Citizens Jmp Reiterates “Market Outperform” Rating for Zscaler (NASDAQ:ZS)

Zscaler (NASDAQ:ZS)‘s stock had its “market outperform” rating reaffirmed by stock analysts at Citizens Jmp in a report issued on Wednesday,Benzinga reports. They presently have a $355.00 price target on the stock. Citizens Jmp’s price objective would indicate a potential upside of 36.50% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. UBS Group set a $340.00 price target on Zscaler in a report on Wednesday. Robert W. Baird boosted their price objective on shares of Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Mizuho boosted their price objective on shares of Zscaler from $310.00 to $325.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Piper Sandler raised their price target on Zscaler from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Bank of America dropped their target price on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $317.10.

Zscaler Stock Down 10.2%

ZS stock opened at $260.07 on Wednesday. The business’s 50-day simple moving average is $305.82 and its 200 day simple moving average is $291.48. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The company has a market cap of $41.47 billion, a PE ratio of -969.56 and a beta of 1.06. Zscaler has a twelve month low of $164.78 and a twelve month high of $336.99.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The business had revenue of $788.11 million for the quarter, compared to analysts’ expectations of $773.86 million. During the same period in the previous year, the business posted $0.77 earnings per share. Zscaler’s quarterly revenue was up 25.5% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS. Q2 2026 guidance at 0.890-0.900 EPS. On average, research analysts anticipate that Zscaler will post -0.1 earnings per share for the current year.

Insider Activity

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the completion of the sale, the chief executive officer directly owned 350,700 shares in the company, valued at approximately $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam Geller sold 10,464 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total value of $2,974,392.00. Following the transaction, the insider directly owned 43,478 shares in the company, valued at approximately $12,358,621.50. This trade represents a 19.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 43,084 shares of company stock worth $12,446,825. 18.10% of the stock is owned by insiders.

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. T. Rowe Price Investment Management Inc. bought a new stake in shares of Zscaler in the first quarter valued at approximately $516,622,000. Federated Hermes Inc. boosted its holdings in shares of Zscaler by 314.0% in the second quarter. Federated Hermes Inc. now owns 1,171,983 shares of the company’s stock worth $367,932,000 after acquiring an additional 888,888 shares during the period. Vanguard Group Inc. raised its stake in shares of Zscaler by 8.3% during the 2nd quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock valued at $3,363,909,000 after purchasing an additional 824,626 shares during the period. Nuveen LLC purchased a new stake in Zscaler during the 1st quarter worth about $153,340,000. Finally, AQR Capital Management LLC boosted its stake in Zscaler by 61.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,941,571 shares of the company’s stock worth $576,083,000 after purchasing an additional 741,756 shares during the period. 46.45% of the stock is currently owned by institutional investors.

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.