Bank of America Cuts Zscaler (NASDAQ:ZS) Price Target to $335.00

Zscaler (NASDAQ:ZS) had its price target trimmed by Bank of America from $355.00 to $335.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also weighed in on ZS. Scotiabank cut their price objective on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating for the company in a report on Wednesday, September 3rd. Macquarie initiated coverage on shares of Zscaler in a research report on Friday, October 31st. They issued an “outperform” rating and a $390.00 price target on the stock. Evercore ISI upped their price target on shares of Zscaler from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. Stifel Nicolaus reduced their price objective on shares of Zscaler from $330.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Mizuho lifted their price objective on shares of Zscaler from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $316.56.

Zscaler Trading Down 0.3%

Zscaler stock opened at $251.28 on Wednesday. Zscaler has a 12-month low of $164.78 and a 12-month high of $336.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.82 and a quick ratio of 2.01. The stock has a market capitalization of $40.07 billion, a PE ratio of -966.42 and a beta of 1.06. The firm has a 50 day simple moving average of $303.63 and a 200-day simple moving average of $291.00.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. The firm had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. Zscaler had a negative return on equity of 0.12% and a negative net margin of 1.45%.The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. 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, equities research analysts expect that Zscaler will post -0.1 EPS for the current fiscal year.

Insider Activity

In other Zscaler news, insider Adam Geller sold 10,464 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total value of $2,974,392.00. Following the completion of the transaction, the insider directly owned 43,478 shares in the company, valued at $12,358,621.50. This trade represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Schlossman sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $325.00, for a total transaction of $1,040,000.00. Following the sale, the insider owned 80,086 shares in the company, valued at $26,027,950. This represents a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,084 shares of company stock valued at $12,446,825 over the last ninety days. Corporate insiders own 18.10% of the company’s stock.

Institutional Trading of Zscaler

Several large investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC purchased a new position in shares of Zscaler during the first quarter valued at $377,000. Avantax Advisory Services Inc. lifted its stake in Zscaler by 44.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,236 shares of the company’s stock worth $1,039,000 after acquiring an additional 1,602 shares in the last quarter. Mackenzie Financial Corp boosted its position in Zscaler by 17.9% during the 1st quarter. Mackenzie Financial Corp now owns 6,326 shares of the company’s stock worth $1,255,000 after acquiring an additional 960 shares during the period. Foundations Investment Advisors LLC grew its stake in Zscaler by 5.0% during the 1st quarter. Foundations Investment Advisors LLC now owns 6,587 shares of the company’s stock valued at $1,307,000 after acquiring an additional 311 shares in the last quarter. Finally, Meeder Advisory Services Inc. purchased a new position in Zscaler during the 1st quarter valued at about $295,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Company Profile

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.