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SAN JOSE, CA — Nair Syam, the Chief Technology Officer of Zscaler, Inc. (NASDAQ:ZS), recently sold 3,353 shares of the company’s common stock. The shares were sold at an average price of $199.1463 per share, amounting to a total transaction value of approximately $667,737. The cybersecurity company, currently valued at $31.5 billion, has seen its stock rise 7.6% in the past week, trading near its 52-week high of $217.84.
This transaction was executed on March 18, 2025, as part of an automatic sale to cover tax withholding obligations related to the vesting of restricted stock units. Following the sale, Syam holds 139,513 shares of Zscaler stock directly.
The sale was not a discretionary trade by Syam but was mandated under the company’s equity incentive plans.
In other recent news, Zscaler reported a strong second-quarter performance with a 23% increase in revenue and a 22% free cash flow margin, reinforcing its positive growth outlook. UBS analyst Roger Boyd raised the price target for Zscaler shares to $260, citing the company’s robust fourth-quarter billings performance and potential growth in the US Federal market. Stifel analysts maintained their Buy rating with a $235 target, highlighting Zscaler’s progress in areas like Data Protection and AI, as well as its expanding zero trust security portfolio.
Cantor Fitzgerald increased its price target to $220 while keeping a Neutral rating, noting Zscaler’s earnings exceeded consensus estimates, leading to an updated full-year guidance. TD Cowen reiterated a Buy rating with a $270 target, emphasizing Zscaler’s successful execution and strategic use of AI and Zero Trust solutions. Analysts have also noted Zscaler’s ability to capture a larger share of the cybersecurity market, with its serviceable available market now estimated at $96 billion. The company’s product innovation and platform-centric approach have been key drivers of its recent success.
Zscaler’s management remains confident in its trajectory, with plans to triple the adoption of its Zero Trust Everywhere platform by fiscal year 2026. The firm’s strategic investments and growing enterprise adoption of its solutions continue to support its strong market positioning.
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