Needham & Company LLC Cuts Zscaler (NASDAQ:ZS) Price Target to $310.00

Zscaler (NASDAQ:ZS) had its target price lowered by Needham & Company LLC from $350.00 to $310.00 in a report released on Wednesday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

ZS has been the topic of several other reports. B. Riley started coverage on Zscaler in a report on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 target price on the stock. Canaccord Genuity Group lifted their price objective on Zscaler from $320.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, September 4th. Bank of America reduced their price objective on Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets increased their target price on Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Finally, Evercore ISI lifted their price target on Zscaler from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $316.56.

Zscaler Stock Down 0.3%

Shares of NASDAQ ZS opened at $251.28 on Wednesday. Zscaler has a 52-week low of $164.78 and a 52-week high of $336.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.01 and a current ratio of 1.82. The business has a fifty day moving average of $303.63 and a two-hundred day moving average of $291.00. The stock has a market cap of $40.07 billion, a PE ratio of -966.42 and a beta of 1.06.

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

Insider Transactions at Zscaler

In other news, insider Adam Geller sold 11,193 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $3,141,875.10. Following the transaction, the insider owned 53,942 shares of the company’s stock, valued at approximately $15,141,519.40. This trade represents a 17.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the transaction, the insider directly owned 76,132 shares in the company, valued at $23,263,655.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 43,084 shares of company stock worth $12,446,825. 18.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Zscaler

Several large investors have recently bought and sold shares of the business. Binnacle Investments Inc acquired a new stake in Zscaler during the 3rd quarter worth $25,000. SVB Wealth LLC bought a new position in shares of Zscaler in the 1st quarter worth $26,000. Tradewinds Capital Management LLC increased its holdings in Zscaler by 145.7% in the third quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Root Financial Partners LLC acquired a new position in Zscaler in the third quarter valued at about $26,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Zscaler in the first quarter valued at about $29,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

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.