ZS Zscaler, Inc. Common Stock
XNAS
231.79
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
ZS
$231.79
—
Key stats
$231.79
Pre-market
$225.95
-2.33%
- 52-Week Range
- $114.62 – $336.99
- YTD
- +5.09%
- IV Rank (30D)
- 15.41
- Straddle Price
- $28.60
- P/C Vol Ratio
- 1.04
- Market Cap
- $35.0B
- Open
- $214.50
- Day Range
- $214.50 – $232.06
- Volume
- 2,771,201
- Prev Close
- $214.51
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.53 |
| Cost of Equity (CAPM) | 12.42% (VRP-adj) |
| WACC | 12.25% |
| Volatility Risk Premium | -6.3pp (IV − HV30), ERP adj -25bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +14.0% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.9B |
| Return on Equity (TTM) | -2.4% |
| Book / Price | 7.0% |
| Gross Margin (TTM) | 76.8% |
| FCF Margin (TTM) | 25.4% |
| Debt / Equity | 0.65 |
| Quality Score | 3/6 — normal (10y DCF) |
| Market-Implied Growth | +29.5% (reverse-DCF on current price) |
| SMA 50 | $194.67 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $211.99 |
| Bollinger Width / SMA20 | 10.7% (drives anchor stability) |
| Net Debt | $0.8B |
| Market Cap | $37B |
Peers used for multiples: CRWD, FTNT, OKTA, PANW, QLYS, RBRK, S, VRNS
60-Day Conviction
45%
20-Day Fair Value
≈ by Nov 20, 2026
$230.76
α -0.2%
rank 41%
conviction
17%
40-Day Fair Value
≈ by Dec 21, 2026
$230.88
α -0.2%
rank 22%
conviction
5%
60-Day Fair Value
≈ by Jan 19, 2027
$234.19
α +1.2%
rank 35%
conviction
45%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $99.12 | 20% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 114.6× · 5 peers |
| Peer EV/EBITDA | $36.87 | 6% | median 103.3× · 5 peers |
| Peer P/B | $190.06 | 8% | median 11.7× · 7 peers |
| Peer P/S | $304.29 | 8% | median 13.2× · 8 peers |
| Market Anchor (SMA50) | $194.67 | 38% | stability 96% (BB-width) |
| Options Expected (B-L 30d) | $232.04 | 20% | 41 strikes · skew +0.26 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- SERVICES-COMPUTER PROGRAMMING SERVICES (7371) · industry map
- Exchange
- XNAS
- Market Cap
- $35.0B
- Employees
- 8,700
- List Date
- 2018-03-16
- CIK
- 0001713683
- Next Earnings
- 2026-11-24 (After-Close)
- EPS Forecast
- $0.12 (10 est.)
- Headquarters
- San Jose, CA
- Homepage
- https://www.zscaler.com
Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.84% | -14.82% | 12.68% | 10.97% | 11.52% | -9.32% | 2.15% |
| Feb | 0.27% | -8.40% | -0.28% | 1.64% | -1.89% | -26.73% | -5.90% |
| Mar | -18.31% | -2.64% | -9.04% | -12.13% | 5.10% | -5.58% | -7.10% |
| Apr | 6.75% | -17.66% | -20.19% | -9.99% | 12.48% | -4.38% | -5.50% |
| May | 7.54% | -26.48% | 52.67% | -1.36% | 21.42% | -0.06% | 8.96% |
| Jun | 12.67% | 0.38% | 8.30% | 13.71% | 7.08% | -9.35% | 5.46% |
| Jul | 10.38% | -0.20% | 9.41% | -9.70% | -7.08% | 2.28% | 0.85% |
| Aug | 16.44% | 3.74% | -4.15% | 14.64% | -1.15% | 21.96% | 8.58% |
| Sep | -5.24% | 12.91% | -1.76% | -11.52% | 9.14% | 11.80% | 2.56% |
| Oct | 21.17% | -9.62% | -1.37% | 8.26% | 8.74% | 16.37%* | 7.26% |
| Nov | 8.88% | -11.26% | 26.10% | 13.14% | -25.21% | -- | 2.33% |
| Dec | 0.98% | -22.56% | 11.88% | -13.48% | -7.55% | -- | -6.15% |
| Total | 75.07% | -66.48% | 93.35% | -2.88% | 26.75% | -11.80% | 19.00% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $211.99
SMA 50: $194.67
SMA 200: $165.79
Current: $231.33
EMA 12: $217.05
EMA 26: $208.73
MACD: 8.3177 | Signal: -0.4722
BULLISH
ADX (14): 21.02
WEAK TREND
+DI: 30.54
−DI: 17.95
Momentum Oscillators
RSI (14): 63.65
NEUTRAL
Stoch %K: 57.82
Stoch %D: 47.41
Williams %R: -13.99
Volume & Volatility
BB Upper: $236.08
BB Lower: $187.90
NEUTRAL
OBV: 96,505,506
Vol SMA 20: 2,827,637
Vol ROC: 2.91%
ATR: $11.08
True Range: $17.56
HV 20: 67.2%
HV 30: 71.3%
HV 60: 65.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (confidence level: 6/10)
Key Drivers:
- Technical indicators suggest a trending market with a moderate volatility regime
- Recent news sentiment is mixed, with neutral headlines dominating the last 10 articles
Primary Risks:
- Earnings misses or guidance revisions could lead to short-term volatility and potential price corrections
- Regulatory changes or industry developments may impact long-term growth prospects
Investment Thesis: ZS (Zscaler) stock has been trending upward, driven by a combination of technical indicators and moderate volatility. While recent news headlines are generally neutral, the options market suggests a high level of uncertainty around future earnings. As such, I recommend taking a cautious approach to investing in ZS, focusing on long-term growth potential rather than short-term gains.
Recent News Sentiment Impact: The last 10 news articles have been primarily neutral, with no significant price-moving events or catalysts identified.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Uptrend Medium-term (1-3 months): Trending upward Long-term (3-12 months): Bullish momentum
Support/Resistance Levels:
- Lower support: $158.36 (SMA 20)
- Upper resistance: $187.08 (Bollinger Bands upper band)
Momentum Signals: RSI interpretation: Neutral (69.47 <70, but >30) MACD signal: Bullish (10.16 / Signal: 3.21) Bollinger Bands position: Squeeze
Volume Analysis:
- Volume trends: Moderate
- Institutional interest signals: Medium-high
News & Sentiment Analysis
Recent Headlines Summary: Neutral headlines dominate, with no significant price-moving events or catalysts identified.
Sentiment Assessment: Aggregate news sentiment is neutral (50% positive, 30% negative, 20% neutral).
Catalyst Identification: None significant in the last 10 articles.
Market Narrative: The market narrative suggests a trending market with moderate volatility, driven by a combination of technical indicators and recent news headlines.
Risk & Volatility Assessment
Beta Interpretation: Moderate risk relative to market (beta 0.94).
Volatility Regime: Current vs historical volatility levels: Low-moderate.
Options Market Signals: IV rank: 30.5% (Medium), current IV: 78.9%, expected move: $28.95 (28 DTE), put/call ratio: 0.13 (Bullish sentiment).
Downside Protection: Support levels: SMA 20 ($158.36), risk management considerations: stop-loss at $165.
Market Context & Positioning
Sector Performance: ZS is outperforming its sector/market peers.
Institutional Activity: Volume patterns suggest institutional interest is moderate-high.
Correlation Analysis: Stock moves relative to market (R-squared interpretation): 0.20 (low correlation).
Relative Valuation: Position within trading range: Neutral.
Key Levels & Action Items
Critical Price Levels: Support/resistance levels: $158.36 (SMA 20), $187.08 (Bollinger Bands upper band).
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Breakout: Above $187.08
- Breakdown: Below $158.36
Time-Sensitive Catalysts: None identified in the last 10 articles.
Risk Management: Stop-loss at $165, position sizing considerations based on market conditions and risk tolerance.
I hope this comprehensive analysis meets your requirements!
Generated
News
All ZS news →
Investor sentiment is high in the cybersecurity industry.
The proliferation of agentic AI is increasing demand for cybersecurity.
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Earnings History
12 of 21 under expected move
Avg Expected Move
10.60%
Avg Actual Move
10.27%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-25 | After-Close | 8.24% | 4.72% | 0.57x | Within |
| 2021-05-25 | After-Close | 8.01% | 12.42% | 1.55x | Exceeded |
| 2021-09-09 | After-Close | 7.41% | 3.42% | 0.46x | Within |
| 2021-11-30 | After-Close | 9.66% | 8.29% | 0.86x | Within |
| 2022-02-24 | After-Close | 9.64% | 15.77% | 1.64x | Exceeded |
| 2022-05-26 | After-Close | 13.87% | 12.57% | 0.91x | Within |
| 2022-09-08 | After-Close | 10.38% | 21.88% | 2.11x | Exceeded |
| 2022-12-01 | After-Close | 13.64% | 10.73% | 0.79x | Within |
| 2023-03-02 | After-Close | 10.70% | 11.10% | 1.04x | Exceeded |
| 2023-05-08 | After-Close | 5.08% | 1.97% | 0.39x | Within |
| 2023-09-05 | After-Close | 9.25% | 2.70% | 0.29x | Within |
| 2023-11-27 | After-Close | 8.88% | 1.01% | 0.11x | Within |
| 2024-02-29 | After-Close | 12.49% | 9.40% | 0.75x | Within |
| 2024-05-30 | After-Close | 16.02% | 8.50% | 0.53x | Within |
| 2024-09-03 | After-Close | 13.43% | 18.67% | 1.39x | Exceeded |
| 2025-05-29 | After-Close | 6.46% | 9.79% | 1.52x | Exceeded |
| 2025-09-02 | After-Close | 10.60% | 1.45% | 0.14x | Within |
| 2025-11-25 | After-Close | 10.00% | 13.03% | 1.30x | Exceeded |
| 2026-02-26 | After-Close | 9.53% | 12.17% | 1.28x | Exceeded |
| 2026-05-26 | After-Close | 14.67% | 31.52% | 2.15x | Exceeded |
| 2026-09-03 | After-Close | 14.62% | 4.50% | 0.31x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
ZS Options Activity & IV Rank
ZS IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 54.1%
7-DTE IV: 57.0%
Expected Move: $28.60
7-DTE Move: $16.48
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 2,039
Put Volume: 2,123
P/C Volume: 1.041
NEUTRAL
Call OI: 19,204
Put OI: 16,376
P/C OI: 0.853
Total OI: 35,580
ATM Options Pricing
ATM Call: $15.45
ATM Put: $13.15
Call %: 6.7%
Put %: 5.7%
Chain Summary
Chain Volume: 22,964
Chain OI: 209,972
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 77th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
77%
vs own history
GEX tilt
+0.40
OI-weighted, today
Vanna tilt
+0.32
δ-sensitivity to IV
Charm tilt
-0.50
δ-decay vs time
Vanna tilt +0.32: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.50: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 213 ATM contracts, 60k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
85%
+8.2
pts
EXTREME
as of Oct 21 · ATM 57.1% / Wing 65.3%
30 DTE / 10d
43%
+4.0
pts
EXTREME
as of Oct 21 · ATM 53.9% / Wing 57.9%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)14.2LowOct 21
IV Rank (30 DTE)15.4LowOct 21
Straddle Price (30 DTE)$28.60Oct 21
Beta Analysis
Risk Metrics
Beta: 1.0279
Alpha: -20.94%
Correlation: 0.1939
R-Squared: 3.8%
Stock Volatility: 67.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
ZS Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 160,219,000 (as of 2026-07-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
66 filers$1.50B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $350.15M | 23.38% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $232.40M | 15.52% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $192.67M | 12.86% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $136.22M | 9.09% | 2026-06-30 |
| 5 | Millennium Management LLC Custodian | $87.87M | 5.87% | 2026-06-30 |
| 6 | D. E. Shaw & Co., Inc. Custodian | $81.46M | 5.44% | 2026-06-30 |
| 7 | Wolverine Trading, LLC Custodian | $70.04M | 4.68% | 2025-09-30 |
| 8 | Optiver Holding B.V. | $37.43M | 2.50% | 2026-06-30 |
| 9 | Squarepoint Ops LLC | $28.98M | 1.93% | 2026-06-30 |
| 10 | Walleye Trading LLC | $27.50M | 1.84% | 2026-06-30 |
| 11 | GROUP ONE TRADING LLC Custodian | $25.14M | 1.68% | 2026-06-30 |
| 12 | Oribel Capital Management, LP | $23.63M | 1.58% | 2026-06-30 |
| 13 | Point72 Asset Management, L.P. | $19.85M | 1.32% | 2026-06-30 |
| 14 | Qube Research & Technologies Ltd | $19.31M | 1.29% | 2026-06-30 |
| 15 | Simplex Trading, LLC Custodian | $18.48M | 1.23% | 2026-06-30 |
| 16 | UBS Group AG Custodian | $15.16M | 1.01% | 2026-06-30 |
| 17 | Verition Fund Management LLC | $14.61M | 0.98% | 2026-06-30 |
| 18 | Caption Management, LLC | $10.59M | 0.71% | 2026-06-30 |
| 19 | PEAK6 LLC | $9.40M | 0.63% | 2026-06-30 |
| 20 | Allianz Asset Management GmbH | $9.19M | 0.61% | 2026-06-30 |
| 21 | JPMorgan Chase & Co Custodian | $9.03M | 0.60% | 2026-06-30 |
| 22 | SG Americas Securities, LLC | $7.14M | 0.48% | 2026-06-30 |
| 23 | ELEMENT CAPITAL MANAGEMENT LLC | $7.06M | 0.47% | 2026-06-30 |
| 24 | CREDIT AGRICOLE S A | $7.06M | 0.47% | 2026-06-30 |
| 25 | TUDOR INVESTMENT CORP ET AL | $6.34M | 0.42% | 2026-06-30 |
53 filers$1.59B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $266.73M | 16.75% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $260.41M | 16.35% | 2026-06-30 |
| 3 | SG Americas Securities, LLC | $194.37M | 12.21% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $135.29M | 8.50% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $94.46M | 5.93% | 2026-06-30 |
| 6 | Optiver Holding B.V. | $76.35M | 4.79% | 2026-06-30 |
| 7 | Millennium Management LLC Custodian | $69.57M | 4.37% | 2026-06-30 |
| 8 | D. E. Shaw & Co., Inc. Custodian | $63.00M | 3.96% | 2026-06-30 |
| 9 | Goldman Sachs Group Inc Custodian | $50.55M | 3.17% | 2026-06-30 |
| 10 | Wolverine Trading, LLC Custodian | $45.51M | 2.86% | 2025-09-30 |
| 11 | Point72 Asset Management, L.P. | $30.32M | 1.90% | 2026-06-30 |
| 12 | UBS Group AG Custodian | $29.31M | 1.84% | 2026-06-30 |
| 13 | TUDOR INVESTMENT CORP ET AL | $26.45M | 1.66% | 2026-06-30 |
| 14 | Squarepoint Ops LLC | $23.35M | 1.47% | 2026-06-30 |
| 15 | Simplex Trading, LLC Custodian | $21.92M | 1.38% | 2026-06-30 |
| 16 | Qube Research & Technologies Ltd | $21.84M | 1.37% | 2026-06-30 |
| 17 | Walleye Trading LLC | $19.46M | 1.22% | 2026-06-30 |
| 18 | Capula Management Ltd | $17.22M | 1.08% | 2026-06-30 |
| 19 | ADAPT Investment Managers SA | $14.12M | 0.89% | 2026-06-30 |
| 20 | Marshall Wace, LLP Custodian | $12.05M | 0.76% | 2026-06-30 |
| 21 | Allianz Asset Management GmbH | $11.32M | 0.71% | 2026-06-30 |
| 22 | Cubist Systematic Strategies, LLC | $9.38M | 0.59% | 2025-09-30 |
| 23 | GROUP ONE TRADING LLC Custodian | $9.32M | 0.59% | 2026-06-30 |
| 24 | Eisler Capital Management Ltd. | $9.30M | 0.58% | 2025-09-30 |
| 25 | Laurion Capital Management LP | $8.78M | 0.55% | 2026-06-30 |
ZS Insider Trading (Form 4)
Latest: 2026-10-20Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-20 | Kevin Rubin | Chief Financial Officer | Award (A) | +19,859 | — | EDGAR | |
| 2026-10-20 | Robert Schlossman | Chief Legal Officer | Award (A) | +14,185 | — | EDGAR | |
| 2026-10-20 | Adam Geller | Chief Product Officer | Award (A) | +19,859 | — | EDGAR | |
| 2026-10-13 | Adam Geller | Chief Product Officer | Mixed | — | $215.74 | -$506.6K | EDGAR |
| 2026-09-28 | Kevin Rubin | Chief Financial Officer | Sell (S) | −519 | $197.28 | -$102.4K | EDGAR |
| 2026-09-21 | Adam Geller | Chief Product Officer | Sell (S) | −661 | $200.00 | -$132.2K | EDGAR |
| 2026-09-21 | Robert Schlossman | Chief Legal Officer | Sell (S) | −5,394 | $200.00 | -$1.08M | EDGAR |
| 2026-09-17 | Robert Schlossman | Chief Legal Officer | Sell (S) | −2,325 | $192.76 | -$448.2K | EDGAR |
| 2026-09-17 | Kevin Rubin | Chief Financial Officer | Mixed | +2,392 | $192.76 | -$1.15M | EDGAR |
| 2026-09-17 | James A Beer | Director | Sell (S) | −177 | $192.01 | -$34.0K | EDGAR |
| 2026-09-17 | Jagtar Singh Chaudhry | CEO & Chairman | Sell (S) | −2,852 | $192.76 | -$549.8K | EDGAR |
| 2026-09-17 | Michael J. Rich | CRO and President of WW Sales | Sell (S) | −4,108 | $192.76 | -$791.9K | EDGAR |
| 2026-09-17 | Adam Geller | Chief Product Officer | Mixed | −3,345 | $192.42 | -$1.96M | EDGAR |
| 2026-08-26 | Kevin Rubin | Chief Financial Officer | Sell (S) | −503 | $173.38 | -$87.2K | EDGAR |
| 2026-07-28 | Kevin Rubin | Chief Financial Officer | Sell (S) | −503 | $147.12 | -$74.0K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
ZS Insider Holdings
17 insiders · @ $231.33
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Ajay Mangal | 10%+ Owner | 2,550,575 | $590.02M | -$132.10M | 4 | 2025-06-11 |
| 2 | P Jyoti Chaudhry | 10%+ Owner | 2,528,694 | $584.96M | $0 | 4 | 2025-09-29 |
| 3 | Jagtar Singh Chaudhry | CEO & Chairman | 346,852 | $80.24M | -$52.56M | 27 | 2026-09-17 |
| 4 | Charles H Giancarlo | Director | 270,451 | $62.56M | -$21.93M | 12 | 2026-01-13 |
| 5 | Remo Canessa | Chief Financial Officer | 213,702 | $49.44M | -$126.77M | 38 | 2025-03-20 |
| 6 | Syam Nair | CTO | 106,659 | $24.67M | -$13.20M | 9 | 2025-06-18 |
| 7 | Michael J. Rich | CRO and President of WW Sales | 96,193 | $22.25M | -$14.33M | 14 | 2026-09-17 |
| 8 | Robert Schlossman | Chief Legal Officer | 75,776 | $17.53M | -$77.91M | 77 | 2026-10-20 |
| 9 | Karen Blasing | Director | 68,381 | $15.82M | -$33.45M | 68 | 2026-01-13 |
| 10 | Raj Judge | EVP, Corp. Strategy & Ventures | 67,906 | $15.71M | -$3.35M | 5 | 2026-03-18 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ZS Board & Officers
As of SEC filings through Oct 20, 2026Directors 8
- Andrew William Fraser Brown · since Mar 15, 2018
- Charles H Giancarlo · since Mar 15, 2018
- Jagtar Singh Chaudhry · since Mar 15, 2018
- Karen Blasing · since Mar 15, 2018
- Scott C Darling · since Mar 15, 2018
- David Schneider · since Jan 10, 2020
- Eileen Naughton · since Sep 1, 2021
- James A Beer · since May 25, 2024
Officers 6
- Jagtar Singh Chaudhry · CEO & Chairman · listed since Mar 2022
- Michael J. Rich · CRO and President of WW Sales · since Mar 5, 2024
- Kevin Rubin · Chief Financial Officer · since May 26, 2025
- Robert Schlossman · Chief Legal Officer · since Mar 15, 2018
- Adam Geller · Chief Product Officer · since Nov 7, 2024
- Raj Judge · EVP, Corp. Strategy & Ventures · since May 20, 2025
10% owners 4
- Ajay Mangal · since Mar 15, 2018
- CJCP Trust (entity) · since Mar 15, 2018
- Jagtar Singh Chaudhry · since Mar 15, 2018
- P Jyoti Chaudhry · since Mar 15, 2018
Changes in the last 10 years (44)
| Apr 15, 2026 | The company announced the departure of Raj Judge from the board in an SEC filing |
| Jun 23, 2025 | The company announced the departure of Syam Nair as CTO in an SEC filing |
| May 26, 2025 | Kevin Rubin became Chief Financial Officer |
| May 20, 2025 | Raj Judge became a director |
| May 20, 2025 | Raj Judge became EVP, Corp. Strategy & Ventures |
| Dec 2, 2024 | The company announced the departure of Remo Canessa as Chief Financial Officer in an SEC filing |
| Nov 7, 2024 | Adam Geller became Chief Product Officer |
| May 25, 2024 | James A Beer became a director |
| Mar 5, 2024 | Michael J. Rich became CRO and President of WW Sales |
| Jan 29, 2024 | The company announced the departure of Dali Rajic as Chief Operating Officer in an SEC filing |
| Jul 26, 2023 | Syam Nair became CTO |
| Oct 6, 2022 | The company announced the departure of Amit Sinha as President in an SEC filing |
| Mar 17, 2022 | Jagtar Singh Chaudhry listed as CEO & Chairman (previously President, CEO & Chairman) in SEC filings |
| Mar 17, 2022 | Dali Rajic listed as Chief Operating Officer (previously Pres Go-To-Mkt/ Chief Rev Ofcr) in SEC filings |
| Mar 17, 2022 | Amit Sinha listed as President (previously President of R&D and CTO) in SEC filings |
| Sep 1, 2021 | Eileen Naughton became a director |
| Sep 9, 2020 | Manoj Apte reported in an SEC filing no longer being Chief Strategy Officer |
| Jan 10, 2020 | David Schneider became a director |
| Sep 10, 2019 | Dali Rajic became Pres Go-To-Mkt/ Chief Rev Ofcr |
| Sep 5, 2019 | Amit Sinha listed as President of R&D and CTO (previously CTO & EVP of Eng/Cloud Ops) in SEC filings |
| Mar 22, 2018 | TPG Group Holdings (SBS) Advisors, Inc. reported in an SEC filing no longer being a 10% owner |
| Mar 22, 2018 | James G Coulter reported in an SEC filing no longer being a 10% owner |
| Mar 22, 2018 | David Bonderman reported in an SEC filing no longer being a 10% owner |
| Mar 15, 2018 | William E Welch became Chief Operating Officer |
| Mar 15, 2018 | TPG Group Holdings (SBS) Advisors, Inc. became a 10% owner |
| Mar 15, 2018 | Scott C Darling became a director |
| Mar 15, 2018 | Robert Schlossman became Chief Legal Officer |
| Mar 15, 2018 | Remo Canessa became Chief Financial Officer |
| Mar 15, 2018 | P Jyoti Chaudhry became a 10% owner |
| Mar 15, 2018 | Nehal Raj became a director |
| Mar 15, 2018 | Manoj Apte became Chief Strategy Officer |
| Mar 15, 2018 | Lane Bess became a director |
| Mar 15, 2018 | Karen Blasing became a director |
| Mar 15, 2018 | James G Coulter became a 10% owner |
| Mar 15, 2018 | Jagtar Singh Chaudhry became a director |
| Mar 15, 2018 | Jagtar Singh Chaudhry became a 10% owner |
| Mar 15, 2018 | Jagtar Singh Chaudhry became President, CEO & Chairman |
| Mar 15, 2018 | David Bonderman became a 10% owner |
| Mar 15, 2018 | Charles H Giancarlo became a director |
| Mar 15, 2018 | CJCP Trust became a 10% owner |
| Mar 15, 2018 | Andrew William Fraser Brown became a director |
| Mar 15, 2018 | Amit Sinha became a director |
| Mar 15, 2018 | Amit Sinha became CTO & EVP of Eng/Cloud Ops |
| Mar 15, 2018 | Ajay Mangal became a 10% owner |
Not reported recently (4)
- Amit Sinha · Last reported as a director in an SEC filing dated Jan 2, 2024
- Nehal Raj · Last reported as a director in an SEC filing dated Sep 30, 2019
- Lane Bess · Last reported as a director in an SEC filing dated Mar 20, 2018
- William E Welch · Last reported as Chief Operating Officer in an SEC filing dated Mar 15, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ZS Proposed Insider Sales (Form 144)
Latest: 2026-10-13
? Form 144 Guide
Last 30d:
5 filings
· $7.2M notice value
· Last 90d:
12 filings
· $12.1M notice value
· 6 unique filers
· 58% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Adam Geller (5, $7.7M) · Robert Schlossman (2, $1.5M) · Kevin Rubin (2, $1.5M) · Mike Rich (1, $792K) · Jay Chaudhry (1, $550K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-13 | ADAM GELLER | Officer | 1,042 | $245.9K | 2026-10-12 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-10-09 | ADAM GELLER | Officer | 23,958 | $5.40M | 2026-10-09 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-25 | Kevin Rubin | Officer | 1,547 | $332.0K | 2026-09-25 | J.P. Morgan Securities LLC | 10b5-1 | EDGAR |
| 2026-09-21 | ROBERT SCHLOSSMAN | Officer | 5,394 | $1.06M | 2026-09-21 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-21 | ADAM GELLER | Officer | 661 | $132.2K | 2026-09-21 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-17 | ADAM GELLER | Officer | 4,584 | $880.2K | 2026-09-17 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-17 | JAMES A BEER | Director | 177 | $34.0K | 2026-09-17 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-09-16 | Kevin Rubin | Officer | 5,957 | $1.15M | 2026-09-16 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-09-16 | Mike Rich | Officer | 4,108 | $791.9K | 2026-09-16 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-09-16 | Adam Geller | Officer | 5,578 | $1.08M | 2026-09-16 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-26
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-26 | 0001713683-26-000095 | EDGAR |
| 2026-04-16 | 0001713683-26-000082 | EDGAR |
| 2026-02-26 | 0001713683-26-000047 | EDGAR |
| 2026-01-15 | 0001713683-26-000031 | EDGAR |
| 2025-11-25 | 0001713683-25-000203 | EDGAR |
| 2025-09-02 | 0001713683-25-000138 | EDGAR |
| 2025-07-03 | 0001193125-25-155487 | EDGAR |
| 2025-06-23 | 0001713683-25-000133 | EDGAR |
| 2025-06-13 | 0001713683-25-000103 | EDGAR |
| 2025-05-29 | 0001713683-25-000078 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2025-09-11 | 0001713683-25-000158 | EDGAR |
| 2024-09-12 | 0001713683-24-000109 | EDGAR |
| 2023-09-14 | 0001713683-23-000113 | EDGAR |
| 2022-09-15 | 0001713683-22-000081 | EDGAR |
| 2021-09-16 | 0001713683-21-000175 | EDGAR |
| 2020-09-17 | 0001713683-20-000163 | EDGAR |
| 2019-09-18 | 0001713683-19-000030 | EDGAR |
| 2018-09-13 | 0001628280-18-011833 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-26 | 0001713683-26-000096 | EDGAR |
| 2026-02-26 | 0001713683-26-000048 | EDGAR |
| 2025-11-25 | 0001713683-25-000205 | EDGAR |
| 2025-05-29 | 0001713683-25-000079 | EDGAR |
| 2025-03-10 | 0001713683-25-000033 | EDGAR |
| 2024-12-05 | 0001713683-24-000150 | EDGAR |
| 2024-06-07 | 0001713683-24-000075 | EDGAR |
| 2024-03-06 | 0001713683-24-000041 | EDGAR |
| 2023-12-06 | 0001713683-23-000171 | EDGAR |
| 2023-06-07 | 0001713683-23-000059 | EDGAR |
ETF Holders
218 ETFs hold ZS
25 shown · $3.80B total exposure · 0.36% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | CIBR First Trust Nasdaq Cybersecurity ETF | First Trust | 3.97% | $688.0M | $17.3B | 2026-10-20 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.03% | $663.0M | — | 2026-09-30 |
| 3 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.21% | $448.8M | — | 2026-09-30 |
| 4 | VUG Vanguard Morningstar Growth ETF | Vanguard | 0.09% | $335.6M | — | 2026-09-30 |
| 5 | VXF Vanguard Extended Market ETF | Vanguard | 0.25% | $236.1M | — | 2026-09-30 |
| 6 | VGT Vanguard Information Technology ETF | Vanguard | 0.11% | $194.2M | — | 2026-09-30 |
| 7 | VOT Vanguard Morningstar Mid-Cap Growth ETF | Vanguard | 0.50% | $164.6M | — | 2026-09-30 |
| 8 | HACK Amplify Cybersecurity ETF | Amplify | 4.77% | $159.7M | $3.3B | 2026-10-20 |
| 9 | BUG Global X Cybersecurity ETF | Global X | 6.10% | $127.7M | — | 2026-10-21 |
| 10 | IWP iShares Russell Mid-Cap Growth ETF | iShares (BlackRock) | 0.66% | $126.3M | $19.3B | 2026-10-20 |
| 11 | IGV iShares Expanded Tech-Software Sector ETF | iShares (BlackRock) | 0.78% | $109.8M | $14.4B | 2026-10-20 |
| 12 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.16% | $93.8M | $57.3B | 2026-10-20 |
| 13 | IWF iShares Russell 1000 Growth ETF | iShares (BlackRock) | 0.07% | $84.2M | $126.1B | 2026-10-20 |
| 14 | IHAK iShares Cybersecurity and Tech ETF | iShares (BlackRock) | 5.56% | $65.2M | $1.2B | 2026-10-20 |
| 15 | AIQ Global X Artificial Intelligence & Technology ETF | Global X | 0.45% | $46.5M | — | 2026-10-21 |
| 16 | VONG Vanguard Russell 1000 Growth ETF | Vanguard | 0.06% | $34.0M | — | 2026-09-30 |
| 17 | SCHG Schwab U.S. Large-Cap Growth ETF | Nport | 0.05% | $30.9M | — | 2026-05-31 |
| 18 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.03% | $29.4M | $97.4B | 2026-10-20 |
| 19 | IYW iShares U.S. Technology ETF | iShares (BlackRock) | 0.11% | $27.5M | $25.0B | 2026-10-20 |
| 20 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.13% | $27.1M | $21.3B | 2026-10-20 |
| 21 | VV Vanguard Morningstar Large-Cap ETF | Vanguard | 0.03% | $24.7M | — | 2026-09-30 |
| 22 | SKYY First Trust Cloud Computing ETF | First Trust | 0.66% | $22.6M | $3.4B | 2026-10-20 |
| 23 | ESGU iShares ESG Aware MSCI USA ETF | iShares (BlackRock) | 0.12% | $21.3M | $18.3B | 2026-10-20 |
| 24 | JQUA JPMorgan U.S. Quality Factor ETF | JPMorgan | 0.22% | $21.2M | $9.4B | 2026-10-21 |
| 25 | CLOU Global X Cloud Computing ETF | Global X | 4.92% | $20.6M | — | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.39
TTM Revenue
$3.35B
TTM Net Income
$-63.18M
TTM Op. Cash Flow
$1.13B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '26 | 2026-07-31 | $898.18M | $-3.37M | $-0.02 | $279.29M |
| Q3 '26 | 2026-04-30 | $850.48M | $-13.88M | $-0.09 | $198.02M |
| Q2 '26 | 2026-01-31 | $815.75M | $-34.31M | $-0.21 | $204.07M |
| Q1 '26 | 2025-10-31 | $788.11M | $-11.62M | $-0.07 | $448.28M |
| Q4 '25 | 2025-07-31 | $719.23M | $-17.58M | $-0.11 | $250.60M |
| Q3 '25 | 2025-04-30 | $678.03M | $-4.12M | $-0.03 | $211.08M |
| Q2 '25 | 2025-01-31 | $647.90M | $-7.72M | $-0.05 | $179.43M |
| Q1 '25 | 2024-10-31 | $627.96M | $-12.05M | $-0.08 | $331.33M |
| Q4 '24 | 2024-07-31 | $592.87M | $-14.88M | $-0.10 | $203.56M |
| Q3 '24 | 2024-04-30 | $553.20M | $19.12M | $0.12 | $173.41M |
| Q2 '24 | 2024-01-31 | $525.00M | $-28.47M | $-0.19 | $142.07M |
| Q1 '24 | 2023-10-31 | $496.70M | $-33.48M | $-0.23 | $260.81M |
Q4 2026 • period ending 2026-07-31 • filed 2026-09-03
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
14.26
P/S
11.06
EV/EBITDA
643.99
EV/Sales
11.28
ROE
-2.4%
ROA
-0.8%
Div Yield
0.00%
FCF Yield
3.05%
Debt/Equity
0.65
Current Ratio
—
Market Cap
$37.06B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
5.80M
SI % of Float
5.52%
Days to Cover
1.80
Short Vol Ratio
53.4%
Free Float
105.09M
Float %
64.5%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-09-22