Zscaler (NASDAQ:ZS) Stock Jumps 4.6% on Analyst Upgrade

Posted by on Sep 28th, 2026

Zscaler, Inc. (NASDAQ:ZS – Get Free Report) shares were up 4.6% during trading on Monday after Weiss Ratings upgraded the stock from a sell (e+) rating to a sell (d-) rating. The company traded as high as $201.76 and last traded at $201.8420. Approximately 1,972,972 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 3,396,514 shares. The stock had previously closed at $193.05.

Other analysts have also issued reports about the stock. Royal Bank Of Canada increased their price target on shares of Zscaler from $210.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday. Sanford C. Bernstein raised their price objective on Zscaler from $224.00 to $298.00 and gave the company an “outperform” rating in a research report on Thursday, September 17th. Robert W. Baird upped their target price on Zscaler from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. JPMorgan Chase & Co. increased their target price on Zscaler from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, August 26th. Finally, BMO Capital Markets increased their price objective on shares of Zscaler from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $219.28.

Check Out Our Latest Report on ZS

Insiders Place Their Bets

In related news, insider Adam Geller sold 661 shares of Zscaler stock in a transaction on Monday, September 21st. The shares were sold at an average price of $200.00, for a total value of $132,200.00. Following the completion of the sale, the insider owned 38,308 shares in the company, valued at approximately $7,661,600. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Beer sold 177 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $192.01, for a total transaction of $33,985.77. Following the completion of the sale, the director directly owned 4,030 shares in the company, valued at $773,800.30. This represents a 4.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 28,656 shares of company stock valued at $5,526,076. 17.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Zscaler

Hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd raised its holdings in Zscaler by 56.5% during the second quarter. WINTON GROUP Ltd now owns 4,890 shares of the company’s stock worth $690,000 after purchasing an additional 1,765 shares in the last quarter. NewEdge Advisors LLC increased its position in Zscaler by 7.8% during the second quarter. NewEdge Advisors LLC now owns 4,626 shares of the company’s stock worth $653,000 after acquiring an additional 336 shares during the period. Hudock Inc. acquired a new position in Zscaler during the 2nd quarter valued at $311,000. Allworth Financial LP boosted its holdings in Zscaler by 7.7% in the 2nd quarter. Allworth Financial LP now owns 3,578 shares of the company’s stock valued at $505,000 after purchasing an additional 256 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Zscaler by 6.4% in the 2nd quarter. Arizona State Retirement System now owns 29,965 shares of the company’s stock valued at $4,230,000 after purchasing an additional 1,799 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Stock Up 4.5%

The firm’s 50-day simple moving average is $174.24 and its 200-day simple moving average is $153.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $32.88 billion, a price-to-earnings ratio of -515.98, a price-to-earnings-growth ratio of 20.12 and a beta of 0.95.

Zscaler (NASDAQ:ZS – Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The business had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Sell-side analysts forecast that Zscaler, Inc. will post 0.7 earnings per share for the current year.

Zscaler Company Profile

(Get Free Report)

Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.

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