Zscaler (ZS) CLO Robert Schlossman Sells $398K of Stock

Zscaler Executives Trim Holdings in June

Robert Schlossman, the Chief Legal Officer of Zscaler, Inc. (NasdaqGS: ZS), sold 3,146 shares of the company's stock on June 16, 2026. The transaction was valued at $397,748.78, with the shares sold at an average price of $126.43. This move was not an isolated event, as it occurred alongside several other high-level executive sales at the cloud security firm.

On the same day, Zscaler's CEO and Chairman, Jagtar Singh Chaudhry, sold 2,878 shares for $363,865.54. Chief Financial Officer Kevin Rubin also sold 1,686 shares, bringing in $213,160.98. Other participants in the June 16 activity included Chief Product Officer Adam Geller, who sold 1,940 shares, and Michael Rich, the President of Worldwide Sales, who sold 4,184 shares. All these transactions were executed at the same $126.43 price point. A day later, on June 17, James Beer sold 177 shares at $125.50 through a pre-arranged Rule 10b5-1 plan, which lets insiders schedule trades in advance.

Zscaler Stock Performance and Valuation

On Thursday, Zscaler shares were trading near $124.38. This price is toward the lower end of its one-year range, which has seen a floor at $114.62 and a peak of $336.99. The stock is currently priced below its 50-day moving average of $189.91 and its 200-day moving average of $165.97. Despite the recent price dip, the company maintains a large market presence with a valuation of roughly $35.94 billion.

Recent Earnings for Zscaler

In its most recent financial updates, Zscaler reported annual revenue of $3.35 billion, representing a growth rate of 24.9%. The company is still working toward consistent profitability, as it posted a net margin of -1.89% and a return on equity of -2.87%. However, investors are looking ahead to the next earnings announcement, which is scheduled for November 24, 2026, to see if the firm can narrow its losses. The company currently shows a forward P/E ratio—which compares the stock price to projected earnings—of 39.20.

Analysts Set New Price Targets

Wall Street analysts have generally kept a positive outlook on the cybersecurity provider. On October 15, 2026, Citigroup maintained its Buy rating and lifted its price target to $260.00. Earlier that month, Amerx initiated coverage with a Buy rating and a high target of $305.00. Other firms, including Macquarie, UBS, and Jefferies, all reiterated positive ratings in October with targets between $250.00 and $265.00. Currently, the consensus among 44 analysts is a Buy, with an average price target of $233.72.

Secure Cloud Operations

Zscaler is a San Jose-based technology firm that specializes in cloud-native security. Its platform helps large organizations protect their data and employees by using a "Zero Trust" approach, which means it doesn't automatically trust any user or device trying to access a network. As companies move more of their work to the cloud and adopt AI tools, Zscaler's services have become a central part of modern corporate defense.

What's Ahead for Zscaler, Inc.

Investors often monitor insider sales to see how leadership views the stock's current value, though these sales are often planned months in advance for personal financial reasons. The cluster of sales in mid-June suggests a coordinated window for executives to diversify their holdings. The next major catalyst for the stock will likely be the late-November earnings report, which will provide fresh data on Zscaler's ability to turn its double-digit revenue growth into bottom-line profits.