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SAN JOSE, CA—Robert Schlossman, Chief Legal Officer at Zscaler, Inc. (NASDAQ:ZS), a cybersecurity company with a market capitalization of $39.1 billion and impressive gross profit margins of ~78%, recently sold 3,590 shares of the company’s common stock. The transaction, executed on May 16, 2025, was carried out under a Rule 10b5-1 trading plan adopted on June 29, 2024. Schlossman sold the shares at a price of $250 each, totaling $897,500. The sale comes as Zscaler trades near its 52-week high, with the stock showing strong momentum and revenue growth of ~28% year-over-year. Following the sale, he retains direct ownership of 100,230 shares. Additionally, 66 shares are held indirectly by Schlossman’s spouse. InvestingPro analysis indicates the stock is currently overvalued, with 13 additional key insights available to subscribers.
In other recent news, Zscaler has been the focus of several analyst updates and price target adjustments. KeyBanc Capital Markets has raised its price target for Zscaler to $290, maintaining an Overweight rating, citing the company’s strong position in the Secure Access Service Edge market and expected improvements in billings. Loop Capital Markets also increased its price target to $250, though it kept a Hold rating, highlighting Zscaler’s billing prospects and improvements in sales productivity despite some renewal pressures. Stifel analysts raised their price target to $270 and reiterated a Buy rating, noting robust checks and a history of exceeding expectations, while anticipating discussions around demand trends and fiscal guidance in the upcoming earnings report.
Cantor Fitzgerald lifted its price target to $250, reaffirming an Overweight rating, driven by Zscaler’s performance exceeding expectations, particularly with its Internet Access and Private Access offerings. The firm also noted a record Annual Recurring Revenue from workload protection. Stephens initiated coverage with a $255 target and an Overweight rating, emphasizing Zscaler’s leadership in cloud-based security and its potential for top-line growth in high-demand sectors like cloud security and AI. These developments reflect a broad confidence in Zscaler’s strategic positioning and growth potential, despite competitive pressures and upcoming leadership transitions.
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