Zscaler (NASDAQ:ZS) Given New $366.00 Price Target at Royal Bank Of Canada

Zscaler (NASDAQ:ZS) had its price target raised by Royal Bank Of Canada from $350.00 to $366.00 in a report issued on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 12.31% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and set a $350.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $340.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Guggenheim reissued a “neutral” rating on shares of Zscaler in a research report on Wednesday, September 3rd. JMP Securities reiterated a “market outperform” rating and issued a $355.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Finally, B. Riley assumed coverage on shares of Zscaler in a report on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $311.14.

Zscaler Trading Down 1.6%

ZS traded down $5.40 on Wednesday, reaching $325.89. 26,115 shares of the company traded hands, compared to its average volume of 1,975,942. The company has a market cap of $51.59 billion, a P/E ratio of -1,205.55 and a beta of 1.06. The firm has a fifty day simple moving average of $303.09 and a two-hundred day simple moving average of $287.00. Zscaler has a one year low of $164.78 and a one year high of $336.99. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) 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 analysts’ expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.Zscaler’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. 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 expect that Zscaler will post -0.1 earnings per share for the current year.

Insider Transactions at Zscaler

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the transaction, the executive vice president owned 73,832 shares in the company, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam Geller sold 11,193 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the transaction, the insider owned 53,942 shares in the company, valued at $15,141,519.40. The trade was a 17.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 43,084 shares of company stock valued at $12,446,825 in the last 90 days. 18.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zscaler

Several institutional investors and hedge funds have recently bought and sold shares of ZS. Tradewinds Capital Management LLC lifted its holdings in Zscaler by 145.7% in the third quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after acquiring an additional 51 shares during the last quarter. Root Financial Partners LLC purchased a new position in Zscaler during the third quarter worth about $26,000. McIlrath & Eck LLC purchased a new stake in shares of Zscaler in the 3rd quarter valued at approximately $29,000. Quaker Wealth Management LLC lifted its holdings in shares of Zscaler by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 194 shares during the last quarter. Finally, Exane Asset Management boosted its position in shares of Zscaler by 185.7% during the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after purchasing an additional 65 shares during the period. 46.45% of the stock is currently 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.