Kevin Rubin, Chief Financial Officer of Zscaler Inc. (NASDAQ: ZS), sold 503 shares of common stock on August 25, 2026, for a total of $87,210 under a pre-arranged trading plan adopted on March 24, 2026.
The transactions were executed at weighted average prices ranging from $172.5335 to $176.49 per share. The sales comprised multiple tranches: 291 shares at an average of $172.5335 (traded between $172.10 and $173.09), 92 shares at $173.5322 ($173.10 to $174.05), 48 shares at $174.5413 ($174.18 to $174.94), 66 shares at $175.7782 ($175.33 to $176.12), and 6 shares at $176.49. Following the sale, Rubin retains a direct holding of 40,895 shares.
Zscaler’s stock closed at $170.31 on the day of the trades, reflecting a year-to-date decline of 24% and a 12-month drop of 38%. The company is scheduled to release earnings in seven days.
Analysts have recently adjusted their price targets for Zscaler. KeyBanc raised its target to $210 while maintaining an overweight rating, Cantor Fitzgerald reiterated an overweight rating with a $225 target, and both Stifel and TD Cowen increased their targets to $200, citing expectations for results at least in line with consensus for the fourth quarter, with Stifel anticipating a potential 2% revenue beat.
