Zscaler (NASDAQ:ZS) Price Target Raised to $260.00

Zscaler (NASDAQ:ZS) had its price target hoisted by Citigroup from $245.00 to $260.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on ZS. Sanford C. Bernstein lifted their price target on shares of Zscaler from $224.00 to $298.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. Guggenheim boosted their price target on shares of Zscaler from $214.00 to $254.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Morgan Stanley increased their price objective on shares of Zscaler from $165.00 to $185.00 and gave the company an “equal weight” rating in a report on Wednesday, October 7th. Mizuho set a $235.00 price objective on shares of Zscaler in a report on Wednesday, October 7th. Finally, Weiss Ratings upgraded Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. Thirty-five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.78.

Zscaler Trading Down 5.9%

ZS stock opened at $207.38 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. Zscaler has a 1-year low of $114.63 and a 1-year high of $336.99. The business has a 50 day simple moving average of $192.00 and a two-hundred day simple moving average of $160.01. The company has a market capitalization of $33.81 billion, a price-to-earnings ratio of -531.74, a PEG ratio of 19.93 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $898.19 million for the quarter, compared to analysts’ expectations of $876.96 million. During the same quarter last year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Research analysts anticipate that Zscaler will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In other news, insider Robert Schlossman sold 5,394 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the sale, the insider directly owned 61,525 shares in the company, valued at approximately $12,305,000. This represents a 8.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Beer sold 177 shares of the stock in a transaction dated 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 transaction, the director directly owned 4,030 shares of the company’s stock, valued at approximately $773,800.30. The trade was a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 54,053 shares of company stock valued at $11,256,876. Corporate insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Zscaler

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZS. Quintet Private Bank Europe S.A. lifted its stake in shares of Zscaler by 4.5% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 1,170 shares of the company’s stock valued at $233,000 after purchasing an additional 50 shares during the last quarter. Triumph Capital Management boosted its holdings in shares of Zscaler by 6.3% in the 3rd quarter. Triumph Capital Management now owns 923 shares of the company’s stock worth $184,000 after purchasing an additional 55 shares during the period. NFSG Corp boosted its holdings in shares of Zscaler by 2.6% in the 3rd quarter. NFSG Corp now owns 2,437 shares of the company’s stock worth $486,000 after purchasing an additional 62 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Zscaler by 18.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 417 shares of the company’s stock valued at $59,000 after purchasing an additional 66 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of Zscaler by 84.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 153 shares of the company’s stock valued at $31,000 after purchasing an additional 70 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

About Zscaler

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

The company’s offerings include Zscaler Internet Access, which helps secure internet and software-as-a-service access, and Zscaler Private Access, which provides controlled access to private applications without extending an organization’s network to remote users.