSELL$321.5K
Mar 17, 2026Rich MichaelSELL$492.8K
Mar 17, 2026Chaudhry JagtarSELL$303.9K
Mar 17, 2026RUBIN KEVINSELL$263.4K

Reddit Sentiment

56°
Neutral
Bearish Neutral Bullish
14 mentions 5 bullish 3 bearish
9 institutional holders with $4.4B total value (19,422,272 shares) as of 2025-Q4. Top holders: VANGUARD, FMR, MORGAN. Net buying activity: 2 institutions added/increased vs 1 reduced.

Top Institutional Holders — 2025-Q4

#FundSharesValue% of TrackedLast Move
1VANGUARD GROUP INC11,423,424$2.6B58.8%
2FMR LLC4,529,502$1.0B23.3%ADD +88.0%
3MORGAN STANLEY1,557,640$350.3M8.0%ADD +25.4%
4BANK OF AMERICA CORP /DE/539,919$121.4M2.8%TRIM -52.9%
5CHARLES SCHWAB INVESTMENT MANAGEMENT INC492,694$110.8M2.5%NEW
6NORGES BANK354,626$79.8M1.8%NEW
7WELLS FARGO & COMPANY/MN214,750$48.3M1.1%TRIM -28.1%
8TWO SIGMA INVESTMENTS, LP201,417$45.3M1.0%TRIM -63.9%
9RENAISSANCE TECHNOLOGIES LLC108,300$24.4M0.6%TRIM -62.2%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
MORGAN STANLEYADD1,242,1421,557,640+25.4%$350.3M2025-Q4
NORGES BANKNEW354,626$79.8M2025-Q4
TWO SIGMA INVESTMENTS, LPTRIM557,308201,417-63.9%$45.3M2025-Q4
UBS Group AGTRIM2,492,6351,251,673-49.8%$375.1M2025-Q3
TWO SIGMA INVESTMENTS, LPTRIM812,308557,308-31.4%$167.0M2025-Q3
BANK OF AMERICA CORP /DE/TRIM1,075,122506,297-52.9%$151.7M2025-Q3
RENAISSANCE TECHNOLOGIES LLCTRIM278,900105,500-62.2%$31.6M2025-Q3
NORGES BANKEXIT82,8680-100.0%$0.002025-Q3
FMR LLCADD1,862,1063,501,217+88.0%$1.1B2025-Q2
UBS Group AGADD1,974,7452,492,635+26.2%$782.5M2025-Q2
MORGAN STANLEYADD1,061,2911,401,904+32.1%$440.1M2025-Q2
BANK OF AMERICA CORP /DE/DOUBLED462,9241,075,122+132.2%$337.5M2025-Q2
TWO SIGMA INVESTMENTS, LPDOUBLED232,317812,308+249.7%$255.0M2025-Q2
RENAISSANCE TECHNOLOGIES LLCDOUBLED11,882278,900+2247.2%$87.6M2025-Q2
WELLS FARGO & COMPANY/MNTRIM326,857234,877-28.1%$73.7M2025-Q2
NORGES BANKNEW82,868$26.0M2025-Q2
WELLS FARGO & COMPANY/MNTRIM445,117326,857-26.6%$64.9M2025-Q1
RENAISSANCE TECHNOLOGIES LLCNEAR_EXIT236,78211,882-95.0%$2.4M2025-Q1
NORGES BANKEXIT178,2500-100.0%$0.002025-Q1
UBS Group AGDOUBLED707,3891,644,031+132.4%$296.6M2024-Q4
RENAISSANCE TECHNOLOGIES LLCTRIM340,782236,782-30.5%$42.7M2024-Q4
NORGES BANKDOUBLED48,488178,250+267.6%$32.2M2024-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INCNEW355,070$60.7M2024-Q3
7 unique insiders with 8 transactions. Net insider value: -$2.4M ($0.00 bought, $2.4M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Mar 18, 2026BEER JAMES ADirectorSELL177$153.53$27.2K
Mar 18, 2026Geller AdamChief Product OfficerSELL2,094$153.53$321.5K
Mar 17, 2026Rich Michael J.CRO and President of WW SalesSELL3,147$156.59$492.8K
Mar 17, 2026Chaudhry Jagtar SinghCEO & ChairmanSELL1,941$156.59$303.9K
Mar 17, 2026RUBIN KEVINChief Financial OfficerSELL1,682$156.59$263.4K
Mar 17, 2026Schlossman RobertChief Legal OfficerSELL2,263$156.59$354.4K
Mar 17, 2026Judge RajEVP, Corp. Strategy & VenturesSELL2,488$156.59$389.6K
Mar 17, 2026Geller AdamChief Product OfficerSELL1,485$156.59$232.5K
12 SEC filing reports analyzed. Sentiment: 4 bullish, 4 bearish, 1 mixed, 3 neutral. Avg impact: 3.3/10.
BEARISH ANALYST-DOWNGRADE 5/10
Evercore ISI Group downgrades ZS to In-Line — PT $155 (-16%)
May 27, 2026
BULLISH ANALYST-UPGRADE 3/10
Guggenheim upgrades ZS to Buy — PT $214 (+53%)
Jun 1, 2026
BEARISH ANALYST-DOWNGRADE 1/10
Morgan Stanley downgrades stock to Equal-Weight, cuts PT to $155 from $200
Apr 22, 2026
BULLISH ANALYST-UPGRADE 3/10
Mizuho upgrades Zscaler to Outperform — PT $310 (+137% upside from $130.68)
May 1, 2026
BULLISH ANALYST-UPGRADE 2/10
18 firms acted on ZS: Wells Fargo, Mizuho, Bernstein, Macquarie, Morgan Stanley, B. Riley Securities, Wells Fargo, Piper Sandler, Roth Capital, Cantor Fitzgerald, Stephens & Co., B of A Securities, Rosenblatt, Exane BNP Paribas, B of A Securities, Raymond James, Mizuho, JP Morgan
May 31, 2026
BEARISH ANALYST-DOWNGRADE 3/10
BTIG double downgrades stock to Neutral from Buy — lone downgrade amid 47 Buy ratings; PT removed
May 9, 2026
BULLISH ANALYST-UPGRADE 3/10
B. Riley Securities double upgrades NVDA to Buy — PT $225 (+40%) despite prior cut, consensus bullish
May 18, 2026
BEARISH ANALYST-DOWNGRADE 3/10
Morgan Stanley downgrades ZS to Equal-Weight — PT $155 (-9.5%)
May 22, 2026
MIXED 8-K 6/10
Zscaler reported Q3 FY2026 results with revenue of $850.5M (+25% YoY), slightly below the $877.6M co
Jun 5, 2026
NEUTRAL PRESS-RELEASE 3/10
Zscaler reported Q2 2026 EPS of $1.01, essentially in line with consensus of $1.01 (0.1% beat), on r
May 7, 2026
NEUTRAL CLUSTER 4/10
Six Zscaler insiders, including the CEO, CFO, CRO, and other C-suite executives, sold shares in a co
Mar 19, 2026
NEUTRAL CLUSTER 4/10
Two C-suite executives at Zscaler sold shares in a coordinated open-market transaction totaling $882
Mar 19, 2026
Current analyst consensus: Buy (78% buy). Based on 58 analysts: 15 strong buy, 30 buy, 13 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$193.79 mean target +48.2% upside Strong Buy (1.51)
$145.00 Low $250.00 High
MetricValue
Current Price$130.78
Target Low$145.00
Target Mean$193.79
Target Median$190.00
Target High$250.00
# Analysts45
RecommendationStrong Buy (1.51)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-07-31
$1.09 $1.08 $1.16 22.5% +5.3% 39↑ 0↓ $0.9B 22.0% 42
Next Q
2026-10-31
$1.08 $0.91 $1.16 12.3% +1.1% 22↑ 10↓ $0.9B 17.5% 38
Current FY
2026-07-31
$4.13 $4.10 $4.33 25.8% +2.6% 43↑ 1↓ $3.3B 24.6% 45
Next FY
2027-07-31
$4.60 $3.96 $5.42 11.4% +0.2% 25↑ 19↓ $3.9B 17.0% 46

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$1.090
7d ago$1.035+0.055
30d ago$1.035+0.055
60d ago$1.036+0.054
90d ago$1.036+0.054
31 analyst firms have rated this stock: 2 upgrades, 3 downgrades, 1 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Jun 1, 2026 Guggenheim UPGRADE Neutral Buy
May 28, 2026 Wells Fargo MAINTAIN Overweight Overweight
May 27, 2026 UBS MAINTAIN Buy Buy
May 27, 2026 B. Riley Securities MAINTAIN Buy Buy
May 27, 2026 Citigroup MAINTAIN Buy Buy
May 27, 2026 Truist Securities MAINTAIN Buy Buy
May 27, 2026 BMO Capital MAINTAIN Outperform Outperform
May 27, 2026 Stephens & Co. MAINTAIN Overweight Overweight
May 27, 2026 Morgan Stanley MAINTAIN Equal-Weight Equal-Weight
May 27, 2026 Barclays MAINTAIN Overweight Overweight
May 27, 2026 Stifel MAINTAIN Buy Buy
May 27, 2026 Macquarie MAINTAIN Outperform Outperform
May 27, 2026 Piper Sandler MAINTAIN Neutral Neutral
May 27, 2026 RBC Capital MAINTAIN Outperform Outperform
May 27, 2026 Mizuho MAINTAIN Outperform Outperform
May 27, 2026 JP Morgan MAINTAIN Overweight Overweight
May 27, 2026 Cantor Fitzgerald MAINTAIN Overweight Overweight
May 27, 2026 Wedbush MAINTAIN Outperform Outperform
May 27, 2026 Guggenheim REITERATE Neutral Neutral
May 27, 2026 Scotiabank MAINTAIN Sector Outperform Sector Outperform
May 27, 2026 Canaccord Genuity MAINTAIN Buy Buy
May 27, 2026 Rosenblatt MAINTAIN Buy Buy
May 27, 2026 Baird MAINTAIN Outperform Outperform
May 27, 2026 Bernstein MAINTAIN Outperform Outperform
May 27, 2026 Needham REITERATE Buy Buy
May 27, 2026 Evercore ISI Group DOWNGRADE Outperform In-Line
May 21, 2026 Wells Fargo MAINTAIN Overweight Overweight
May 21, 2026 Rosenblatt MAINTAIN Buy Buy
May 18, 2026 B. Riley Securities UPGRADE Neutral Buy
May 18, 2026 Rosenblatt MAINTAIN Buy Buy
May 18, 2026 Keybanc MAINTAIN Overweight Overweight
May 1, 2026 Citizens MAINTAIN Market Outperform Market Outperform
Apr 22, 2026 Morgan Stanley DOWNGRADE Overweight Equal-Weight
Apr 15, 2026 Keybanc MAINTAIN Overweight Overweight
Apr 9, 2026 BTIG DOWNGRADE Buy Neutral
Mar 10, 2026 Oppenheimer MAINTAIN Outperform Outperform
Mar 3, 2026 Wells Fargo INITIATE Overweight
Mar 2, 2026 Citigroup MAINTAIN Buy Buy
Mar 2, 2026 Goldman Sachs MAINTAIN Neutral Neutral
Feb 27, 2026 UBS MAINTAIN Buy Buy
Feb 27, 2026 Macquarie MAINTAIN Outperform Outperform
Feb 27, 2026 Canaccord Genuity MAINTAIN Buy Buy
Feb 27, 2026 TD Cowen MAINTAIN Buy Buy
Feb 27, 2026 RBC Capital MAINTAIN Outperform Outperform
Feb 27, 2026 Mizuho MAINTAIN Outperform Outperform
Feb 27, 2026 Oppenheimer MAINTAIN Outperform Outperform
Feb 27, 2026 Rosenblatt MAINTAIN Buy Buy
Feb 27, 2026 Evercore ISI Group MAINTAIN Outperform Outperform
Feb 27, 2026 Citizens MAINTAIN Market Outperform Market Outperform
Feb 27, 2026 Piper Sandler MAINTAIN Neutral Neutral

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 20261530130078%
May 1, 20261532110081%
Apr 1, 2026163390084%
Mar 1, 2026153390084%
Feb 1, 20261532100082%
Jan 1, 20261531100082%
Dec 1, 20251530110080%
Nov 1, 20251528130077%
Strong BuyBuyHoldSellStrong Sell

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

56°
Neutral
Bearish Neutral Bullish
14 mentions 5 bullish 3 bearish 13 time periods

Reddit Sentiment History

DateMentionsSentimentBullishBearishThreads
Jun 1, 2026144° Neutral001
Jun 1, 2026144° Neutral001
May 27, 2026150° Neutral001
May 27, 2026150° Neutral001
May 25, 2026160° Warm101
May 25, 2026160° Warm101
May 10, 2026160° Warm101
May 10, 2026160° Warm101
Apr 20, 2026144° Neutral001
Apr 20, 2026144° Neutral001
Apr 10, 2026140° Cool011
Apr 10, 2026140° Cool011
Feb 24, 2026250° Neutral112

Recent Reddit Threads

r/stocks Bullish 3mo ago
The Most Obvious Secular Bull Market That I Can Think Of
▲ 220 💬 98 ⚡ 11.5
r/stocks Bullish 26d 13h ago
Tracked my buys this year. Am I setting up for underperformance?
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Neutral 9d 1h ago
Thank you $ZS
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Neutral 1mo ago
ZS is getting the FSLY treatment and nobody's paying attention
▲ 1 💬 1 ⚡ 0.5
r/wallstreetbets Bullish 11d 5h ago
SaaSpocalypse Reversal
▲ 1 💬 0 ⚡ 0.5
r/wallstreetbets Neutral 4d 7h ago
What’s the move on $ZS
▲ 1 💬 0 ⚡ 0.4
r/investing Bearish 3mo ago
Cybersecurity market CAGR expected to be 10.4%
▲ 2 💬 5 ⚡ 0.0
Jun 4, 2026
short_volume
Short Volume: ZS — 58.1% short (1.2M / 2.1M)
Short: 1,212,912 | Exempt: 1,906 | TRF Vol: 2,085,841 | Short Ratio: 58.1% | Off-exchange volume (dark pool + OTC)
May 27, 2026
earnings_calendar
ZS Q3 2026 Earnings After Market Close — 2026-05-27
EPS est: $1.04 | Rev est: $0.9B
May 27, 2026
short_volume
Short Volume: ZS — 62.9% short (9.7M / 15.5M)
Short: 9,724,771 | Exempt: 772,632 | TRF Vol: 15,460,957 | Short Ratio: 62.9% | Off-exchange volume (dark pool + OTC)
May 26, 2026
earnings
Zscaler Announces Strong Third-Quarter Fiscal 2026 Results
Achieves record operating margin and strong revenue growth <pre>Achieves record operating margin and strong revenue growth</pre>
May 26, 2026
earnings_calendar
ZS Q3 2026 Earnings After Market Close — 2026-05-26
May 26, 2026
short_volume
Short Volume: ZS — 68.5% short (1.9M / 2.8M)
Short: 1,933,747 | Exempt: 1,800 | TRF Vol: 2,821,455 | Short Ratio: 68.5% | Off-exchange volume (dark pool + OTC)
May 21, 2026
m_and_a
Zscaler to Acquire Symmetry Systems, Combining Zero Trust and Access Graph Technology to Map and Secure AI Agent Communication
Symmetry Systems gives Zscaler the foundational visibility required to govern AI agent communication at scale and unlock the next phase of Zero Trust
May 20, 2026
short_volume
Short Volume: ZS — 55.1% short (0.6M / 1.0M)
Short: 567,141 | Exempt: 2,184 | TRF Vol: 1,029,886 | Short Ratio: 55.1% | Off-exchange volume (dark pool + OTC)
May 19, 2026
contract
Zscaler Partners with Global System Integrators to Launch Project AI-Guardian to Help Accelerate Enterprise AI Adoption
New initiative combines Zscaler’s advanced AI security platform with GSI consulting expertise to secure the “agentic world,” helping to provide full v
May 11, 2026
short_volume
Short Volume: ZS — 55.1% short (0.6M / 1.0M)
Short: 550,199 | Exempt: 148 | TRF Vol: 997,842 | Short Ratio: 55.1% | Off-exchange volume (dark pool + OTC)
May 11, 2026
dark_pool
Dark Pool: ZS — 5.8M shares, 116,516 trades
Week starting 2026-05-11. Total ATS volume: 5,811,185 shares across 116,516 trades.
May 7, 2026
earnings
Zscaler to Host Third Quarter Fiscal Year 2026 Earnings Conference Call
Earnings Results to be Released on Tuesday, May 26, After the Close of the Market <pre>Earnings Results to be Released on Tuesday, May 26, After the C
May 6, 2026
short_volume
Short Volume: ZS — 58.9% short (0.5M / 0.8M)
Short: 476,562 | Exempt: 8,033 | TRF Vol: 809,438 | Short Ratio: 58.9% | Off-exchange volume (dark pool + OTC)
May 4, 2026
short_volume
Short Volume: ZS — 55.2% short (0.5M / 1.0M)
Short: 527,542 | Exempt: 0 | TRF Vol: 955,860 | Short Ratio: 55.2% | Off-exchange volume (dark pool + OTC)
May 4, 2026
dark_pool
Dark Pool: ZS — 3.6M shares, 85,101 trades
Week starting 2026-05-04. Total ATS volume: 3,615,320 shares across 85,101 trades.