JMP Securities Reaffirms “Market Outperform” Rating for Zscaler (NASDAQ:ZS)

Zscaler (NASDAQ:ZS)‘s stock had its “market outperform” rating restated by JMP Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $355.00 price target on the stock. JMP Securities’ price objective suggests a potential upside of 32.34% from the company’s current price.

Several other equities research analysts have also commented on ZS. FBN Securities raised shares of Zscaler to a “strong-buy” rating in a report on Friday, May 30th. Barclays upped their target price on shares of Zscaler from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, August 25th. Wedbush increased their price objective on Zscaler from $240.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Wall Street Zen downgraded Zscaler from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Scotiabank increased their price target on Zscaler from $310.00 to $360.00 and gave the stock a “sector outperform” rating in a report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average target price of $307.00.

Zscaler Stock Down 0.9%

ZS stock opened at $268.25 on Wednesday. The firm has a 50 day moving average of $286.12 and a 200 day moving average of $250.49. The stock has a market capitalization of $41.77 billion, a PE ratio of -993.52, a price-to-earnings-growth ratio of 250.14 and a beta of 1.05. Zscaler has a 52 week low of $153.45 and a 52 week high of $318.46.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The company had revenue of $719.23 million during the quarter, compared to analysts’ expectations of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.49%. Zscaler’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, equities research analysts expect that Zscaler will post -0.1 earnings per share for the current year.

Insider Activity

In other news, EVP Raj Judge sold 2,957 shares of Zscaler stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $898,040.90. Following the transaction, the executive vice president directly owned 76,289 shares of the company’s stock, valued at $23,168,969.30. The trade was a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,849 shares of Zscaler stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $865,241.30. Following the completion of the transaction, the chief executive officer directly owned 353,565 shares in the company, valued at $107,377,690.50. This represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,305 shares of company stock worth $43,199,936 in the last quarter. Corporate insiders own 18.10% of the company’s stock.

Hedge Funds Weigh In On Zscaler

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in Zscaler by 43.1% during the 1st quarter. GAMMA Investing LLC now owns 641 shares of the company’s stock worth $127,000 after purchasing an additional 193 shares during the last quarter. Allworth Financial LP boosted its position in Zscaler by 47.4% during the 1st quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock worth $211,000 after acquiring an additional 322 shares during the period. Krane Funds Advisors LLC boosted its position in Zscaler by 36.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,667 shares of the company’s stock worth $331,000 after acquiring an additional 445 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Zscaler by 42.0% in the first quarter. Merit Financial Group LLC now owns 6,197 shares of the company’s stock valued at $1,230,000 after buying an additional 1,832 shares during the period. Finally, National Pension Service raised its position in shares of Zscaler by 11.2% during the first quarter. National Pension Service now owns 171,847 shares of the company’s stock worth $34,098,000 after purchasing an additional 17,342 shares during the period. 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.