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Zscaler gains as investor-day outlook and analyst target hikes support shares

Investivoq PriceTracker

Zscaler, Inc. (ZS) is up 3.3% today. Here is some analysis on what might have caused this price movement. ([ir.zscaler.com](https://ir.zscaler.com/news-releases/news-release-details/zscaler-hosts-2026-investor-day-reaffirms-first-quarter-and?utm_source=openai))

Analysis: The most likely driver is continued follow-through from Zscaler’s October 6, 2026 investor day, where it reaffirmed first-quarter and fiscal 2027 guidance and outlined a larger long-term growth opportunity tied to AI-era security. A wave of price-target increases from Wall Street after that event appears to have reinforced bullish sentiment and helped keep momentum in the stock. ([ir.zscaler.com](https://ir.zscaler.com/news-releases/news-release-details/zscaler-hosts-2026-investor-day-reaffirms-first-quarter-and?utm_source=openai))

Details:

  • Zscaler filed an 8-K and issued an investor-day release on October 6, 2026, reaffirming its first-quarter and full-year fiscal 2027 guidance. ([ir.zscaler.com](https://ir.zscaler.com/news-releases/news-release-details/zscaler-hosts-2026-investor-day-reaffirms-first-quarter-and?utm_source=openai))
  • The company presented a long-range framework that highlighted an $8 billion ARR path, with a higher upside scenario linked to stronger AI adoption. ([ir.zscaler.com](https://ir.zscaler.com/node/16681/pdf?utm_source=openai))
  • Several firms lifted their price targets after the event, including TD Cowen, Baird, Stephens, and Needham, signaling improved confidence in growth durability. ([tipranks.com](https://www.tipranks.com/news/the-fly/zscaler-price-target-raised-to-230-from-200-at-td-cowen-thefly-news?utm_source=openai))
  • This could also be because investors are rewarding relative strength in cybersecurity names as Zscaler extends a strong run over recent weeks. ([zacks.com](https://www.zacks.com/stock/news/3002925/zscaler-soars-45-in-3-months-hold-the-stock-or-book-profits?cid=CS-ZC-FT-analyst_blog%7Cmost_popular_stocks-3002925&utm_source=openai))

    • Sources:

    Zscaler Investor Relations, SEC, TipRanks, StockAnalysis

    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 395 institutional investors add shares of $ZS stock to their portfolio, and 377 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.