Zscaler's Chief Legal Officer Sells Shares

Robert Schlossman sold 3,146 shares of Zscaler, Inc. on June 16, 2026.

Written by EarningsIQ · Published Jun 17, 2026, 9:01 PM EDT · Updated Jun 18, 2026, 1:00 AM EDT

Key Points

On June 16, 2026, Robert Schlossman sold 3,146 shares of Zscaler, Inc. at $126.43 each, totaling $397,748.78.
Zscaler, Inc. trades on the NasdaqGS under the symbol ZS, with a market cap of approximately $20.57 billion.
Analysts maintain a 'buy' consensus for Zscaler with a target mean price of $193.05, supported by recent insider sales.

Robert Schlossman, the Chief Legal Officer of Zscaler, Inc. (NasdaqGS: ZS), sold 3,146 shares of the company on June 16, 2026. The shares were sold at an average price of $126.43, amounting to a total transaction value of $397,748.78. This sale was not part of a pre-arranged trading plan.

Insider Buying and Selling at Zscaler, Inc.

In addition to Schlossman's sale, several other Zscaler executives sold shares on the same day. CEO and Chairman Jagtar Singh Chaudhry sold 2,878 shares, Chief Product Officer Adam Geller sold 1,940 shares, and CRO and President of Worldwide Sales Michael Rich sold 4,184 shares, all at the price of $126.43 per share.

Other Institutional Activity in Zscaler, Inc.

Several 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 $1.2 billion. Vanguard Portfolio Management LLC added 5,930,635 shares, now holding 5,930,635 shares worth about $832 million. First Trust Advisors LP also boosted its position by 935,781 shares to a total of 3,518,678 shares valued at $493.6 million.

Zscaler, Inc. Stock Snapshot

Shares of Zscaler, Inc. are trading around $127.23. The company has a market capitalization of about $20.57 billion and a forward P/E ratio of 27.67. Its beta is 0.963, indicating moderate volatility. 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 are optimistic about Zscaler's prospects. On June 12, 2026, Stephens & Co. reiterated a 'buy' rating with a price target of $200. Canaccord Genuity maintained its 'buy' rating with a $210 target on June 11. Overall, the consensus recommendation is 'buy', with an average target price of $193.05, based on 45 analyst opinions.

About Zscaler, Inc.

Zscaler, Inc. is a technology company headquartered in San Jose, California. It specializes in cloud security solutions that protect against cyberthreats. Its services include internet access, private access solutions, and data security products. Led by CEO Jagtar Singh Chaudhry, Zscaler serves customers worldwide across various industries, including healthcare, finance, and technology.

Bottom Line

Robert Schlossman's recent sale of Zscaler shares is part of a broader trend of insider selling at the company. While insider sales can raise questions, they might also be routine transactions. Zscaler continues to attract interest from institutional investors and analysts, who maintain a positive outlook on its stock. As always, it's important for investors to consider multiple factors and conduct thorough research when evaluating stock decisions.