Following the sale, Syam holds 139,513 shares of Zscaler stock directly. The sale was not a discretionary trade by Syam but was mandated under the company's equity incentive plans. In other recent news, Zscaler reported a strong second-quarter performance with a 23% increase in revenue and a 22% free cash flow margin, reinforcing its positive growth outlook. UBS analyst Roger Boyd raised the price target for Zscaler shares to $260, citing the company's robust fourth-quarter billings performance and potential growth in the US Federal market. Stifel analysts maintained their Buy rating with a $235 target, highlighting Zscaler's progress in areas like Data Protection and AI, as well as its expanding zero trust security portfolio. Cantor Fitzgerald increased its price target to $220 while keeping a Neutral rating, noting Zscaler's earnings exceeded consensus estimates, leading to an updated full-year guidance.