Zscaler CFO Kevin Rubin Sells Shares Worth $213,160
Zscaler's CFO, Kevin Rubin, sold 1,686 shares on June 16, 2026, amid strong analyst support.
Key Points
- Kevin Rubin, Zscaler's CFO, sold 1,686 shares on June 16, 2026, for about $213,160 at an average price of $126.43.
- Shares of Zscaler traded at $127.23 with a market cap of $20.57 billion and a forward P/E ratio of 27.67.
- Analysts remain positive, with firms like Stephens and Wedbush reiterating 'buy' ratings and setting price targets as high as $220.
On June 16, 2026, Kevin Rubin, the Chief Financial Officer of Zscaler, Inc. (NasdaqGS: ZS), sold 1,686 shares of the company. This transaction was valued at approximately $213,161, with an average sale price of $126.43 per share. Rubin's sale was not made under a pre-planned trading program.
Insider Buying and Selling at Zscaler, Inc.
Alongside Kevin Rubin, several other Zscaler insiders, including CEO Jagtar Singh Chaudhry and Chief Product Officer Adam Geller, also engaged in stock sales on the same day. These sales were not part of pre-arranged plans, indicating a common decision among the company's leadership.
Other Institutional Activity in Zscaler, Inc.
Institutional investors have been active in Zscaler recently. BlackRock, Inc. increased its holdings by 737,561 shares, bringing its total to 8,568,317 shares valued at approximately $1.20 billion. First Trust Advisors LP also added 935,781 shares, resulting in a total of 3,518,678 shares worth about $493.6 million. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both initiated significant positions, each with over 4.6 million shares.
Zscaler, Inc. Stock Snapshot
Shares of Zscaler traded at $127.23, reflecting a market capitalization of $20.57 billion. The company has a forward P/E ratio of 27.67 and a beta of 0.963, indicating moderate volatility compared to the market. Zscaler's stock has seen a 52-week low of $114.63 and a high of $336.99, with moving averages of $141.36 (50-day) and $213.09 (200-day). The company maintains a current ratio of 1.861 and a quick ratio of 1.718, with a debt-to-equity ratio of 78.94.
Recent Earnings
Zscaler reported revenue of approximately $3.17 billion, achieving a growth rate of 25.4%. However, the company posted a net margin of -2.44% and a return on equity of -3.71%, reflecting ongoing challenges in achieving profitability. The next earnings report is anticipated on September 2, 2026.
Analysts Set New Price Targets
Analysts continue to show confidence in Zscaler, with several firms reiterating 'buy' ratings. On June 12, 2026, Stephens & Co. maintained a 'buy' rating with a price target of $200. Similarly, Canaccord Genuity set a target of $210 on June 11, while Wedbush has a more optimistic target of $220, reiterated on June 10. Overall, the analyst consensus remains a 'buy', with an average target price of $193.05 across 45 opinions.
About Zscaler, Inc.
Zscaler, Inc. is a technology company specializing in cloud security solutions. Headquartered in San Jose, California, and led by CEO Jagtar Singh Chaudhry, the company provides a range of cybersecurity products designed to protect against threats and secure data for enterprises worldwide. Zscaler serves various industries, including automotive, healthcare, and telecommunications, with a workforce of approximately 7,923 employees.
Bottom Line
Kevin Rubin's recent sale of Zscaler shares highlights insider activity within the company. While the stock has experienced volatility, analysts remain optimistic about its potential, as reflected in their 'buy' ratings and high price targets. It's important to note that insider transactions can happen for various reasons and do not necessarily indicate future stock performance.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.