ZS

Zscaler, Inc.
NasdaqGSUSDEQUITY Technology DELAYED
Last price
182.51
▲ 7.56 (4.32%)
MARKET ·

Price

Open
175.00
Prev close
174.95
Day high
182.01
Day low
172.45
Volume
1.63M
Market cap
$29.39B
P/E (TTM)
52W range
114.63 – 336.99

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-1.01% +0.4%
1M
+30.10% +26.4%
3M
+6.28% +3.2%
6M
+13.77% +2.7%
YTD
-19.20% -31.5%
1Y
-33.62% -53.6%
3Y
+29.70% -44.5%
5Y

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Fundamentals

TTM · reported
Market cap$29.39B
Enterprise value$27.72B
Revenue (TTM)$3.17B
Gross profit$2.44B
EBITDA$-60.80M
Net income$-77.39M
EPS (TTM)$-0.47
Free cash flow$1.11B
Total cash$3.54B
Total debt$1.87B
Book value / share$14.64
Shares outstanding161.71M
Float105.12M
Short % of float7.05%
Dividend yield
Beta (5Y)0.92

Valuation & profitability ratios

Account required
Trailing P/E
Forward P/E39.53
PEG ratio2.01
Price / sales
Price / book12.42
EV / revenue8.73
EV / EBITDA-455.93
Gross margin76.74%
Operating margin-3.28%
Profit margin-2.44%
Return on equity-3.71%
Return on assets-1.36%
Debt / equity78.94
Current ratio1.86
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

Annual · as reported
Last 4 fiscal years
Line item2025202420232022
Total revenue$2.67B$2.17B$1.62B$1.09B
Cost of revenue$0$0$0$0
Gross profit$0$0$0$0
R&D
SG&A
Operating income
Pre-tax income
Tax provision$0$0$0$0
Net income-$41.48M-$57.71M-$202.34M-$390.28M
EBIT$0$0$0$0

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Apr 2026 1.011.08 +7.1%
Jan 2026 0.901.01 +12.6%
Oct 2025 0.860.96 +11.4%
Jul 2025 0.800.89 +11.0%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 1.09 42 $877.59M +22.0%
Next quarter 1.08 38 $922.29M +17.0%
Current year 4.13 45 $3.33B +24.6%
Next year 4.60 44 $3.90B +17.0%

Analyst targets & ownership

Account required
Mean target$196.95
High target$250.00
Low target$145.00
Implied upside7.91%
Analyst count44
ConsensusBUY
Strong buy / Buy8 / 27
Hold9
Sell / Strong sell0 / 0
Held by insiders34.96%
Held by institutions53.62%
Institutions holding1.18K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Insider net activity

6m · Form 4 rollup
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
Net transactions
0
Buys less sells
Sell : buy shares
Not enough filings
Insider-held shares
56.53M
Total on file

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Jul 27, 26
RUBIN KEVIN E
Chief Financial Officer
SELL 503 $74.00K Direct
Jul 6, 26
SCHLOSSMAN ROBERT S
Officer
SELL 122 $18.30K Direct
Jun 25, 26
RUBIN KEVIN E
Chief Financial Officer
SELL 3.00K $372.67K Direct
Jun 22, 26
GELLER ADAM
Officer
SELL 2.82K $345.36K Direct
Jun 17, 26
BEER JAMES ALEXANDER
Director
SELL 177 $22.21K Direct
Jun 16, 26
GELLER ADAM
Officer
SELL 1.94K $245.27K Direct
Jun 16, 26
RICH MICHAEL J
Officer
SELL 4.18K $528.98K Direct
Jun 16, 26
CHAUDHRY JAGTAR SINGH
Chief Executive Officer
SELL 2.88K $363.86K Direct
Jun 16, 26
RUBIN KEVIN E
Chief Financial Officer
SELL 1.69K $213.16K Direct
Jun 16, 26
SCHLOSSMAN ROBERT S
Officer
SELL 3.15K $397.75K Direct
Mar 18, 26
GELLER ADAM
Officer
SELL 3.58K $554.03K Direct
Mar 18, 26
BEER JAMES ALEXANDER
Director
SELL 177 $27.18K Direct
Mar 17, 26
RICH MICHAEL J
Officer
SELL 3.15K $492.80K Direct
Mar 17, 26
JUDGE RAJ
Officer and Director
SELL 2.49K $389.60K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BLASING KAREN LOUISE
Director 68.38K Stock Award(Grant)
CANESSA REMO E
Chief Financial Officer 213.70K Sale
CHAUDHRY JAGTAR SINGH
Chief Executive Officer 26.87M Sale
DARLING SCOTT C
Director 54.05K Stock Award(Grant)
GIANCARLO CHARLES H
Director 288.27K Stock Award(Grant)
JUDGE RAJ
Officer and Director 67.91K Sale
MANGAL AJAY
Beneficial Owner of more than 10% of a Class of Security Sale
NAIR SYAM
Chief Technology Officer 106.66K Sale
RICH MICHAEL J
Officer 100.30K Sale
SCHLOSSMAN ROBERT S
Officer 69.31K Sale

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
181.58
+0.51% from price
SMA 20
168.93
+7.58% from price
SMA 50
150.77
+20.55% from price
SMA 100
146.48
+24.60% from price
SMA 200
179.44
+1.29% from price
EMA 12
176.97
+3.13% from price
EMA 26
167.38
+9.04% from price
EMA 50
158.84
+14.91% from price
RSI (14)
63.3
Neutral
MACD (12,26,9)
9.59
Hist 0.34
ATR (14)
8.19
4.50% of price
Realised vol 30D
47.3%
Annualised
Bollinger upper
196.66
20, 2σ
Bollinger lower
141.20
20, 2σ
50 / 200 cross
Death
150.77 vs 179.44
Trend bias
Above 200
+1.29%

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.95
Less volatile than market
Correlation to SPY
0.20
Largely independent
Realised vol 30D
47.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-64.9%
Peak to trough
Max drawdown 5Y
-76.4%
Peak to trough
ATR 14
8.19
4.50% of price
Beta (reported)
0.92
5Y monthly, from filing

Unusual options activity

Account required
Flagged7
Total notional$3.14M
Call notional$3.14M
Put notional$0
Tiltcall-weighted
Likely opening7 of 7
SideStrikeExpiryVolumeOpen int. Vol / OINotionalIV PrintScore
CALL 146.00 Sep 4, 26
13d
180 49 3.7× $732.06K 90% at ask
86
CALL 147.00 Sep 4, 26
13d
182 43 4.2× $724.00K 90% at ask
86
CALL 140.00 Sep 11, 26
20d
276 59 4.7× $1.11M 81% at bid
84
CALL 195.00 Aug 28, 26
6d
1.37K 88 15.6× $180.71K 52% at ask
78
How this is calculated, and what it cannot see

A contract is flagged when today's volume approaches or exceeds its open interest, the position is worth at least $40,000, and at least 150 contracts changed hands. Open interest is what was outstanding at yesterday's close, so volume above it means the flow cannot all be closing — something is being opened.

The score weights four things: volume against open interest, dollar notional, volume against the rest of that chain, and where the last print sat inside the bid/ask spread.

What it cannot see. Volume here is a daily total, so ten small orders and one large one are indistinguishable — this is not block or sweep detection, which needs exchange-level time and sales. The print column compares the last trade to the current quote, which is a proxy for who was the aggressor, not a tagged flag. Quotes are delayed. A single large trade can be a hedge, a roll, or one leg of a spread, and none of those mean what a naked directional bet would mean.

Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Options analytics

Account required
Put / call volume
0.64
Call-heavy session
Put / call open interest
1.28
Positioning, not flow
Max pain
175.00
-3.7% from spot
ATM implied vol
51.9%
Nearest strike to spot
Skew (10% OTM)
+6.5%
Puts bid over calls
Call volume
3.33K
Contracts, this expiry
Put volume
2.15K
Contracts, this expiry
Heaviest call OI
200.00
510 contracts
Heaviest put OI
125.00
430 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Options chain

Account required
ExpirySpot 182.51
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.