Zscaler (NASDAQ:ZS) Coverage Initiated at Macquarie

Stock analysts at Macquarie began coverage on shares of Zscaler (NASDAQ:ZS) in a research report issued on Friday,Benzinga reports. The brokerage set an “outperform” rating and a $390.00 price target on the stock. Macquarie’s price objective suggests a potential upside of 17.77% from the company’s current price.

Several other brokerages have also recently issued reports on ZS. Rosenblatt Securities boosted their price objective on Zscaler from $315.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Guggenheim reissued a “neutral” rating on shares of Zscaler in a report on Wednesday, September 3rd. Stifel Nicolaus boosted their price objective on Zscaler from $295.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. UBS Group decreased their price objective on Zscaler from $365.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, September 3rd. Finally, B. Riley started coverage on Zscaler in a report on Tuesday, August 26th. They issued a “neutral” rating and a $275.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.14.

Zscaler Stock Performance

Shares of ZS opened at $331.14 on Friday. The stock has a 50-day moving average of $295.75 and a two-hundred day moving average of $280.35. Zscaler has a one year low of $164.78 and a one year high of $333.27. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market cap of $52.42 billion, a P/E ratio of -1,226.44 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last issued its quarterly 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. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.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 previous year, the firm posted $0.88 EPS. The firm’s 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 EPS for the current year.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 7,006 shares of Zscaler stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total value of $2,140,823.42. Following the completion of the transaction, the insider owned 76,132 shares in the company, valued at $23,263,655.24. The trade was a 8.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $804,205.50. Following the completion of the transaction, the chief executive officer owned 350,700 shares of the company’s stock, valued at approximately $98,441,490. This represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,084 shares of company stock worth $12,446,825 in the last 90 days. 18.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zscaler

Several large investors have recently bought and sold shares of the company. Cox Capital Mgt LLC raised its stake in shares of Zscaler by 0.6% in the 3rd quarter. Cox Capital Mgt LLC now owns 5,576 shares of the company’s stock valued at $1,671,000 after purchasing an additional 33 shares in the last quarter. Brookstone Capital Management raised its stake in shares of Zscaler by 3.7% in the 3rd quarter. Brookstone Capital Management now owns 936 shares of the company’s stock valued at $280,000 after purchasing an additional 33 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in shares of Zscaler by 0.5% in the 3rd quarter. 180 Wealth Advisors LLC now owns 7,897 shares of the company’s stock valued at $2,366,000 after purchasing an additional 36 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Zscaler by 2.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,603 shares of the company’s stock valued at $480,000 after purchasing an additional 36 shares in the last quarter. Finally, Parcion Private Wealth LLC raised its stake in shares of Zscaler by 3.3% in the 2nd quarter. Parcion Private Wealth LLC now owns 1,200 shares of the company’s stock valued at $377,000 after purchasing an additional 38 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

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.