Zscaler gains as investor-day outlook and analyst target hikes support shares

Zscaler, Inc. (ZS) is up 3.3% today. Here is some analysis on what might have caused this price movement. ([ir.zscaler.com](https://ir.zscaler.com/news-releases/news-release-details/zscaler-hosts-2026-investor-day-reaffirms-first-quarter-and?utm_source=openai))

Analysis: The most likely driver is continued follow-through from Zscaler’s October 6, 2026 investor day, where it reaffirmed first-quarter and fiscal 2027 guidance and outlined a larger long-term growth opportunity tied to AI-era security. A wave of price-target increases from Wall Street after that event appears to have reinforced bullish sentiment and helped keep momentum in the stock. ([ir.zscaler.com](https://ir.zscaler.com/news-releases/news-release-details/zscaler-hosts-2026-investor-day-reaffirms-first-quarter-and?utm_source=openai))

Details:

Zscaler filed an 8-K and issued an investor-day release on October 6, 2026, reaffirming its first-quarter and full-year fiscal 2027 guidance. ([ir.zscaler.com](https://ir.zscaler.com/news-releases/news-release-details/zscaler-hosts-2026-investor-day-reaffirms-first-quarter-and?utm_source=openai))

The company presented a long-range framework that highlighted an $8 billion ARR path, with a higher upside scenario linked to stronger AI adoption. ([ir.zscaler.com](https://ir.zscaler.com/node/16681/pdf?utm_source=openai))

Several firms lifted their price targets after the event, including TD Cowen, Baird, Stephens, and Needham, signaling improved confidence in growth durability. ([tipranks.com](https://www.tipranks.com/news/the-fly/zscaler-price-target-raised-to-230-from-200-at-td-cowen-thefly-news?utm_source=openai))

This could also be because investors are rewarding relative strength in cybersecurity names as Zscaler extends a strong run over recent weeks. ([zacks.com](https://www.zacks.com/stock/news/3002925/zscaler-soars-45-in-3-months-hold-the-stock-or-book-profits?cid=CS-ZC-FT-analyst_blog%7Cmost_popular_stocks-3002925&utm_source=openai))

Sources:

Zscaler Investor Relations, SEC, TipRanks, StockAnalysis

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 39 times in the past 6 months. Of those trades, 0 have been purchases and 39 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 5 sales selling 15,580 shares for an estimated $2,678,242.
ROBERT SCHLOSSMAN (Chief Legal Officer) has made 0 purchases and 4 sales selling 10,987 shares for an estimated $1,943,021.
KEVIN RUBIN (Chief Financial Officer) has made 0 purchases and 24 sales selling 9,168 shares for an estimated $1,625,051.
MICHAEL J. RICH (CRO and President of WW Sales) has made 0 purchases and 2 sales selling 8,292 shares for an estimated $1,320,850.
JAGTAR SINGH CHAUDHRY (CEO & Chairman) has made 0 purchases and 2 sales selling 5,730 shares for an estimated $913,623.
JAMES A BEER has made 0 purchases and 2 sales selling 354 shares for an estimated $56,199.

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.

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$ZS Hedge Fund Activity

We have seen 395 institutional investors add shares of $ZS stock to their portfolio, and 377 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 1,839,487 shares (-84.0%) from their portfolio in Q2 2026, for an estimated $259,643,590
TIGER GLOBAL MANAGEMENT LLC removed 1,579,766 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $222,983,970
VICTORY CAPITAL MANAGEMENT INC added 1,536,364 shares (+1108.1%) to their portfolio in Q2 2026, for an estimated $216,857,778
AMERICAN CENTURY COMPANIES INC removed 1,517,931 shares (-63.7%) from their portfolio in Q2 2026, for an estimated $214,255,960
JERICHO CAPITAL ASSET MANAGEMENT L.P. added 1,362,862 shares (+inf%) to their portfolio in Q2 2026, for an estimated $192,367,971
BLACKROCK, INC. added 1,322,067 shares (+15.4%) to their portfolio in Q2 2026, for an estimated $186,609,757
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,257,901 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $177,552,726

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 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 $195.0.

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.