Piper Sandler Forecasts Strong Price Appreciation for Zscaler (NASDAQ:ZS) Stock

Zscaler (NASDAQ:ZS) had its price objective upped by investment analysts at Piper Sandler from $260.00 to $280.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 4.38% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. B. Riley began coverage on shares of Zscaler in a research note on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price objective for the company. Oppenheimer upped their price objective on shares of Zscaler from $290.00 to $345.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. KeyCorp increased their price target on shares of Zscaler from $290.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Rosenblatt Securities increased their price target on shares of Zscaler from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Stephens reissued an “overweight” rating and set a $255.00 price target on shares of Zscaler in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $307.00.

Zscaler Stock Performance

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

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.49%. The company had revenue of $719.23 million during the quarter, compared to analysts’ expectations of $707.15 million. During the same quarter in the prior year, the company earned $0.88 EPS. The firm’s revenue was up 21.3% on a year-over-year basis. 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 forecast that Zscaler will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Zscaler

In other news, EVP Raj Judge sold 2,957 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $898,040.90. Following the completion of the sale, the executive vice president directly owned 76,289 shares of the company’s stock, valued at approximately $23,168,969.30. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Syam Nair sold 4,064 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $1,234,236.80. Following the completion of the sale, the insider directly owned 106,659 shares of the company’s stock, valued at approximately $32,392,338.30. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,305 shares of company stock worth $43,199,936. 18.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC bought a new stake in Zscaler during the 4th quarter valued at about $226,000. Mercer Global Advisors Inc. ADV increased its stake in Zscaler by 141.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,205 shares of the company’s stock valued at $759,000 after purchasing an additional 2,467 shares in the last quarter. Baird Financial Group Inc. increased its stake in Zscaler by 30.1% during the 4th quarter. Baird Financial Group Inc. now owns 31,260 shares of the company’s stock valued at $5,640,000 after purchasing an additional 7,237 shares in the last quarter. Captrust Financial Advisors increased its stake in Zscaler by 65.6% during the 4th quarter. Captrust Financial Advisors now owns 8,320 shares of the company’s stock valued at $1,501,000 after purchasing an additional 3,296 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in Zscaler during the 4th quarter valued at about $2,397,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

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.