KeyCorp Issues Positive Forecast for Zscaler (NASDAQ:ZS) Stock Price

Zscaler (NASDAQ:ZS) had its price target boosted by KeyCorp from $176.00 to $185.00 in a research report released on Thursday, MarketBeat.com reports. KeyCorp currently has an overweight rating on the stock.

ZS has been the subject of a number of other research reports. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Zscaler in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Zscaler from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Barclays reduced their price objective on Zscaler from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. Mizuho dropped their price target on shares of Zscaler from $210.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Finally, HC Wainwright upgraded shares of Zscaler from a “buy” rating to a “buy” rating in a research note on Monday, May 18th. Thirty-four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus price target of $214.21.

Zscaler Trading Down 1.2%

Zscaler stock opened at $146.43 on Thursday. The business’s fifty day simple moving average is $143.89 and its two-hundred day simple moving average is $159.74. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $23.68 billion, a price-to-earnings ratio of -305.06, a price-to-earnings-growth ratio of 84.92 and a beta of 0.96. Zscaler has a 12 month low of $114.63 and a 12 month high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The company had revenue of $850.48 million for the quarter, compared to analysts’ expectations of $835.14 million. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. Zscaler’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, equities analysts predict that Zscaler will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Zscaler

In related news, CFO Kevin Rubin sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $124.22, for a total transaction of $372,660.00. Following the completion of the sale, the chief financial officer directly owned 41,901 shares in the company, valued at approximately $5,204,942.22. The trade was a 6.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jagtar Singh Chaudhry sold 2,878 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $126.43, for a total transaction of $363,865.54. Following the sale, the chief executive officer directly owned 343,038 shares of the company’s stock, valued at approximately $43,370,294.34. This represents a 0.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 15,766 shares of company stock worth $1,978,587. 17.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Binnacle Investments Inc purchased a new position in shares of Zscaler in the 3rd quarter worth approximately $25,000. AlphaCentric Advisors LLC purchased a new stake in shares of Zscaler in the fourth quarter worth approximately $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Zscaler during the 4th quarter worth approximately $30,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Zscaler during the 4th quarter worth approximately $32,000. Finally, Western Wealth Management LLC purchased a new position in Zscaler during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Company Profile

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.