Why Zscaler Stock Rose 4.1% Today

Zscaler (ZS) is up 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: There does not appear to be a single fresh company-specific filing or earnings release driving the move today. This could be because investors rotated back into rate-sensitive software and cybersecurity names after weaker U.S. jobs data recently reduced some pressure around near-term rate hikes, while Zscaler still has a supportive backdrop from strong fiscal third-quarter results and continued AI security product momentum.

Details:

Zscaler’s latest quarterly update showed revenue growth of about 25% year over year, and the company raised its full-year fiscal 2026 revenue outlook.

The same quarterly outlook called for fourth-quarter revenue of $875 million to $878 million and non-GAAP operating income of $206 million to $208 million, reinforcing that the business is still expanding at a healthy pace.

Recent company product announcements highlighted new AI security capabilities, including enhancements to AI Protect and broader tools designed to secure agentic AI and enterprise AI adoption.

Broader market trading has recently favored growth and software shares after a weak U.S. payrolls report lowered Treasury yields and eased some expectations for an imminent Federal Reserve rate increase, which often helps higher-multiple cybersecurity stocks.

Sources:

Zscaler Investor Relations, SEC, AP News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ZS Insider Trading Activity

$ZS insiders have traded $ZS stock on the open market 21 times in the past 6 months. Of those trades, 0 have been purchases and 21 have been sales.

Here’s a breakdown of recent trading of $ZS stock by insiders over the last 6 months:

ADAM GELLER (Chief Product Officer) has made 0 purchases and 4 sales selling 8,336 shares for an estimated $1,144,670.
MICHAEL J. RICH (CRO and President of WW Sales) has made 0 purchases and 2 sales selling 7,331 shares for an estimated $1,021,779.
ROBERT SCHLOSSMAN (Chief Legal Officer) has made 0 purchases and 3 sales selling 5,531 shares for an estimated $770,417.
JAGTAR SINGH CHAUDHRY (CEO & Chairman) has made 0 purchases and 2 sales selling 4,819 shares for an estimated $667,811.
KEVIN RUBIN (Chief Financial Officer) has made 0 purchases and 7 sales selling 3,871 shares for an estimated $550,552.
RAJ JUDGE (EVP, Corp. Strategy & Ventures) sold 2,488 shares for an estimated $389,603
JAMES A BEER has made 0 purchases and 2 sales selling 354 shares for an estimated $49,388.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$ZS Hedge Fund Activity

We have seen 371 institutional investors add shares of $ZS stock to their portfolio, and 486 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 2,339,184 shares (-51.6%) from their portfolio in Q1 2026, for an estimated $328,164,123
VICTORY CAPITAL MANAGEMENT INC added 1,536,364 shares (+1108.1%) to their portfolio in Q2 2026, for an estimated $216,857,778
BLACKROCK, INC. added 1,322,067 shares (+15.4%) to their portfolio in Q2 2026, for an estimated $186,609,757
FEDERATED HERMES, INC. removed 1,074,482 shares (-89.2%) from their portfolio in Q1 2026, for an estimated $150,739,079
TWO SIGMA INVESTMENTS, LP added 974,678 shares (+483.9%) to their portfolio in Q1 2026, for an estimated $136,737,576
FIRST TRUST ADVISORS LP added 935,781 shares (+36.2%) to their portfolio in Q1 2026, for an estimated $131,280,716
PRICE T ROWE ASSOCIATES INC /MD/ removed 823,148 shares (-32.0%) from their portfolio in Q1 2026, for an estimated $115,479,432

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ZS Analyst Ratings

Wall Street analysts have issued reports on $ZS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Macquarie issued a "Outperform" rating on 02/27/2026

To track analyst ratings and price targets for $ZS, check out Quiver Quantitative's $ZS forecast page.

$ZS Price Targets

Multiple analysts have issued price targets for $ZS recently. We have seen 33 analysts offer price targets for $ZS in the last 6 months, with a median target of $200.0.

Here are some recent targets:

Jackson Ader from Keybanc set a target price of $176.0 on 06/25/2026
Todd Weller from Stephens & Co. set a target price of $200.0 on 06/12/2026
Kingsley Crane from Canaccord Genuity set a target price of $210.0 on 06/11/2026
Mike Cikos from Needham set a target price of $180.0 on 06/10/2026
Dan Ives from Wedbush set a target price of $220.0 on 06/10/2026
John Difucci from Guggenheim set a target price of $214.0 on 06/10/2026
Jonathan Ruykhaver from Cantor Fitzgerald set a target price of $225.0 on 06/10/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.