ZS Zscaler, Inc.

bearish · high conviction REVERSAL track record → $131.01 +8.33 (+6.8%)
Mkt Cap $20B 52wk $114.62 - $336.99 1h ago
Insider selling: $172,033,126 sold by 16 insiders (30d)
Est. revisions: -0.1% (40 up, 0 down in 30d)
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net +1.2)

Factor Model

net +1.2 2.3 / 10
Est. Revisions
-0.0
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
+1.0
Narrative Gap
+0.0

Zscaler stock drops 45% YTD amid SaaS fears

Watch: Next earnings and billings guidance to assess if Zscaler can stabilize revenue growth and counter competition impacts.

Zscaler's stock plunged 45% year-to-date as the broader SaaS valuation pullback and fierce SASE market competition weigh on sentiment. Insider sales total over $123 million, signaling possible lack of confidence from management. Keybanc maintains an Overweight rating, highlighting mixed analyst views despite the downtrend.

The sharp stock decline and insider selling reflect investor skepticism on growth and competitive pressures, but institutional backing and analyst support suggest potential undervaluation near $232 mean target.

Evidence

Fundamentals & Data ▾
Zscaler, Inc. Technology · Software - Infrastructure
Mkt Cap
$20B
Beta
1.11
52w Range
$114.62 - $336.99
Short Interest
7.8M 7.51%
Days to Cover
2.2 +10%
Technicals downtrend
from 52w Hi
-15.7%
1w return
-5.0%
Insiders
selling 0B / 12S
Analysts
mixed
EPS Estimate
$1.01 -0.1% 30d 40up / 0dn
Est. Dispersion
8% 41 analysts
Analyst Target
$232 $155 - $335
Options P/C
0.53
Insider Cluster
strong sell 0B / 10S
Fund Convergence
strong Citadel, Tiger Global, D.E. Shaw, Two Sigma, Renaissance
Financials
Revenue
$816M +26% YoY
FCF
$169M
Gross Margin
77%
Op Margin
-6%
Momentum: decelerating
Top Holders
Citadel $366M
Tiger Global $355M
D.E. Shaw $30M
Two Sigma $25M
Renaissance $24M
Recent Filings & Data
insider trade 96
net selling · $172,033,126 sold
16 insiders · 96 transactions (30d)
Recent transactions
GELLER ADAM · sell · $554,033
BEER JAMES ALEXANDER · sell · $27,175
RICH MICHAEL J · sell · $492,799
JUDGE RAJ · sell · $389,604
CHAUDHRY JAGTAR SINGH · sell · $303,947
RUBIN KEVIN E · sell · $263,390
SCHLOSSMAN ROBERT S · sell · $354,370
BROWN ANDREW WILLIAM FRASER · award
GIANCARLO CHARLES H · award
DARLING SCOTT C · award
BLASING KAREN LOUISE · award
BEER JAMES ALEXANDER · award
NAUGHTON EILEEN · award
SCHNEIDER DAVID L. · award
BEER JAMES ALEXANDER · sell · $148,048
BROWN ANDREW WILLIAM FRASER · sell · $1,152,600
GELLER ADAM · sell · $852,608
SCHLOSSMAN ROBERT S · sell · $1,258,670
RICH MICHAEL J · sell · $946,359
JUDGE RAJ · sell · $793,557
CHAUDHRY JAGTAR SINGH · sell · $656,219
RUBIN KEVIN E · sell · $762,396
SCHLOSSMAN ROBERT S · sell · $1,040,000
RICH MICHAEL J · award
GELLER ADAM · award
SCHLOSSMAN ROBERT S · award
SCHLOSSMAN ROBERT S · sell · $2,140,851
CHAUDHRY JAGTAR SINGH · other
GELLER ADAM · sell · $6,116,257
RICH MICHAEL J · sell · $3,289,216
JUDGE RAJ · sell · $1,269,880
CHAUDHRY JAGTAR SINGH · sell · $804,199
SCHLOSSMAN ROBERT S · sell · $1,075,629
RICH MICHAEL J · award
GELLER ADAM · award
JUDGE RAJ · award
SCHLOSSMAN ROBERT S · other
GELLER ADAM · sell · $2,037,037
SCHLOSSMAN ROBERT S · sell · $2,058,590
NAIR SYAM · sell · $1,234,245
RICH MICHAEL J · sell · $1,301,971
JUDGE RAJ · sell · $898,047
CHAUDHRY JAGTAR SINGH · sell · $865,247
RICH MICHAEL J · sell · $3,026,063
MANGAL AJAY · sell · $36,106,497
GIANCARLO CHARLES H · sell · $15,220,103
BROWN ANDREW WILLIAM FRASER · sell · $6,033,118
BROWN ANDREW WILLIAM FRASER · exercise · $83,874
SCHLOSSMAN ROBERT S · sell · $1,385,400
GIANCARLO CHARLES H · sell · $5,196,342
JUDGE RAJ · award
RUBIN KEVIN E · award
NAIR SYAM · sell · $7,236,750
SCHLOSSMAN ROBERT S · sell · $897,500
BROWN ANDREW WILLIAM FRASER · sell · $2,060,000
BROWN ANDREW WILLIAM FRASER · exercise · $41,250
SCHLOSSMAN ROBERT S · sell · $1,341,559
CANESSA REMO E · sell · $741,019
NAIR SYAM · sell · $667,738
RICH MICHAEL J · sell · $711,950
CHAUDHRY JAGTAR SINGH · sell · $429,160
MANGAL AJAY · sell · $38,228,210
BROWN ANDREW WILLIAM FRASER · award
GIANCARLO CHARLES H · award
DARLING SCOTT C · award
BLASING KAREN LOUISE · award
BEER JAMES ALEXANDER · award
NAUGHTON EILEEN · award
SCHNEIDER DAVID L. · award
CANESSA REMO E · sell · $1,383,177
SCHLOSSMAN ROBERT S · sell · $1,234,190
NAIR SYAM · sell · $737,576
RICH MICHAEL J · sell · $757,008
CHAUDHRY JAGTAR SINGH · sell · $573,514
CHAUDHRY JAGTAR SINGH · other
NAIR SYAM · award
RICH MICHAEL J · award
GELLER ADAM · award
SCHLOSSMAN ROBERT S · award
SCHLOSSMAN ROBERT S · sell · $260,740
SCHLOSSMAN ROBERT S · sell · $842,084
BROWN ANDREW WILLIAM FRASER · sell · $1,392,830
BROWN ANDREW WILLIAM FRASER · exercise · $33,000
CANESSA REMO E · sell · $2,711,793
NAIR SYAM · sell · $625,857
RICH MICHAEL J · sell · $824,371
CHAUDHRY JAGTAR SINGH · sell · $488,491
SCHLOSSMAN ROBERT S · sell · $1,065,362
CANESSA REMO E · sell · $2,837,579
SCHLOSSMAN ROBERT S · sell · $1,869,770
NAIR SYAM · sell · $665,280
RICH MICHAEL J · sell · $876,244
CHAUDHRY JAGTAR SINGH · sell · $518,907
SCHLOSSMAN ROBERT S · other
SCHLOSSMAN ROBERT S · award
BEER JAMES ALEXANDER · award
Filing analysis pending — next scan runs every 12 hours
Transcript analysis coming soon
15 signals · latest 2h ago

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