Zscaler (NASDAQ:ZS) Given New $310.00 Price Target at Needham & Company LLC

Zscaler (NASDAQ:ZS) had its target price cut by stock analysts at Needham & Company LLC from $350.00 to $310.00 in a report issued on Wednesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 7.00% from the company’s previous close.

Several other research analysts also recently issued reports on ZS. JMP Securities reaffirmed a “market outperform” rating and set a $355.00 price objective on shares of Zscaler in a report on Wednesday, September 3rd. Royal Bank Of Canada upped their price target on Zscaler from $350.00 to $366.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Bank of America decreased their price target on Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Zscaler in a report on Wednesday, October 8th. Finally, Scotiabank reduced their target price on shares of Zscaler from $360.00 to $334.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $316.11.

Zscaler Stock Up 3.3%

Shares of NASDAQ:ZS opened at $289.73 on Wednesday. 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 firm has a market cap of $46.20 billion, a P/E ratio of -1,073.07 and a beta of 1.06. Zscaler has a 12 month low of $164.78 and a 12 month high of $336.99. The company’s 50-day moving average price is $305.82 and its two-hundred day moving average price is $291.48.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The company had revenue of $788.11 million for the quarter, compared to analyst estimates of $773.86 million. During the same period in the prior year, the business earned $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. As a group, research analysts forecast that Zscaler will post -0.1 EPS for the current fiscal year.

Insider Activity

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 73,832 shares in the company, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the transaction, the chief executive officer directly owned 350,700 shares of the company’s stock, valued at $98,441,490. This trade represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 43,084 shares of company stock valued at $12,446,825. Insiders own 18.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brookstone Capital Management acquired a new position in shares of Zscaler in the 2nd quarter valued at approximately $283,000. Ensign Peak Advisors Inc lifted its stake in Zscaler by 9.9% in the second quarter. Ensign Peak Advisors Inc now owns 395,391 shares of the company’s stock valued at $124,129,000 after buying an additional 35,770 shares in the last quarter. Parisi Gray Wealth Management bought a new position in Zscaler in the second quarter valued at approximately $801,000. GGM Financials LLC acquired a new position in shares of Zscaler in the second quarter valued at approximately $5,811,000. Finally, Howe & Rusling Inc. increased its position in shares of Zscaler by 17.1% during the first quarter. Howe & Rusling Inc. now owns 24,672 shares of the company’s stock worth $4,895,000 after acquiring an additional 3,611 shares in the last quarter. 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.