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Why Zscaler (ZS) Stock Is Up Today

Investivoq PriceTracker

Zscaler (ZS) is up 4.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is Zscaler’s 2026 Investor Day update, where it reaffirmed first-quarter and full-year fiscal 2027 guidance and highlighted long-term growth tied to AI and Zero Trust security. Investors also appear to be responding positively to management’s confidence in its growth outlook and its stated path toward a much larger annual recurring revenue base.

Details:

  • Zscaler hosted its Investor Day on October 6 and used the event to outline strategy, platform innovation, go-to-market priorities, and long-term growth drivers.
  • In an 8-K and related press release, the company reaffirmed first-quarter fiscal 2027 guidance for revenue of $935 million to $939 million and non-GAAP EPS of about $1.15 to $1.16.
  • Zscaler also reaffirmed full-year fiscal 2027 targets, including ARR of $4.396 billion to $4.426 billion, revenue of about $3.908 billion to $3.938 billion, and free cash flow margin of roughly 23.0% to 23.5%.
  • Management also emphasized AI-driven security demand and a long-term goal of reaching $10 billion in ARR, which may have strengthened bullish sentiment around future growth.

    • Sources:

    Zscaler Investor Relations, SEC, Yahoo Finance

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $ZS Insider Trading Activity

    ZS Insider Trades

    $ZS insiders have traded $ZS stock on the open market 39 times in the past 6 months. Of those trades, 0 have been purchases and 39 have been sales.

    Here’s a breakdown of recent trading of $ZS stock by insiders over the last 6 months:

    • ADAM GELLER (Chief Product Officer) has made 0 purchases and 5 sales selling 15,580 shares for an estimated $2,678,242.
    • ROBERT SCHLOSSMAN (Chief Legal Officer) has made 0 purchases and 4 sales selling 10,987 shares for an estimated $1,943,021.
    • KEVIN RUBIN (Chief Financial Officer) has made 0 purchases and 24 sales selling 9,168 shares for an estimated $1,625,051.
    • MICHAEL J. RICH (CRO and President of WW Sales) has made 0 purchases and 2 sales selling 8,292 shares for an estimated $1,320,850.
    • JAGTAR SINGH CHAUDHRY (CEO & Chairman) has made 0 purchases and 2 sales selling 5,730 shares for an estimated $913,623.
    • JAMES A BEER has made 0 purchases and 2 sales selling 354 shares for an estimated $56,199.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $ZS Hedge Fund Activity

    We have seen 389 institutional investors add shares of $ZS stock to their portfolio, and 372 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • FMR LLC removed 1,839,487 shares (-84.0%) from their portfolio in Q2 2026, for an estimated $259,643,590
    • TIGER GLOBAL MANAGEMENT LLC removed 1,579,766 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $222,983,970
    • VICTORY CAPITAL MANAGEMENT INC added 1,536,364 shares (+1108.1%) to their portfolio in Q2 2026, for an estimated $216,857,778
    • AMERICAN CENTURY COMPANIES INC removed 1,517,931 shares (-63.7%) from their portfolio in Q2 2026, for an estimated $214,255,960
    • JERICHO CAPITAL ASSET MANAGEMENT L.P. added 1,362,862 shares (+inf%) to their portfolio in Q2 2026, for an estimated $192,367,971
    • BLACKROCK, INC. added 1,322,067 shares (+15.4%) to their portfolio in Q2 2026, for an estimated $186,609,757
    • T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,257,901 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $177,552,726

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $ZS Price Targets

    Multiple analysts have issued price targets for $ZS recently. We have seen 28 analysts offer price targets for $ZS in the last 6 months, with a median target of $195.0.

    Here are some recent targets:

    • Jackson Ader from Keybanc set a target price of $176.0 on 06/25/2026
    • Todd Weller from Stephens & Co. set a target price of $200.0 on 06/12/2026
    • Kingsley Crane from Canaccord Genuity set a target price of $210.0 on 06/11/2026
    • Mike Cikos from Needham set a target price of $180.0 on 06/10/2026
    • Dan Ives from Wedbush set a target price of $220.0 on 06/10/2026
    • John Difucci from Guggenheim set a target price of $214.0 on 06/10/2026
    • Jonathan Ruykhaver from Cantor Fitzgerald set a target price of $225.0 on 06/10/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.