Zscaler (NASDAQ:ZS) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Zscaler (NASDAQ:ZS) from a hold rating to a buy rating in a report released on Sunday.

A number of other equities research analysts have also recently weighed in on the company. Scotiabank reduced their price objective on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 3rd. Piper Sandler boosted their price target on Zscaler from $260.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. B. Riley began coverage on Zscaler in a research note on Tuesday, August 26th. They set a “neutral” rating and a $275.00 price target for the company. UBS Group cut their price objective on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Finally, Roth Capital restated a “neutral” rating on shares of Zscaler in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.00.

Zscaler Stock Performance

Zscaler stock opened at $282.29 on Friday. Zscaler has a fifty-two week low of $153.45 and a fifty-two week high of $318.46. The firm has a 50 day moving average price of $284.15 and a 200 day moving average price of $252.24. The company has a market capitalization of $43.95 billion, a PE ratio of -1,045.52 and a beta of 1.05.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.49%. The company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same period in the prior year, the business earned $0.88 EPS. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. As a group, equities research analysts forecast that Zscaler will post -0.1 earnings per share for the current year.

Insider Transactions at Zscaler

In related news, insider Robert Schlossman sold 3,174 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $305.07, for a total value of $968,292.18. Following the sale, the insider directly owned 88,970 shares of the company’s stock, valued at approximately $27,142,077.90. This represents a 3.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raj Judge sold 2,957 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total transaction of $898,040.90. Following the completion of the sale, the executive vice president directly owned 76,289 shares in the company, valued at approximately $23,168,969.30. The trade was a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,305 shares of company stock worth $7,093,136 in the last 90 days. Insiders own 18.10% of the company’s stock.

Institutional Investors Weigh In On Zscaler

Hedge funds have recently modified their holdings of the company. Quaker Wealth Management LLC boosted its stake in shares of Zscaler by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 194 shares during the last quarter. Exane Asset Management raised its holdings in Zscaler by 185.7% in the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Kozak & Associates Inc. acquired a new position in Zscaler in the 2nd quarter valued at $35,000. ORG Partners LLC raised its holdings in Zscaler by 284.8% in the 1st quarter. ORG Partners LLC now owns 127 shares of the company’s stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Zscaler in the 1st quarter valued at $26,000. 46.45% of the stock is owned by institutional investors and hedge funds.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.