Zscaler (NASDAQ:ZS) Earns Market Outperform Rating from Citizens Jmp

Zscaler (NASDAQ:ZS)‘s stock had its “market outperform” rating restated by research analysts at Citizens Jmp in a research report issued on Wednesday,Benzinga reports. They currently have a $355.00 price objective on the stock. Citizens Jmp’s price objective indicates a potential upside of 40.89% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. Wedbush increased their price target on shares of Zscaler from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Stifel Nicolaus decreased their target price on Zscaler from $330.00 to $320.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Research upgraded Zscaler from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 2nd. Berenberg Bank began coverage on Zscaler in a research note on Tuesday, November 18th. They issued a “buy” rating and a $400.00 price target on the stock. Finally, Piper Sandler increased their price objective on Zscaler from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.82.

Zscaler Price Performance

ZS opened at $251.97 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.01 and a current ratio of 1.82. The stock has a market capitalization of $40.18 billion, a PE ratio of -969.08 and a beta of 1.06. The stock’s 50 day moving average price is $304.49 and its 200-day moving average price is $290.94. Zscaler has a 52-week low of $164.78 and a 52-week high of $336.99.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share for the quarter, beating 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 business had revenue of $788.11 million for the quarter, compared to analysts’ expectations of $773.86 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. The firm’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. On average, equities research analysts predict that Zscaler will post -0.1 EPS for the current year.

Insider Buying and Selling

In related news, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 73,832 shares in the company, valued at $20,724,642.40. The trade was a 5.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Schlossman sold 7,006 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 43,084 shares of company stock worth $12,446,825 in the last 90 days. 18.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Zscaler

Hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in Zscaler by 3.2% in the 3rd quarter. Bessemer Group Inc. now owns 1,021 shares of the company’s stock valued at $306,000 after acquiring an additional 32 shares in the last quarter. Cox Capital Mgt LLC increased its holdings 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 worth $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 third quarter. Brookstone Capital Management now owns 936 shares of the company’s stock worth $280,000 after purchasing an additional 33 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Zscaler by 0.7% during the third quarter. Wedbush Securities Inc. now owns 5,129 shares of the company’s stock valued at $1,537,000 after purchasing an additional 34 shares in the last quarter. Finally, Goldstream Capital Management Ltd lifted its holdings in shares of Zscaler by 0.3% during the third quarter. Goldstream Capital Management Ltd now owns 12,450 shares of the company’s stock valued at $3,731,000 after purchasing an additional 34 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.