Zscaler (NASDAQ:ZS) Price Target Raised to $350.00

Zscaler (NASDAQ:ZS) had its price target upped by Royal Bank Of Canada from $335.00 to $350.00 in a research note published on Thursday, MarketBeat.com reports. They currently have an outperform rating on the stock.

Several other research analysts have also weighed in on the stock. Zacks Research lowered shares of Zscaler from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 3rd. Scotiabank reduced their target price on shares of Zscaler from $360.00 to $334.00 and set a “sector outperform” rating for the company in a report on Wednesday, September 3rd. Morgan Stanley raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $280.00 to $320.00 in a report on Tuesday, September 2nd. Rosenblatt Securities lifted their target price on shares of Zscaler from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $330.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.43.

Zscaler Stock Down 0.7%

Zscaler stock opened at $305.41 on Thursday. The firm has a market capitalization of $48.35 billion, a PE ratio of -1,131.15 and a beta of 1.06. The company’s 50-day moving average is $282.18 and its 200-day moving average is $263.97. Zscaler has a fifty-two week low of $164.78 and a fifty-two week high of $318.46. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. Zscaler’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Sell-side analysts anticipate that Zscaler will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the completion of the sale, the executive vice president owned 73,832 shares of the company’s stock, valued at $20,724,642.40. The trade was a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam Geller sold 10,464 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the completion of the sale, the insider directly owned 43,478 shares of the company’s stock, valued at $12,358,621.50. This represents a 19.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,884 shares of company stock worth $11,406,825. 18.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zscaler

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC raised its position in shares of Zscaler by 2.2% in the 2nd quarter. Corient Private Wealth LLC now owns 31,715 shares of the company’s stock valued at $9,955,000 after buying an additional 672 shares in the last quarter. CacheTech Inc. acquired a new position in shares of Zscaler in the 2nd quarter valued at approximately $235,000. Adams Wealth Management acquired a new position in shares of Zscaler in the 2nd quarter valued at approximately $235,000. Caldwell Trust Co acquired a new position in shares of Zscaler in the 2nd quarter valued at approximately $63,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Zscaler in the 2nd quarter valued at approximately $217,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Company Profile

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.