Berenberg Bank Cuts Zscaler (NASDAQ:ZS) Price Target to $390.00

Zscaler (NASDAQ:ZS) had its target price lowered by Berenberg Bank from $400.00 to $390.00 in a research note released on Friday morning,MarketScreener reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently commented on the company. Susquehanna increased their price objective on shares of Zscaler from $320.00 to $340.00 and gave the stock a “positive” rating in a research note on Wednesday, September 3rd. UBS Group dropped their target price on shares of Zscaler from $350.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday. Canaccord Genuity Group increased their price target on Zscaler from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Capital One Financial set a $320.00 price objective on Zscaler and gave the company an “overweight” rating in a research report on Wednesday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Zscaler in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and a consensus target price of $316.56.

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $251.28 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $303.63 and its 200-day moving average price is $291.66. Zscaler has a 52-week low of $164.78 and a 52-week high of $336.99. The company has a market cap of $40.07 billion, a PE ratio of -966.42 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results 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 0.12% and a negative net margin of 1.45%.The business had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. During the same period in the previous year, the company posted $0.77 EPS. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. 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, analysts anticipate that Zscaler will post -0.1 EPS for the current year.

Insider Activity

In other news, insider Adam Geller sold 11,193 shares of Zscaler stock in a transaction on 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 completion of the sale, the insider directly owned 53,942 shares in the company, valued at approximately $15,141,519.40. This trade represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company’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 $804,205.50. Following the completion of the transaction, the chief executive officer 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 43,084 shares of company stock valued at $12,446,825. 17.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. raised its position in Zscaler by 3.2% during the third quarter. Bessemer Group Inc. now owns 1,021 shares of the company’s stock worth $306,000 after acquiring an additional 32 shares during the last quarter. Cox Capital Mgt LLC increased its stake in shares of Zscaler by 0.6% during the 3rd quarter. Cox Capital Mgt LLC now owns 5,576 shares of the company’s stock worth $1,671,000 after purchasing an additional 33 shares in the last quarter. Brookstone Capital Management raised its position in shares of Zscaler by 3.7% during the 3rd quarter. Brookstone Capital Management now owns 936 shares of the company’s stock worth $280,000 after purchasing an additional 33 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Zscaler by 0.7% during the 3rd quarter. Wedbush Securities Inc. now owns 5,129 shares of the company’s stock worth $1,537,000 after purchasing an additional 34 shares during the last quarter. Finally, Goldstream Capital Management Ltd lifted its stake in Zscaler by 0.3% in the 3rd quarter. Goldstream Capital Management Ltd now owns 12,450 shares of the company’s stock valued at $3,731,000 after buying an additional 34 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other 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.