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Ajay Mangal, a ten percent owner of Zscaler, Inc. (NASDAQ:ZS), recently sold a significant portion of the company’s stock. The transactions, which took place on March 17, 2025, involved the sale of common stock amounting to approximately $38.2 million. The shares were sold at prices ranging from $200.25 to $202.07 per share. With a current market capitalization of $31.64 billion and trading near its 52-week high, InvestingPro analysis suggests the stock is slightly overvalued at current levels.
These sales were conducted through trusts for which Mangal serves as a trustee, including The CJCP Trust and various CKS Trusts. Following these transactions, Mangal maintains a substantial holding in Zscaler, with over 21 million shares still in his possession, reflecting his continued investment in the company. The company demonstrates strong operational efficiency with impressive gross profit margins of 77.86%. InvestingPro subscribers can access 12 additional key insights about Zscaler’s financial health and growth prospects.
Investors often closely monitor such transactions to gauge insider sentiment about the company’s future prospects. Despite recent insider selling, Zscaler maintains robust financial health, evidenced by its strong cash position and solid growth metrics.
In other recent news, Zscaler has reported impressive financial results, with a 23% increase in revenue and a 22% free cash flow margin for the second quarter. The company also saw a 23% growth in Annual Recurring Revenue, reflecting strong demand for its services. Following these results, Zscaler has updated its fiscal year 2025 guidance, projecting higher revenue, billings, operating profit, earnings per share, and free cash flow than previously anticipated. Analysts from TD Cowen, UBS, and Stifel have all maintained a Buy rating on Zscaler’s stock, with price targets of $270, $260, and $235, respectively. UBS highlighted Zscaler’s strong fourth-quarter billings performance and potential growth within the US Federal market. Stifel emphasized the company’s effective go-to-market strategies and its expanding zero trust security portfolio. Meanwhile, Cantor Fitzgerald raised its price target to $220, maintaining a Neutral rating, and noted Zscaler’s strong execution amidst economic challenges. These developments underscore Zscaler’s strategic positioning and growth potential in the cybersecurity market.
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