Zscaler (NASDAQ:ZS) Now Covered by Analysts at Berenberg Bank

Berenberg Bank initiated coverage on shares of Zscaler (NASDAQ:ZS) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $400.00 price target on the stock.

ZS has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on shares of Zscaler from $295.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Wedbush lifted their target price on shares of Zscaler from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, November 10th. JMP Securities reissued a “market outperform” rating and issued a $355.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. KeyCorp raised their price target on Zscaler from $345.00 to $350.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zscaler in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $316.65.

Zscaler Stock Performance

Zscaler stock opened at $293.11 on Tuesday. The firm has a 50 day simple moving average of $305.81 and a 200-day simple moving average of $289.72. The stock has a market cap of $46.40 billion, a price-to-earnings ratio of -1,085.59 and a beta of 1.06. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler has a 1-year low of $164.78 and a 1-year high of $336.99.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, analysts expect that Zscaler will post -0.1 EPS for the current year.

Insider Buying and Selling

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the sale, the executive vice president owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the transaction, the chief executive officer directly owned 350,700 shares of the company’s stock, valued at approximately $98,441,490. This represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Zscaler by 4.4% in the 1st quarter. Victory Capital Management Inc. now owns 115,177 shares of the company’s stock valued at $22,853,000 after purchasing an additional 4,888 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Zscaler by 19.9% during the first quarter. Kingsview Wealth Management LLC now owns 3,009 shares of the company’s stock worth $597,000 after purchasing an additional 500 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Zscaler by 41.5% in the first quarter. Kestra Private Wealth Services LLC now owns 8,461 shares of the company’s stock valued at $1,679,000 after buying an additional 2,481 shares during the last quarter. Choreo LLC increased its holdings in Zscaler by 2.7% in the first quarter. Choreo LLC now owns 2,909 shares of the company’s stock valued at $577,000 after buying an additional 76 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in Zscaler by 522.9% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 28,888 shares of the company’s stock valued at $6,095,000 after buying an additional 24,250 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

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.