Zscaler, Inc. (NASDAQ:ZS – Get Free Report)’s share price was up 2.6% during trading on Tuesday . The stock traded as high as $142.05 and last traded at $141.15. 2,588,449 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 3,672,294 shares. The stock had previously closed at $137.60.
Wall Street Analysts Forecast Growth
ZS has been the subject of several research reports. Stifel Nicolaus dropped their price target on Zscaler from $180.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zscaler in a report on Tuesday, June 9th. Wells Fargo & Company lowered their price target on shares of Zscaler from $210.00 to $180.00 and set an “overweight” rating on the stock in a research report on Thursday, May 28th. Citizens Jmp cut their target price on Zscaler from $290.00 to $210.00 and set a “market outperform” rating for the company in a research report on Friday, May 1st. Finally, Wolfe Research reissued an “outperform” rating and issued a $150.00 target price on shares of Zscaler in a report on Thursday, June 11th. Thirty-four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average target price of $213.97.
Read Our Latest Stock Report on Zscaler
Zscaler Stock Up 2.6%
Zscaler (NASDAQ:ZS – Get Free Report) last released its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, research analysts forecast that Zscaler, Inc. will post 0.11 EPS for the current fiscal year.
Insider Activity
In other Zscaler news, CFO Kevin Rubin sold 3,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $124.22, for a total value of $372,660.00. Following the completion of the transaction, the chief financial officer owned 41,901 shares in the company, valued at $5,204,942.22. This represents a 6.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the completion of the transaction, the chief executive officer owned 343,038 shares in the company, valued at approximately $43,370,294.34. The trade was a 0.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 15,644 shares of company stock worth $1,960,287. 17.20% of the stock is owned by insiders.
Institutional Trading of Zscaler
Several hedge funds have recently made changes to their positions in ZS. Groupama Asset Managment lifted its stake in shares of Zscaler by 76,352.6% during the 3rd quarter. Groupama Asset Managment now owns 4,750,000 shares of the company’s stock valued at $1,423,385,000 after buying an additional 4,743,787 shares in the last quarter. First Trust Advisors LP increased its holdings in Zscaler by 36.2% during the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after acquiring an additional 935,781 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Zscaler by 43.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,572,358 shares of the company’s stock worth $578,576,000 after acquiring an additional 777,414 shares during the period. AQR Capital Management LLC lifted its stake in Zscaler by 61.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock worth $576,083,000 after purchasing an additional 741,756 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in Zscaler by 52.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock worth $269,285,000 after purchasing an additional 661,413 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.
About Zscaler
Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.
Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.
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