Zscaler (ZS) CFO Kevin Rubin Sells $133K of Stock

Kevin Rubin, the Chief Financial Officer of Zscaler, Inc. (ZS), sold 514 shares on October 26, 2026, valued at approximately $133,200.68. This sale represents a planned transaction, and it reduces his total holdings to 62,113 shares, a decrease of about 0.82%. The details of this trade were filed in a Form 4 with the SEC.

ZS Zscaler, Inc.

$255.15 ▲ +15.68% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Other Institutional Activity in Zscaler

Several other institutional investors adjusted their positions in Zscaler recently. J. Safra Sarasin Holding cut its stake by 61,663 shares, leaving it with 115,814 shares valued at about $22.5 million. MBL Wealth opened a new position with 4,609 shares worth approximately $919,127. First Trust Advisors LP increased its holdings by 10,556 shares, totaling 3,529,213 shares valued at around $918.1 million. Meanwhile, Pictet Asset Management grew its stake by 183,996 shares, ending with 2,104,621 shares worth about $547.5 million, and Victory Capital Management added 119,899 shares, bringing its total to 1,675,008 shares valued at about $435.8 million.

Zscaler, Inc. Stock Up 2.0%

Zscaler shares closed at $260.45 on October 26, 2026, which is about equal to the recent trading price of $260.15 as of October 27. The stock is currently above its 50-day moving average by approximately 30.9% and well above its 200-day average by about 56.5%. However, it is trading below its 52-week high of $336.99 by about 22.8%.

Recent Earnings

Zscaler reported trailing twelve-month revenue of approximately $3.35 billion, reflecting a year-over-year growth of 24.9%. The company has a net margin of -1.9% and a return on equity of -2.9%. The next earnings report is scheduled for November 24, 2026.

Insider Buying and Selling at Zscaler, Inc.

In addition to Kevin Rubin's recent sale, other insiders have also traded shares. On June 16, 2026, Rubin sold 1,686 shares at an average price of $126.43, totaling about $213,161. Chief Legal Officer Robert Schlossman also sold 3,146 shares on the same day for approximately $397,749. Chief Product Officer Adam Geller sold 23,958 shares on October 9 at an average price of $225.43, valued at about $5.4 million, and 1,042 shares on October 12 for around $245,860.

Analysts Set New Price Targets

Analysts have been active in setting price targets for Zscaler. On October 8, 2026, Amerx initiated coverage with a Buy rating and a target of $305. Citizens maintained a Market Outperform rating with a target raised to $265 on October 9. Citigroup also kept its Buy rating with a target of $260 on October 15, while DA Davidson initiated coverage with a Neutral rating and a target of $215 on October 21. Freedom Broker reaffirmed its Buy rating on October 22, increasing the target to $270. The consensus among analysts is a Buy recommendation with a mean price target of about $235.19.

About Zscaler

Zscaler, Inc. is a cloud security company based in San Jose, CA, providing services worldwide. The company focuses on securing users, applications, and devices, enabling organizations to adopt cloud technologies securely. With a strong emphasis on innovation in the software infrastructure sector, Zscaler continues to grow amid increasing demand for cybersecurity solutions.

Bottom Line

Investors should monitor Zscaler's upcoming earnings report on November 24, 2026, as well as any further insider transactions. Kevin Rubin's recent sale fits into a pattern of insider trading, which could signal varying levels of confidence in the company's performance.