Market Cap
$32.5B
ZS
Zscaler, Inc.
$198.33 ▼ -0.23%
Prev close $198.78Market cap$32.5B
ConsensusBuy
12-mo target$210.13 (+6.0%)
▲ Bullish
Analyst conviction 8/10
Insider Selling Cluster (6 insiders)35 New Institutional Positions15 Institutional Exits Cloud & SaaSCybersecurity
Snapshot
The big-picture read on ZS right now — valuation, ownership and activity at a glance.
Cap Size
Large Cap
Analyst Consensus
Strong Buy (79%)
Inst. Holders
50 funds
Inst. Value
$10.2B
Inst. Activity
35 buys / 15 sells
Insider Activity
$0.00 buy / $10.1M sell
Insider Net $
-$10.1M
Social Sentiment
52° Neutral
SEC Reports
17
Press Releases
5
Price chart 30d +14.8%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Sep 30, 2026 other
New Zscaler Report Reveals AI-Assisted Attackers Move to Massive Data Theft, Executive Targeting, and Millions in Extortion Payments
New Zscaler ThreatLabz 2026 Ransomware Report finds attackers stole nearly 900 terabytes of data, in
Sep 25, 2026 Insider
RUBIN KEVIN sold 9 shares
Chief Financial Officer @ $199.71 ($1.8K)
Sep 25, 2026 Insider
RUBIN KEVIN sold 100 shares
Chief Financial Officer @ $194.76 ($19.5K)
Sep 25, 2026 Insider
Jul 28, 2026 Press RUBIN KEVIN sold 189 shares
Chief Financial Officer @ $195.64 ($37.0K)
Zscaler announced a strategic partnership with Schwarz Digits to offer a sovereign Zero Trust SASE service hosted on STA
Impact 4/10
Jun 30, 2026 Inst.
Jericho Capital Asset Management — NEW
1,362,862 shares ($192.4M)
Jun 30, 2026 Inst.
Jun 9, 2026 Press MILLENNIUM MANAGEMENT LLC — DOUBLED
1,129,691 shares ($159.5M)
Zscaler announced the expansion of Project AI-Guardian to include technology alliance partners such as AWS, Google Cloud
Impact 4/10
Analyst ratings buy % +2.6%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
79% rate it Buy or better · 57 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 29, 2026 | Barclays | MAINTAIN | Overweight | 54% |
| Sep 28, 2026 | Wedbush | REITERATE | Outperform | 57% |
| Sep 25, 2026 | RBC Capital | MAINTAIN | Outperform | 55% |
| Sep 25, 2026 | Mizuho | MAINTAIN | Outperform | 52% |
| Sep 17, 2026 | Bernstein | MAINTAIN | Outperform | 51% |
| Sep 8, 2026 | Citigroup | MAINTAIN | Buy | 55% |
| Sep 4, 2026 | Macquarie | MAINTAIN | Outperform | 55% |
| Sep 4, 2026 | Piper Sandler | MAINTAIN | Neutral | 54% |
| Sep 4, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | 55% |
| Sep 4, 2026 | BMO Capital | MAINTAIN | Outperform | 53% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 16 | 29 | 12 | 0 | 0 | 79% | |
| Aug 1, 2026 | 16 | 30 | 11 | 0 | 0 | 81% | |
| Jul 1, 2026 | 16 | 30 | 11 | 0 | 0 | 81% | |
| Jun 1, 2026 | 15 | 30 | 13 | 0 | 0 | 78% | |
| May 1, 2026 | 15 | 32 | 11 | 0 | 0 | 81% | |
| Apr 1, 2026 | 16 | 33 | 9 | 0 | 0 | 84% | |
| Mar 1, 2026 | 15 | 33 | 9 | 0 | 0 | 84% | |
| Feb 1, 2026 | 15 | 32 | 10 | 0 | 0 | 82% |
Price targets
Where 44 covering analysts think ZS trades over the next 12 months.
$210.13 +6.0% upside Buy
Current$198.33 Low$155.00 Median$214.50 High$298.00 44 analysts
$155.00$298.00
Analyst rating Buy· 1.6/5 as of Oct 2, 2026
Social media sentiment mood -12.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
52°
Neutral
BearishNeutralBullish
Recent posts
Title: Why is Zscaler ($ZS) getting slept on compared to CRWD and PANW? Valuation makes no sense right now
▲ 1 · 💬 0· ⚡ 0.5
Anyone loading up on $ZS?
▲ 1 · 💬 5· ⚡ 0.5
Anyone loading up on $ZS?
▲ 1 · 💬 1· ⚡ 0.5
$ZS calls into the sunset
▲ 1 · 💬 0· ⚡ 0.5
Why isn’t $ZS performing like $PANW and $CRWD?
▲ 1 · 💬 1· ⚡ 0.5
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
17 SEC filing reports analyzed · 2 bullish, 2 bearish, 1 mixed, 12 neutral · avg impact 2.8/10.Plus 5 press releases.
BULLISHANALYST-UPGRADE3/10
Guggenheim upgrades ZS to Buy — PT $214 (+53%)
Jun 1, 2026
BEARISHANALYST-DOWNGRADE1/10
Morgan Stanley downgrades stock to Equal-Weight, cuts PT to $155 from $200
Apr 22, 2026
BULLISHANALYST-UPGRADE3/10
B. Riley Securities double upgrades NVDA to Buy — PT $225 (+40%) despite prior cut, consensus bullish
May 18, 2026
BEARISHANALYST-DOWNGRADE5/10
Evercore ISI Group downgrades ZS to In-Line — PT $155 (-16%)
May 27, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Sep 30, 2026
other
New Zscaler Report Reveals AI-Assisted Attackers Move to Massive Data Theft, Executive Targeting, and Millions in Extortion Payments
New Zscaler ThreatLabz 2026 Ransomware Report finds attackers stole nearly 900 terabytes of data, increasingly targeted employees with privileged role
Sep 24, 2026
other
Zscaler Appoints Ross Tackett as Chief Revenue Officer
Veteran leader and Head of Worldwide Sales promoted to lead global revenue operations and expand Zscaler platform adoption Veteran leader and Head of
Sep 23, 2026
activist
Zscaler to Host Investor Day on October 6
SAN JOSE, Calif., Sept. 23, 2026 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the cybersecurity platform for the AI era, today announced that it wi
Sep 14, 2026
ftd
FTD: ZS — 69,799 shares ($11.5M) failed to deliver
Settlement: 20260914, Price: $164.54, FTD Value: $11,484,727.46, ZSCALER INC COM
Sep 9, 2026
other
Zscaler launches Agentic SOC to contain AI-Driven Threats
Unifying exposure management and SOC workflows with Zscaler telemetry and specialized AI agents that detect, investigate, and respond to threats at ma
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $1.16 | $1.15–$1.20 | 21.0% | +7.7% | 29↑ 0↓ | $0.9B | 40 |
| Next Q | $1.18 | $1.14–$1.29 | 17.3% | +6.5% | 27↑ 2↓ | $1.0B | 40 |
| Current FY | $4.91 | $4.86–$5.42 | 16.6% | +6.8% | 35↑ 0↓ | $3.9B | 43 |
| Next FY | $5.60 | $4.68–$6.78 | 14.1% | +3.4% | 22↑ 3↓ | $4.6B | 42 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $1.161 | — |
| 7d ago | $1.161 | — |
| 30d ago | $1.078 | +0.083 |
| 60d ago | $1.078 | +0.083 |
| 90d ago | $1.078 | +0.083 |
Institutional ownership
Which big funds own ZS (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $10.2B total value (72,373,511 shares) as of 2026-Q2. Top holders: BlackRock,, VANGUARD, VANGUARD. Net buying activity: 35 institutions added/increased vs 15 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| BlackRock, Inc. | 9,890,384 | $1.4B | 13.7% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 6,196,726 | $874.7M | 8.6% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 4,721,393 | $666.4M | 6.5% | — |
| FIRST TRUST ADVISORS LP | 3,529,213 | $498.1M | 4.9% | — |
| GOLDMAN SACHS GROUP INC | 3,161,548 | $446.3M | 4.4% | — |
| STATE STREET CORP | 2,493,672 | $352.0M | 3.4% | — |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2,480,700 | $350.2M | 3.4% | DOUBLED +129.7% |
| Pictet Asset Management Holding SA | 2,104,621 | $296.9M | 2.9% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 2,090,724 | $294.3M | 2.9% | — |
| JANE STREET GROUP, LLC | 1,889,700 | $266.7M | 2.6% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| Jericho Capital Asset Management L.P. | NEW | — | 1,362,862 | — | $192.4M |
| MILLENNIUM MANAGEMENT LLC | DOUBLED | 334,904 | 1,129,691 | +237.3% | $159.5M |
| CITADEL ADVISORS LLC | ADD | 510,857 | 1,008,595 | +97.4% | $142.4M |
| BARCLAYS PLC | ADD | 669,252 | 951,598 | +42.2% | $134.3M |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | DOUBLED | 427,786 | 882,348 | +106.3% | $124.5M |
| AMERICAN CENTURY COMPANIES INC | TRIM | 2,384,425 | 866,494 | -63.7% | $122.3M |
| UBS Group AG | TRIM | 1,412,834 | 844,464 | -40.2% | $119.2M |
| BNP PARIBAS FINANCIAL MARKETS | ADD | 433,998 | 788,393 | +81.7% | $111.3M |
| CITIGROUP INC | ADD | 532,306 | 759,988 | +42.8% | $107.3M |
| Connor, Clark & Lunn Investment Management Ltd. | DOUBLED | 141,917 | 724,557 | +410.5% | $102.3M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
6 insiders, 50 transactions. Net -$10.1M — $0.00 bought, $10.1M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 9 | $199.71 | $1.8K |
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 100 | $194.76 | $19.5K |
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 189 | $195.64 | $37.0K |
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 118 | $196.57 | $23.2K |
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 3 | $197.32 | $591.95 |
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 20 | $201.11 | $4.0K |
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 5 | $202.06 | $1.0K |
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 36 | $203.15 | $7.3K |
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 20 | $205.35 | $4.1K |
| Sep 25, 2026 | RUBIN KEVIN | Chief Financial Officer | SELL | 12 | $204.42 | $2.5K |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for ZS.
Shares short
6,501,392
Settlement Sep 15, 2026
Change vs prior
+2.3%
Semi-monthly cycle
Days to cover
1.5
At avg daily volume
Of shares outstanding
≈4.0%
Estimate — not % of float
All ZS filing & press-release reports (22)
- Guggenheim upgrades ZS to Buy — PT $214 (+53%)Jun 1, 2026
- Morgan Stanley downgrades stock to Equal-Weight, cuts PT to $155 from $200Apr 22, 2026
- B. Riley Securities double upgrades NVDA to Buy — PT $225 (+40%) despite prior cut, consensus bullishMay 18, 2026
- Evercore ISI Group downgrades ZS to In-Line — PT $155 (-16%)May 27, 2026
- PRESS-RELEASE reportAug 6, 2026
- PRESS-RELEASE reportJul 28, 2026
- 144 reportJun 26, 2026
- CLUSTER reportJun 18, 2026
- CLUSTER reportJun 18, 2026
- CLUSTER reportJun 18, 2026
- 144 reportJun 17, 2026
- 144 reportJun 16, 2026
- 144 reportJun 16, 2026
- 144 reportJun 16, 2026
- PRESS-RELEASE reportJun 9, 2026
- 8-K reportJun 5, 2026
- PRESS-RELEASE reportMay 21, 2026
- PRESS-RELEASE reportMay 19, 2026
- PRESS-RELEASE reportMay 7, 2026
- CLUSTER reportMar 19, 2026
- CLUSTER reportMar 19, 2026
- PRESS-RELEASE reportMar 12, 2026