Insider Cluster (6 insiders) ·Filed Mar 17, 2026

ZS

Zscaler, Inc.
NEUTRAL
Impact 4/10
Horizondays Processed6mo ago
Insider cluster: 6 insiders, $1.8M total
Actionable Insight • Neutral

Monitor for follow-up filings or commentary around earnings or guidance; while this cluster is small in absolute terms, the concentration among top executives could signal cautious sentiment if repeated in future periods.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
ZS ▼ -19.10% at T+60d
NEUTRAL call ✗ call lost -19.10% · α vs SPY -28.96% · entry $155.54 → $125.84
Entry anchored
Mar 16, 03:59 PM ET
via exchange tick
T+1d
+0.26%
call +0.26% · α +1.66%
$155.95
settled 7mo ago
T+5d
-10.77%
call -10.77% · α -8.11%
$138.79
settled 6mo ago
T+20d
-15.82%
call -15.82% · α -20.12%
$130.94
settled 6mo ago
T+60d
-19.10%
call -19.10% · α -28.96%
$125.84
settled 4mo ago

Price Chart

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Executive Summary

Six Zscaler insiders, including the CEO, CFO, CRO, and other C-suite executives, sold shares in a coordinated 7-day window, totaling approximately $1.83 million in open-market transactions. The sales represent a modest but notable cluster, with all transactions occurring at prices near $156.59, suggesting routine portfolio management rather than an emergency dump.

Key Financial Metrics

Direction
selling
Total Value
$1.8M
Insiders
6

Key Facts

  • CEO Jagtar Singh Chaudhry sold $303,947 worth of shares, representing a small portion of his holdings.
  • All six transactions were open-market sales (code S), not driven by derivatives or tax events.
  • Total cluster value: ~$1.83 million, representing just 0.007% of Zscaler's $25.1B market cap.
  • Sales occurred over two days, with five executives selling on March 17 at the same price.
  • No insider purchases were reported in this cluster.

Financial Impact

$1.83 million in insider sales over 7 days

insider sentimentshareholder confidence

Risk Factors

  • Perception of lack of confidence if sales continue in next quarter.
  • Potential for negative interpretation given the concentration of C-suite sellers.

Market Snapshot

Exchange
Nasdaq
Analyst Consensus
84% bullish (57 analysts)

Investment Themes

Cloud & SaaSCybersecurity

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (6 trades, 7d window)cluster-ZS-1773952809836
22 reports for ZS
Performance horizon
80% Hit rate 4 of 5 directional calls best @ T+60▲ +8.22%Jun 1, 2026
Filters
Rows
Reports for ZS — sortable, filterable
TypeNow
Aug 6, 2026
8w ago
Press Release
NEUTRAL ★ 4/10
$162.60 $177.80▲ +9.35%▲ +8.75%$200.21 (+23.13%)
Jul 28, 2026
9w ago
Press Release
NEUTRAL ★ 4/10
$151.63 $168.42▲ +11.07%▲ +7.69%$200.21 (+32.04%)
Jun 25, 2026
14w ago
144
NEUTRAL ★ 2/10
$132.26 $139.70▲ +5.63%▲ +4.36%$200.21 (+51.38%)
Jun 18, 2026
15w ago
Insider Cluster
NEUTRAL ★ 2/10
$124.85 $146.43▲ +17.28%▲ +16.75%$200.21 (+60.36%)
Jun 18, 2026
15w ago
Insider Cluster
NEUTRAL ★ 2/10
$124.85 $146.43▲ +17.28%▲ +16.75%$200.21 (+60.36%)
Jun 18, 2026
15w ago
Insider Cluster
NEUTRAL ★ 2/10
$124.85 $146.43▲ +17.28%▲ +16.75%$200.21 (+60.36%)
Jun 17, 2026
15w ago
144
NEUTRAL ★ 1/10
$124.85 $146.43▲ +17.28%▲ +16.75%$200.21 (+60.36%)
Jun 16, 2026
15w ago
144
NEUTRAL ★ 2/10
$124.38 $146.43▲ +17.73%▲ +16.41%$200.21 (+60.97%)
Jun 16, 2026
15w ago
144
NEUTRAL ★ 2/10
$124.38 $146.43▲ +17.73%▲ +16.41%$200.21 (+60.97%)
Jun 16, 2026
15w ago
144
NEUTRAL ★ 2/10
$124.38 $146.43▲ +17.73%▲ +16.41%$200.21 (+60.97%)
Showing 10 of 22

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Report published Mar 19, 2026