Zscaler (NASDAQ:ZS) Price Target Raised to $366.00 at Royal Bank Of Canada

Zscaler (NASDAQ:ZS) had its price target raised by Royal Bank Of Canada from $350.00 to $366.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 12.31% from the company’s current price.

Several other research firms have also recently commented on ZS. Wedbush increased their price objective on Zscaler from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Zscaler in a research report on Wednesday, October 8th. Zacks Research raised Zscaler from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Stifel Nicolaus lifted their price objective on Zscaler from $295.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, Piper Sandler boosted their price objective on shares of Zscaler from $260.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $311.14.

Zscaler Stock Down 1.6%

Shares of ZS traded down $5.40 during mid-day trading on Wednesday, reaching $325.89. The company had a trading volume of 26,115 shares, compared to its average volume of 1,975,942. 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 company has a market capitalization of $51.59 billion, a price-to-earnings ratio of -1,205.55 and a beta of 1.06. The firm has a 50-day moving average price of $303.09 and a 200 day moving average price of $287.00. Zscaler has a 52 week low of $164.78 and a 52 week high of $336.99.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating 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 business 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 business earned $0.88 earnings per share. The firm’s quarterly 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. On average, sell-side analysts forecast that Zscaler will post -0.1 EPS for the current year.

Insiders Place Their Bets

In related news, insider Adam Geller sold 10,464 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the completion of the transaction, the insider owned 43,478 shares in the company, valued at approximately $12,358,621.50. This represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the sale, the chief executive officer owned 350,700 shares in the company, valued at approximately $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 43,084 shares of company stock worth $12,446,825. Company insiders own 18.10% of the company’s stock.

Hedge Funds Weigh In On Zscaler

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZS. Allworth Financial LP increased its position in Zscaler by 47.4% in the first quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock worth $211,000 after purchasing an additional 322 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Zscaler by 0.3% in the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company’s stock valued at $4,549,000 after purchasing an additional 68 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Zscaler by 4.7% during the 1st quarter. Ballentine Partners LLC now owns 2,066 shares of the company’s stock valued at $410,000 after purchasing an additional 92 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Zscaler by 1.8% during the 1st quarter. New York State Common Retirement Fund now owns 50,774 shares of the company’s stock valued at $10,075,000 after buying an additional 900 shares during the period. Finally, CWM LLC lifted its position in Zscaler by 19.8% in the first quarter. CWM LLC now owns 22,274 shares of the company’s stock worth $4,420,000 after buying an additional 3,679 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Zscaler Company Profile

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.