Zscaler, Inc. (NASDAQ:ZS) Stock Has Consensus Target Price of $240.14 According to Brokerages

Zscaler, Inc. (NASDAQ:ZS) has earned an average rating of “Moderate Buy” from the forty-five analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and thirty-six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $236.65.

Several brokerages have recently commented on ZS. Sanford C. Bernstein increased their price objective on Zscaler from $224.00 to $298.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. Mizuho set a $235.00 target price on Zscaler in a research note on Wednesday, October 7th. KeyCorp increased their price objective on Zscaler from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Freedom Broker lifted their price target on shares of Zscaler from $230.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Finally, Wedbush upped their target price on shares of Zscaler from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 5,394 shares of Zscaler stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $200.00, for a total transaction of $1,078,800.00. Following the transaction, the insider owned 61,525 shares of the company’s stock, valued at $12,305,000. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Adam Geller sold 1,042 shares of Zscaler stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $235.95, for a total value of $245,859.90. Following the completion of the sale, the insider owned 38,308 shares of the company’s stock, valued at $9,038,772.60. This trade represents a 2.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 54,064 shares of company stock worth $11,316,078 in the last three months. Insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Zscaler in the 2nd quarter valued at about $1,396,028,000. First Trust Advisors LP raised its holdings in Zscaler by 36.2% during the 1st quarter. First Trust Advisors LP now owns 3,518,678 shares of the company’s stock worth $493,635,000 after purchasing an additional 935,781 shares during the last quarter. Amundi increased its holdings in shares of Zscaler by 12.8% during the second quarter. Amundi now owns 1,137,837 shares of the company’s stock valued at $160,606,000 after acquiring an additional 129,563 shares in the last quarter. Wellington Management Group LLP increased its stake in Zscaler by 23.5% in the 2nd quarter. Wellington Management Group LLP now owns 1,103,212 shares of the company’s stock valued at $155,718,000 after buying an additional 209,711 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Zscaler by 44.3% during the first quarter. Bank of America Corp DE now owns 779,245 shares of the company’s stock worth $109,320,000 after purchasing an additional 239,326 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Stock Performance

ZS stock opened at $237.83 on Friday. The business has a fifty day moving average price of $204.19 and a 200 day moving average price of $167.61. Zscaler has a fifty-two week low of $114.63 and a fifty-two week high of $336.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $38.78 billion, a price-to-earnings ratio of -609.82, a P/E/G ratio of 22.61 and a beta of 0.94.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.10. Zscaler had a positive return on equity of 1.23% and a negative net margin of 1.88%. The business had revenue of $898.19 million for the quarter, compared to analyst estimates of $876.96 million. During the same period last year, the company earned $0.89 EPS. The firm’s revenue was up 24.9% on a year-over-year basis. Zscaler has set its FY 2027 guidance at 4.860-4.900 EPS and its Q1 2027 guidance at 1.150-1.160 EPS. Analysts expect that Zscaler will post 0.70 EPS for the current fiscal year.

Zscaler Company Profile

Zscaler, Inc is a cloud-based cybersecurity company that helps organizations secure access to applications, websites, data and other digital resources. Its platform is designed around a zero-trust security model, which verifies users and devices and enforces security policies before granting access, rather than relying primarily on a traditional corporate network perimeter.

The company’s offerings include Zscaler Internet Access, which provides secure access to internet and software-as-a-service applications, and Zscaler Private Access, which enables secure access to private applications without extending an organization’s network to users.