Zscaler (NASDAQ:ZS) Price Target Raised to $350.00

Zscaler (NASDAQ:ZS) had its price target lifted by Barclays from $320.00 to $350.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on ZS. Wall Street Zen downgraded Zscaler from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. BMO Capital Markets lifted their target price on Zscaler from $295.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, September 3rd. Evercore ISI upped their price target on Zscaler from $290.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. KeyCorp raised their price objective on Zscaler from $345.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Finally, Canaccord Genuity Group upped their target price on shares of Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.39.

Zscaler Stock Performance

Shares of ZS stock opened at $299.45 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The firm has a fifty day simple moving average of $305.33 and a two-hundred day simple moving average of $287.91. Zscaler has a 12 month low of $164.78 and a 12 month high of $336.99. The firm has a market capitalization of $47.40 billion, a PE ratio of -1,109.07 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. The firm had revenue of $719.23 million during the quarter, compared to analysts’ expectations of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The business’s revenue was up 21.3% on a year-over-year basis. During the same period last year, the company 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. Analysts forecast that Zscaler will post -0.1 EPS for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares in the company, valued at $20,724,642.40. The trade was a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $804,205.50. Following the sale, the chief executive officer owned 350,700 shares of the company’s stock, valued at approximately $98,441,490. The trade was a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,084 shares of company stock valued at $12,446,825 over the last quarter. Corporate insiders own 18.10% of the company’s stock.

Hedge Funds Weigh In On Zscaler

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brookstone Capital Management purchased a new position in shares of Zscaler in the 2nd quarter worth about $283,000. Parisi Gray Wealth Management purchased a new position in Zscaler in the second quarter worth about $801,000. GGM Financials LLC bought a new position in shares of Zscaler in the second quarter worth approximately $5,811,000. Howe & Rusling Inc. grew its holdings in shares of Zscaler by 17.1% during the first quarter. Howe & Rusling Inc. now owns 24,672 shares of the company’s stock valued at $4,895,000 after buying an additional 3,611 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of Zscaler by 2.5% during the first quarter. Focus Partners Wealth now owns 62,083 shares of the company’s stock valued at $12,319,000 after acquiring an additional 1,517 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Company Profile

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.