ZS — Zscaler Inc

Founder-Led

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Zscaler Inc

Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zscaler Internet Access, which provides threat protection, cloud sandbox, and cloud browser isolation; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, reduced attack surface, and browser isolatio… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$126.41
Market Cap$28.05B
Float104.2M
Shares Outstanding160.8M
P/E (Forward)37.74
Price/Sales (TTM)9.35
vs. Analyst Target+76.7% to analyst PT
Profit Margin-2.25%
Operating Margin (TTM)-6.20%
Revenue (TTM)$3.00B
Dividend RateNone
Analyst Target Price$223.39 (46 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $431M -$115M $334M -$48.1M
2021 $673M -$262M $522M -$106M
2022 $1.09B -$390M $848M -$183M
2023 $1.62B -$202M $1.25B -$76.7M
2024 $2.17B -$57.7M $1.69B $64.8M
2025 $2.67B -$41.5M $2.05B $112M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Apr 2025 $678M -$4.1M
Jul 2025 $719M -$17.6M
Oct 2025 $788M -$11.6M
Jan 2026 $816M -$34.3M

Ownership & Float

Insider Ownership35.2%
Institutional Ownership58.3%
Short Float9.8%
% of All Funds Holding8.58%
Number of Funds Holding705

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$142.17Near-term / short-term trend
Weekly40-Week SMA$217.12Medium-term trend
Weekly80-Week SMA$225.13Cyclical trend (business cycle)
Weekly200-Week SMA$188.42Secular trend (multi-year)
Monthly10-Month SMA$212.87Near-term monthly trend
Monthly20-Month SMA$219.75Medium-term monthly trend
Monthly40-Month SMA$195.51Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$199.00 resistance 1.61x 2 months ago

Historical Earnings Reactions (33 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.05% -0.75% 48.48% 17.46% -21.49%
1 Day 0.36% -2.70% 42.42% 29.41% -19.37%
1 Week -0.45% -2.67% 42.42% 31.02% -21.38%
2 Weeks -0.80% -0.81% 45.45% 35.25% -24.23%
1 Month 2.69% -3.58% 45.45% 44.46% -27.76%

Next earnings: August 14, 2026 (77 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan5.3%62.5%8
Feb-3.8%50.0%8
Mar1.2%50.0%8
Apr-2.2%44.4%9
May10.5%62.5%8
Jun12.9%87.5%8
Jul4.3%62.5%8
Aug5.0%62.5%8
Sep-5.9%25.0%8
Oct1.5%50.0%8
Nov6.4%75.0%8
Dec-2.2%25.0%8

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.16% 55.8% 387
Tuesday 0.15% 50.4% 425
Wednesday 0.02% 50.0% 420
Thursday 0.29% 53.3% 413
Friday 0.13% 55.4% 413

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 58.3%

Insider Transactions — Smart Summary

Total insider ownership: 35.2%

Founder-led management: Jay Chaudhry (Co-Founder, CEO & Chairman of the Board), K. Kailash (Founder & Chief Architect)

12-Month Insider Activity Summary

Total Filings34
Net Value-$36.2M
Net Shares Change-295,828
% of Float-0.3%
C-Suite Filings27
Clusters Detected4

Key Insiders

NameTitleNet ValueFilingsActivity
Mangal Ajay -$36.1M 1 1 sell
Giancarlo Charles H -$20.4M 2 2 sell
Rich Michael J. CRO and President of WW Sales -$3.5M 2 1 sell
Geller Adam Chief Product Officer -$2.6M 2 N/A
Schlossman Robert Chief Legal Officer -$1.6M 2 N/A
Brown Andrew William Fraser +N/A 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-06-05 – 2025-06-18 12 9 -$75.3M 8 C-suite
2025-09-17 – 2025-09-17 5 5 -$12.6M 5 C-suite
2025-12-17 – 2025-12-29 7 7 -$5.3M 6 C-suite
2026-03-18 – 2026-03-19 7 7 -$2.4M 6 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2025-12-29 Brown Andrew William Fraser +N/A N/A
2025-06-16 Rich Michael J. CRO and President of WW Sales -$3.0M Transaction at $302.88, now -58.3%
2025-06-10 Giancarlo Charles H -$15.2M Transaction at $304.40, now -58.5%
2025-06-11 Mangal Ajay -$36.1M Transaction at $300.89, now -58.0%
2025-06-05 Giancarlo Charles H -$5.2M Transaction at $291.54, now -56.6%
2026-03-19 Geller Adam Chief Product Officer -$554,032.779 Transaction at $154.80, now -18.3%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Zscaler Inc (ZS) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for ZS on Trend Edge →