Zscaler (NASDAQ:ZS) Given “Neutral” Rating at BTIG Research

Zscaler (NASDAQ:ZS)‘s stock had its “neutral” rating reissued by equities research analysts at BTIG Research in a research report issued to clients and investors on Thursday,Benzinga reports.

ZS has been the subject of several other reports. Loop Capital set a $320.00 target price on shares of Zscaler in a research report on Thursday, December 11th. Truist Financial cut their target price on shares of Zscaler from $350.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Mizuho cut their target price on shares of Zscaler from $265.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Berenberg Bank lowered their price target on shares of Zscaler from $390.00 to $320.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Needham & Company LLC lowered their price target on shares of Zscaler from $310.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.86.

Zscaler Stock Down 3.0%

Shares of NASDAQ:ZS opened at $137.85 on Thursday. Zscaler has a 52-week low of $128.00 and a 52-week high of $336.99. The firm has a fifty day moving average of $158.85 and a 200 day moving average of $229.76. The firm has a market capitalization of $22.16 billion, a PE ratio of -328.21 and a beta of 1.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The company had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, research analysts anticipate that Zscaler will post -0.1 EPS for the current fiscal year.

Insider Activity at Zscaler

In other news, Director James A. Beer sold 177 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $153.53, for a total transaction of $27,174.81. Following the completion of the sale, the director directly owned 4,384 shares in the company, valued at approximately $673,075.52. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Raj Judge sold 2,488 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $389,595.92. Following the sale, the executive vice president owned 67,906 shares of the company’s stock, valued at approximately $10,633,400.54. This represents a 3.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,130 shares of company stock worth $1,892,487 over the last ninety days. Insiders own 17.20% of the company’s stock.

Institutional Trading of Zscaler

A number of institutional investors have recently modified their holdings of the company. Bessemer Group Inc. boosted its holdings in shares of 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 purchasing an additional 32 shares during the period. Cox Capital Mgt LLC boosted its holdings in shares of Zscaler by 0.6% during the third 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 during the period. Brookstone Capital Management boosted its holdings in shares of Zscaler by 3.7% during the third quarter. Brookstone Capital Management now owns 936 shares of the company’s stock worth $280,000 after purchasing an additional 33 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Zscaler by 0.7% during the third 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 period. Finally, Goldstream Capital Management Ltd boosted its holdings in shares of Zscaler by 0.3% during the third quarter. Goldstream Capital Management Ltd now owns 12,450 shares of the company’s stock worth $3,731,000 after purchasing an additional 34 shares during the period. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Company Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.