Recent Earnings Reaction: Zscaler (ZS) has sparked intense discussion on X following its latest quarterly earnings report, which showed a revenue increase of 26% year-over-year to $788.1 million. Despite beating expectations with a strong earnings per share, the stock saw a significant decline of over 10% due to concerns over future billings and guidance. Investors are split on whether this dip signals deeper issues or a buying opportunity.
AI Security Growth: A bright spot in the chatter on X is Zscaler’s AI security segment, with annual recurring revenue reportedly growing over 80% year-over-year. Many users highlight the company’s early achievement of a $400 million target in this area as a sign of robust innovation. The focus on AI and cloud security is fueling optimism among some, even as broader market concerns linger.
Note: This discussion summary was generated from an AI condensation of post data.
Zscaler Insider Trading Activity
Zscaler insiders have traded $ZS stock on the open market 52 times in the past 6 months. Of those trades, 0 have been purchases and 52 have been sales.
Here’s a breakdown of recent trading of $ZS stock by insiders over the last 6 months:
- AJAY MANGAL has made 0 purchases and 12 sales selling 120,000 shares for an estimated $36,106,497.
- CHARLES H GIANCARLO has made 0 purchases and 8 sales selling 67,824 shares for an estimated $20,416,445.
- ADAM GELLER (Chief Product Officer) has made 0 purchases and 9 sales selling 28,328 shares for an estimated $8,153,294.
- ROBERT SCHLOSSMAN (Chief Legal Officer) has made 0 purchases and 13 sales selling 25,420 shares for an estimated $7,700,470.
- MICHAEL J. RICH (CRO and President of WW Sales) has made 0 purchases and 3 sales selling 25,996 shares for an estimated $7,617,249.
- ANDREW WILLIAM FRASER BROWN has made 0 purchases and 2 sales selling 20,333 shares for an estimated $6,033,118.
- RAJ JUDGE (EVP, Corp. Strategy & Ventures) has made 0 purchases and 2 sales selling 7,481 shares for an estimated $2,167,927.
- JAGTAR SINGH CHAUDHRY (CEO & Chairman) has made 0 purchases and 2 sales selling 5,714 shares for an estimated $1,669,445.
- SYAM NAIR (CTO) sold 4,064 shares for an estimated $1,234,245
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Zscaler Hedge Fund Activity
We have seen 507 institutional investors add shares of Zscaler stock to their portfolio, and 420 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG removed 1,236,962 shares (-69.1%) from their portfolio in Q3 2025, for an estimated $370,668,032
- PRICE T ROWE ASSOCIATES INC /MD/ added 1,077,613 shares (+150.2%) to their portfolio in Q3 2025, for an estimated $322,917,511
- CITADEL ADVISORS LLC removed 1,023,480 shares (-85.3%) from their portfolio in Q3 2025, for an estimated $306,696,016
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 948,836 shares (+39.2%) to their portfolio in Q3 2025, for an estimated $284,328,195
- AQR CAPITAL MANAGEMENT LLC added 741,756 shares (+61.8%) to their portfolio in Q3 2025, for an estimated $222,274,602
- VANGUARD GROUP INC added 652,771 shares (+6.1%) to their portfolio in Q3 2025, for an estimated $195,609,357
- D. E. SHAW & CO., INC. removed 645,603 shares (-34.3%) from their portfolio in Q3 2025, for an estimated $193,461,394
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Zscaler Analyst Ratings
Wall Street analysts have issued reports on $ZS in the last several months. We have seen 20 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Baird issued a "Outperform" rating on 11/26/2025
- JP Morgan issued a "Overweight" rating on 11/26/2025
- BTIG issued a "Buy" rating on 11/26/2025
- Bernstein issued a "Outperform" rating on 11/26/2025
- Rosenblatt issued a "Buy" rating on 11/26/2025
- B of A Securities issued a "Buy" rating on 11/26/2025
- Needham issued a "Buy" rating on 11/26/2025
To track analyst ratings and price targets for Zscaler, check out Quiver Quantitative's $ZS forecast page.
Zscaler Price Targets
Multiple analysts have issued price targets for $ZS recently. We have seen 28 analysts offer price targets for $ZS in the last 6 months, with a median target of $340.0.
Here are some recent targets:
- Brian Essex from JP Morgan set a target price of $354.0 on 11/26/2025
- Shrenik Kothari from Baird set a target price of $360.0 on 11/26/2025
- Roger Boyd from UBS set a target price of $340.0 on 11/26/2025
- Patrick Colville from Scotiabank set a target price of $320.0 on 11/26/2025
- Adam Borg from Stifel set a target price of $320.0 on 11/26/2025
- Trevor Walsh from Citizens set a target price of $355.0 on 11/26/2025
- Mike Cikos from Needham set a target price of $310.0 on 11/26/2025
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.
