Royal Bank Of Canada Raises Zscaler (NASDAQ:ZS) Price Target to $335.00

Zscaler (NASDAQ:ZS) had its target price raised by equities research analysts at Royal Bank Of Canada from $315.00 to $335.00 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 24.88% from the stock’s previous close.

Several other equities research analysts have also recently commented on ZS. Bank of America upped their price target on Zscaler from $285.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Mizuho upped their price target on Zscaler from $275.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Oppenheimer upped their price target on Zscaler from $290.00 to $345.00 and gave the stock an “outperform” rating in a research note on Friday, June 6th. Susquehanna upped their price target on Zscaler from $320.00 to $340.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 price objective on shares of Zscaler in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $307.00.

Zscaler Trading Down 0.9%

Shares of NASDAQ ZS opened at $268.25 on Wednesday. Zscaler has a twelve month low of $153.45 and a twelve month high of $318.46. The stock has a 50 day moving average of $286.12 and a two-hundred day moving average of $250.49. The stock has a market cap of $41.77 billion, a P/E ratio of -993.52, a P/E/G ratio of 250.14 and a beta of 1.05.

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

Insider Buying and Selling

In other Zscaler news, insider Adam Geller sold 3,662 shares of the company’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $306.72, for a total value of $1,123,208.64. Following the sale, the insider owned 46,813 shares of the company’s stock, valued at approximately $14,358,483.36. This represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schlossman sold 3,174 shares of the company’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $305.07, for a total value of $968,292.18. Following the completion of the sale, the insider directly owned 88,970 shares in the company, valued at $27,142,077.90. This trade represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,305 shares of company stock valued at $43,199,936 in the last three months. 18.10% of the stock is owned by insiders.

Institutional Trading of Zscaler

Several large investors have recently bought and sold shares of ZS. ORG Partners LLC grew its holdings in Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company’s stock valued at $26,000 after purchasing an additional 94 shares during the last quarter. SVB Wealth LLC acquired a new stake in Zscaler in the first quarter valued at $26,000. Colonial Trust Co SC acquired a new stake in Zscaler in the fourth quarter valued at $28,000. Goodman Advisory Group LLC acquired a new stake in shares of Zscaler during the first quarter valued at $29,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Zscaler during the first quarter valued at $29,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

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.