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SAN JOSE, CA—On June 9, 2025, Mangal Ajay, a ten percent owner of Zscaler, Inc. (NASDAQ:ZS), executed a series of transactions involving the sale of the company’s common stock. The transactions, disclosed in a recent SEC filing, involved the sale of shares valued at approximately $36.1 million. The cloud security company, currently valued at $46.62 billion, has demonstrated impressive growth with revenue increasing 25.46% over the last twelve months.
The shares were sold at prices ranging from $300.6645 to $302.1158 per share, with the stock trading near its 52-week high of $306.77. According to InvestingPro analysis, technical indicators suggest the stock is in overbought territory. The sales were conducted through multiple transactions, with the shares held by various trusts for which Mr. Mangal serves as trustee. Following these transactions, Mr. Mangal’s indirect ownership through these trusts remains significant, showcasing his continued stake in the company.
The transactions reflect Mr. Mangal’s strategic management of his holdings in Zscaler, a leading cloud security company headquartered in San Jose, California. The company maintains impressive gross profit margins of 77.46% and has delivered strong returns, with the stock up 44.22% over the past six months. Investors often closely monitor such insider transactions as they provide insights into the confidence levels of key stakeholders in the company’s future performance. For deeper insights into Zscaler’s valuation and 16 additional expert tips, check out the comprehensive analysis available on InvestingPro.
In other recent news, Zscaler has seen a series of positive analyst actions and strategic developments. Cantor Fitzgerald raised its price target for Zscaler to $340, citing accelerated billings and adoption of cloud security, data protection, and AI analytics. Truist Securities also increased its price target to $350, maintaining a Buy rating, following Zscaler’s investor briefing that highlighted advancements in Zero Trust architecture and customer acquisition. Similarly, Deutsche Bank (ETR:DBKGn) raised its price target to $350, reflecting customer enthusiasm for Zscaler’s zero trust platform and its potential to reach a $5 billion annual recurring revenue milestone. Scotiabank (TSX:BNS) set a new price target of $360, acknowledging Zscaler’s leadership in the SASE market and the opportunities presented by its offerings like Zscaler Private Access. Meanwhile, Citizens JMP reaffirmed its Market Outperform rating with a price target of $310, after attending the company’s Zenith Live 2025 event, which showcased Zscaler’s strategic direction in cloud security. These developments demonstrate sustained confidence from analysts in Zscaler’s growth prospects and strategic initiatives.
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