Zscaler (NASDAQ:ZS) Stock Price Target Raised at Mizuho

Zscaler (NASDAQ:ZS) had its target price hoisted by Mizuho from $210.00 to $220.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target points to a potential upside of 2.50% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. Morgan Stanley lifted their price objective on Zscaler from $145.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, September 4th. BTIG Research reiterated a “neutral” rating on shares of Zscaler in a research report on Friday, September 4th. Guggenheim restated a “buy” rating on shares of Zscaler in a research report on Friday. Stephens set a $215.00 target price on shares of Zscaler in a research note on Friday, September 4th. Finally, Zacks Research lowered Zscaler from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 3rd. Thirty-four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.62.

Zscaler Trading Up 0.1%

NASDAQ:ZS opened at $214.64 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $35.00 billion, a price-to-earnings ratio of -550.36, a price-to-earnings-growth ratio of 23.95 and a beta of 0.95. Zscaler has a one year low of $114.63 and a one year high of $336.99. The business has a fifty day moving average price of $173.38 and a 200-day moving average price of $153.31.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%.The company had revenue of $898.19 million for the quarter, compared to the consensus estimate of $876.96 million. During the same period in the previous year, the business earned $0.89 earnings per share. Zscaler’s quarterly revenue was up 24.9% compared to the same quarter last year. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Sell-side analysts forecast that Zscaler will post 0.64 EPS for the current year.

Insider Activity

In related news, Director James Beer sold 177 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $192.01, for a total value of $33,985.77. Following the sale, the director owned 4,030 shares in the company, valued at approximately $773,800.30. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 5,578 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total transaction of $1,075,215.28. Following the transaction, the insider owned 43,553 shares of the company’s stock, valued at $8,395,276.28. This trade represents a 11.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 28,656 shares of company stock worth $5,526,076. 17.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zscaler

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its holdings in shares of Zscaler by 18.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 417 shares of the company’s stock worth $59,000 after purchasing an additional 66 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Zscaler by 2.7% during the first quarter. Koshinski Asset Management Inc. now owns 3,036 shares of the company’s stock valued at $426,000 after buying an additional 79 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Zscaler by 2.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,106 shares of the company’s stock valued at $908,000 after buying an additional 80 shares during the last quarter. Parallel Advisors LLC increased its holdings in Zscaler by 12.3% in the 1st quarter. Parallel Advisors LLC now owns 793 shares of the company’s stock worth $111,000 after buying an additional 87 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in Zscaler by 1.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 8,707 shares of the company’s stock worth $1,222,000 after buying an additional 92 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Company Profile

Zscaler, Inc is a cloud-native cybersecurity company that provides security services designed to help organizations connect users, devices, applications and workloads securely over the internet. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which secures access to internet and software-as-a-service applications, and Zscaler Private Access, which provides secure, policy-based access to private applications without requiring conventional virtual private networks.