Zscaler chief legal officer sells $1.08m in stock

Robert Schlossman, Zscaler's Chief Legal Officer, sold 5,394 shares of the company's stock on September 21, 2026. The shares, bought at $200 each, amounted to $1,078,800. This sale was carried out under a pre-set Rule 10b5-1 plan that Schlossman had established on July 3, 2025. After the transaction, he held 61,525 shares directly, with his spouse owning an additional 66 shares indirectly.

Since the sale, Zscaler's stock price has risen to $207.13, marking an 8% increase over the past week. Analysts view Zscaler as potentially undervalued, with a Fair Value assessment supporting this view. The company boasts robust gross profit margins of 77% and has seen recent positive revisions to earnings estimates by 36 analysts.

For a more in-depth analysis, investors can refer to Zscaler's comprehensive Pro Research Report. Recent financial results also paint a picture of strong performance, with revenue for the fiscal fourth quarter of 2026 reaching $898.2 million, a 25% year-over-year increase. This surpassed market expectations by 2.4%. The company's organic annual recurring revenue also outpaced forecasts, growing by over 20% year-over-year.

Following the financial results, various financial institutions have adjusted their outlooks. FBN Securities raised its price target to $190 with an Outperform rating, while Stephens increased its target to $225 with an Overweight rating. JPMorgan maintained an Overweight rating with a $215 price target, while Stifel advised a Buy with a $200 price target, praising Zscaler's growth in organic annual recurring revenue.

Mizuho also keeps an Outperform rating with a $210 price target, recognizing the healthy demand for Zscaler's platform. These reactions from analysts highlight a generally positive outlook on Zscaler's recent performance and future potential.