KeyCorp Boosts Zscaler (NASDAQ:ZS) Price Target to $185.00

Zscaler (NASDAQ:ZS) had its target price hoisted by KeyCorp from $176.00 to $185.00 in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 23.38% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Morgan Stanley lowered their price target on shares of Zscaler from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 27th. TD Cowen reiterated a “buy” rating on shares of Zscaler in a research note on Wednesday, May 27th. Guggenheim reissued a “buy” rating and issued a $214.00 price objective on shares of Zscaler in a report on Wednesday, June 10th. Sanford C. Bernstein decreased their price objective on Zscaler from $228.00 to $224.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Finally, Citigroup restated a “market outperform” rating on shares of Zscaler in a research note on Wednesday, May 27th. Thirty-four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $214.21.

Zscaler Stock Performance

ZS opened at $149.94 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. Zscaler has a 12-month low of $114.63 and a 12-month high of $336.99. The firm has a 50 day moving average of $143.85 and a two-hundred day moving average of $159.67. The firm has a market capitalization of $24.25 billion, a PE ratio of -312.37, a P/E/G ratio of 83.91 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, May 26th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.01 by $0.07. The business had revenue of $850.48 million for the quarter, compared to the consensus estimate of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. On average, analysts anticipate that Zscaler will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other news, insider Adam Geller sold 2,817 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $122.60, for a total transaction of $345,364.20. Following the transaction, the insider owned 42,314 shares in the company, valued at $5,187,696.40. This trade represents a 6.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rubin sold 3,000 shares of Zscaler stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $124.22, for a total transaction of $372,660.00. Following the completion of the sale, the chief financial officer directly owned 41,901 shares in the company, valued at $5,204,942.22. This represents a 6.68% 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. In the last 90 days, insiders sold 15,766 shares of company stock valued at $1,978,587. Corporate insiders own 17.20% of the company’s stock.

Institutional Trading of Zscaler

Several institutional investors have recently modified their holdings of ZS. Binnacle Investments Inc purchased a new position in Zscaler in the 3rd quarter valued at about $25,000. AlphaCentric Advisors LLC purchased a new stake in Zscaler during the 4th quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Zscaler during the 4th quarter worth approximately $30,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Zscaler during the fourth quarter valued at approximately $32,000. Finally, Western Wealth Management LLC acquired a new position in shares of Zscaler during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

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.