Zscaler is trading at $198.52, up 5.61%, rebounding after its September 25 selloff; the cause of the current gain is unclear.

  • The September 25 selloff followed Chief Revenue Officer Mike Rich’s planned departure and Ross Tackett’s appointment; this does not explain the current gain.
  • Barclays raised its price target to $220 from $200 and maintained an Overweight rating ahead of the October review; reporting does not confirm it drove the September 29 move.
  • Major indexes were nearly flat, so broad-market strength is not a clear explanation.