Judge Raj of Zscaler sells $1.26 million in shares

Raj Judge, evp at Zscaler, sold 4,524 shares of Zscaler, Inc. (NASDAQ:ZS) common stock on September 16, 2025, for a total of $1.26 million. The shares were sold at a weighted average price of $280.6985, with individual sales prices ranging from $280.6980 to $280.6992. The sale comes as Zscaler, now valued at $44.26 billion, shows impressive performance with a 66% return over the past year and maintains strong 77% gross profit margins. According to InvestingPro analysis, the stock appears slightly overvalued at current levels.

On September 15, 2025, Judge also acquired 2,067 shares of common stock. These shares were obtained through restricted stock units granted upon the achievement of certain performance metrics, with a value of $0. InvestingPro subscribers can access 12 additional key insights about Zscaler’s valuation and growth prospects through the comprehensive Pro Research Report.

In other recent news, Zscaler reported its fourth-quarter 2025 earnings, which revealed a significant earnings per share (EPS) miss. The company posted an EPS of -$0.11, falling short of the expected $0.80, despite exceeding revenue expectations with $719 million compared to the forecasted $706.95 million. In response to the earnings results, Freedom Capital Markets upgraded Zscaler’s stock rating from Hold to Buy, raising the price target to $320.00, citing strong results and resilient demand for its security solutions. Truist Securities reiterated its Buy rating with a $350.00 price target, expressing increased confidence in Zscaler’s long-term platform strategy. Canaccord Genuity also adjusted its price target upward to $340.00, maintaining a Buy rating and highlighting Zscaler’s robust technology moat and strong platform uptake. These developments reflect a positive outlook from analysts despite the earnings miss. The upgrades and price target adjustments indicate continued confidence in Zscaler’s business strategy and technological advancements.

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