JPMorgan Chase & Co. Increases Zscaler (NASDAQ:ZS) Price Target to $354.00

Zscaler (NASDAQ:ZS) had its price target upped by JPMorgan Chase & Co. from $351.00 to $354.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 40.49% from the company’s current price.

ZS has been the topic of several other reports. Barclays increased their target price on shares of Zscaler from $320.00 to $350.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 12th. Needham & Company LLC lowered their price objective on Zscaler from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Wednesday. Citizens Jmp reissued a “market outperform” rating and issued a $355.00 price objective on shares of Zscaler in a research note on Wednesday. Robert W. Baird boosted their target price on Zscaler from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Sanford C. Bernstein upped their target price on Zscaler from $251.00 to $264.00 and gave the stock an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $316.82.

Zscaler Price Performance

Shares of ZS opened at $251.97 on Wednesday. The firm has a market cap of $40.18 billion, a PE ratio of -969.08 and a beta of 1.06. The firm’s 50 day moving average price is $304.49 and its 200 day moving average price is $290.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.01 and a current ratio of 1.82. Zscaler has a twelve month low of $164.78 and a twelve month high of $336.99.

Zscaler (NASDAQ:ZS) last posted its earnings results on Tuesday, November 25th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.85 by $0.11. Zscaler had a negative net margin of 1.45% and a negative return on equity of 0.12%. The company had revenue of $788.11 million during the quarter, compared to the consensus estimate of $773.86 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS. Q2 2026 guidance at 0.890-0.900 EPS. As a group, research analysts expect that Zscaler will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were 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 in the company, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the transaction, the insider directly owned 76,132 shares in the company, valued at $23,263,655.24. This trade represents a 8.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 43,084 shares of company stock valued at $12,446,825. Corporate insiders own 18.10% of the company’s stock.

Institutional Trading of Zscaler

Several hedge funds and other institutional investors have recently bought and sold shares of ZS. Binnacle Investments Inc bought a new stake in shares of Zscaler in the third quarter valued at about $25,000. SVB Wealth LLC bought a new position in Zscaler during the first quarter valued at about $26,000. Tradewinds Capital Management LLC raised its holdings in Zscaler by 145.7% in the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Root Financial Partners LLC acquired a new position in Zscaler in the 3rd quarter valued at approximately $26,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Zscaler in the 1st quarter worth approximately $29,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

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.