Zscaler Executive Michael Rich Sells Over 4,000 Shares

Michael Rich sold 4,184 shares of Zscaler, Inc., netting over $528,000.

Written by EarningsIQ · Published Jun 17, 2026, 9:00 PM EDT · Updated Jun 18, 2026, 1:00 AM EDT

Key Points

Michael Rich, CRO and President of WW Sales at Zscaler, sold 4,184 shares, totaling $528,983.12, on June 16, 2026.
Zscaler, Inc., with a market cap of $20.57 billion, trades on NasdaqGS at around $127.23 per share.
Analysts maintain a positive outlook on Zscaler, with multiple firms setting buy ratings and price targets above $200.

Michael Rich, the Chief Revenue Officer and President of Worldwide Sales at Zscaler, Inc., sold 4,184 shares of the company. The transaction, occurring on June 16, 2026, was not part of a pre-arranged trading plan. The shares were sold at an average price of $126.43, bringing the total transaction value to approximately $528,983.12.

Insider Buying and Selling at Zscaler, Inc.

Several other insiders at Zscaler also sold shares on June 16, 2026. CEO and Chairman Jagtar Singh Chaudhry sold 2,878 shares, while Chief Product Officer Adam Geller sold 1,940 shares. Chief Legal Officer Robert Schlossman and Chief Financial Officer Kevin Rubin sold 3,146 and 1,686 shares, respectively. These transactions were also not part of any pre-arranged trading plans.

Other Institutional Activity in Zscaler, Inc.

Institutional investors have been active in Zscaler, with BlackRock, Inc. increasing its holdings by 737,561 shares, ending with 8,568,317 shares valued at about $1.2 billion. Vanguard Portfolio Management LLC added 5,930,635 shares, bringing its total to 5,930,635 shares worth approximately $832 million. First Trust Advisors LP boosted its position by 935,781 shares, reaching 3,518,678 shares valued at around $493.6 million.

Zscaler, Inc. Stock Snapshot

Shares of Zscaler, Inc. (NasdaqGS: ZS) are trading near $127.23. The company has a market capitalization of approximately $20.57 billion. It has a forward P/E ratio of 27.67 and a beta of 0.963, indicating moderate volatility compared to the market. The stock's 52-week range is between $114.63 and $336.99, with a 50-day moving average of $141.36 and a 200-day moving average of $213.09.

Analysts Set New Price Targets

Analysts remain bullish on Zscaler, with Stephens & Co. reiterating a buy rating and setting a price target of $200 on June 12, 2026. Canaccord Genuity maintained its buy rating with a $210 target on June 11. Macquarie also maintained a buy rating, setting a target of $172 on June 10. The consensus among analysts is a buy recommendation, with an average target price of $193.05 across 45 opinions.

About Zscaler, Inc.

Zscaler, Inc. is a global leader in cloud security, providing a wide range of cyber threat protection products. Based in San Jose, California, and led by CEO Jagtar Singh Chaudhry, the company serves various industries, including healthcare, finance, and technology. Zscaler's solutions focus on zero trust security, offering services like secure internet access, private application access, and data protection.

Bottom Line

Michael Rich's recent sale of Zscaler shares highlights ongoing insider trading activity at the company. Zscaler remains a significant player in the cloud security market, with a solid market cap and positive analyst sentiment. Investors closely watch insider transactions and analyst ratings as they gauge the company's future performance.