Zscaler (ZS) Chief Product Officer Adam Sells $5.4M of Stock

Geller Adam, the Chief Product Officer at Zscaler, Inc. (NasdaqGS: ZS), sold 23,958 shares on October 9, 2026, at a price of $225.43 each. This sale is valued at approximately $5.4 million. The transaction was part of a planned trading strategy.

Inside Geller Adam's Trade

Geller's sale of 23,958 shares represents a significant move for him, as it reflects his current holdings. This transaction was made at a price of $225.43 per share.

Other Institutional Activity in Zscaler

Blackrock Inc. holds 9,890,384 shares of Zscaler, valued at about $2.05 billion, after increasing its stake by 1,322,088 shares, a 15.4% increase. Vanguard Portfolio Management LLC owns 6,196,726 shares worth around $1.29 billion, having added 266,277 shares, a 4.5% increase. Vanguard Capital Management LLC's stake grew by 60,590 shares, ending with 4,721,393 shares valued at approximately $979.1 million, a 1.3% increase. First Trust Advisors LP has 3,529,213 shares valued at about $731.9 million, after a slight increase of 10,556 shares, or 0.3%. Goldman Sachs Group Inc. holds 3,161,548 shares worth around $655.6 million, having increased its holdings by 236,626 shares, an 8.1% rise.

Zscaler, Inc. Stock Down 6.4%

Zscaler shares recently traded around $206.66, which is above its 50-day average of $189.91 and 200-day average of $165.97. However, it remains below its 52-week high of $336.99, indicating the stock has seen some significant volatility over the past year. The current price is also about 11.6% below the mean analyst price target of $233.72.

Recent Earnings

Zscaler reported trailing twelve-month revenue of approximately $3.35 billion, with a year-over-year revenue growth of 24.9%. However, the company has a negative net margin of -1.9% and a return on equity of -2.9%. The next earnings report is expected on November 24, 2026.

Insider Buying and Selling at Zscaler, Inc.

In addition to Geller's sale, other insiders have made trades recently. Kevin Rubin, the Chief Financial Officer, sold 1,686 shares at $126.43 on June 16, 2026, for about $213,161. Robert Schlossman, the Chief Legal Officer, sold 3,146 shares on the same day, totaling around $397,749. CEO Chaudhry Jagtar Singh sold 2,878 shares at the same price for approximately $363,866. On June 17, 2026, James Beer sold 177 shares at $125.50, valued at about $22,213.

Analysts Set New Price Targets

On October 7, 2026, Macquarie maintained an 'Outperform' rating with a target of $250. UBS also maintained a 'Buy' rating with a target of $250. Citigroup maintained a 'Buy' rating with a target of $245. On October 8, 2026, Amerx initiated coverage with a 'Buy' rating and a target of $305. On the same day as Geller's sale, Citizens reiterated its 'Market Outperform' rating, raising its price target to $265.

About Zscaler

Zscaler, Inc. operates as a cloud security company, providing services worldwide. The firm focuses on helping organizations secure their digital transformation and cloud adoption. The recent insider trading and analyst ratings reflect ongoing interest in the company's potential growth, especially as it approaches its next earnings date.

Bottom Line

Investors should keep an eye on Zscaler's upcoming earnings report on November 24, 2026, for insights into its financial performance. The recent insider trades and analyst ratings may provide further context for understanding the company's direction.