Zscaler’s (ZS) “Market Outperform” Rating Reiterated at Citizens Jmp

Citizens Jmp reaffirmed their market outperform rating on shares of Zscaler (NASDAQ:ZS) in a research report report published on Wednesday,Benzinga reports. They currently have a $355.00 price objective on the stock.

Several other equities research analysts have also commented on the stock. Berenberg Bank assumed coverage on shares of Zscaler in a research report on Tuesday, November 18th. They set a “buy” rating and a $400.00 price target for the company. Evercore ISI raised their price objective on shares of Zscaler from $290.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Susquehanna upped their target price on shares of Zscaler from $320.00 to $340.00 and gave the company a “positive” rating in a report on Wednesday, September 3rd. Bank of America decreased their price target on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Capital One Financial set a $320.00 price target on shares of Zscaler and gave the stock an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $316.56.

Zscaler Price Performance

NASDAQ ZS opened at $251.28 on Wednesday. The stock has a market capitalization of $40.07 billion, a price-to-earnings ratio of -966.42 and a beta of 1.06. Zscaler has a 1-year low of $164.78 and a 1-year 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 business’s fifty day moving average price is $303.63 and its 200-day moving average price is $291.00.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, November 25th. The company reported $0.96 EPS for the quarter, topping the consensus estimate 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 company had revenue of $788.11 million during the quarter, compared to analyst estimates of $773.86 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. Zscaler’s 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. On average, equities analysts predict that Zscaler will post -0.1 earnings per share for the current year.

Insider Activity

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the completion of the sale, the chief executive officer owned 350,700 shares in the company, valued at approximately $98,441,490. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Raj Judge sold 4,524 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 $1,269,886.80. Following the sale, the executive vice president directly owned 73,832 shares in the company, valued at approximately $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zscaler

A number of hedge funds have recently made changes to their positions in ZS. Binnacle Investments Inc bought a new stake in Zscaler during the 3rd quarter valued at approximately $25,000. SVB Wealth LLC bought a new position in Zscaler in the 1st quarter worth approximately $26,000. Tradewinds Capital Management LLC grew its holdings in Zscaler by 145.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after buying an additional 51 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Zscaler during the 3rd quarter valued at approximately $26,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Zscaler during the first quarter valued at approximately $29,000. Institutional investors own 46.45% of the company’s stock.

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.