Zscaler, Inc. (NASDAQ:ZS – Get Free Report)’s stock price was up 6.7% during trading on Monday . The company traded as high as $169.41 and last traded at $171.8990. Approximately 593,392 shares changed hands during trading, a decline of 78% from the average daily volume of 2,753,958 shares. The stock had previously closed at $161.05.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on ZS. Oppenheimer decreased their price objective on Zscaler from $280.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, March 10th. Citigroup lowered Zscaler from a “buy” rating to a “neutral” rating in a research report on Monday. KeyCorp raised their price objective on Zscaler from $160.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen cut their price objective on Zscaler from $330.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zscaler in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $261.26.
View Our Latest Stock Analysis on Zscaler
Zscaler Stock Performance
Zscaler (NASDAQ:ZS – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $815.75 million during the quarter, compared to the consensus estimate of $798.92 million. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, research analysts predict that Zscaler, Inc. will post -0.03 EPS for the current year.
Insider Activity at Zscaler
In other news, CFO Kevin Rubin sold 1,682 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $263,384.38. Following the completion of the sale, the chief financial officer directly owned 46,479 shares in the company, valued at $7,278,146.61. This trade represents a 3.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Adam Geller sold 2,094 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total value of $321,491.82. Following the completion of the sale, the insider directly owned 46,949 shares of the company’s stock, valued at $7,208,079.97. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 12,130 shares of company stock worth $1,892,487. 17.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Zscaler
A number of large investors have recently modified their holdings of the company. Binnacle Investments Inc acquired a new position in Zscaler during the third quarter worth $25,000. Root Financial Partners LLC bought a new stake in shares of Zscaler during the third quarter worth about $26,000. AlphaCentric Advisors LLC bought a new stake in shares of Zscaler during the fourth quarter worth about $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Zscaler in the 3rd quarter worth about $30,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in Zscaler in the 4th quarter valued at about $30,000. 46.45% of the stock is currently owned by institutional investors.
Zscaler Company Profile
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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