Scotiabank Cuts Zscaler (NASDAQ:ZS) Price Target to $334.00

Zscaler (NASDAQ:ZS) had its target price cut by Scotiabank from $360.00 to $334.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a sector outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. KeyCorp upped their price target on shares of Zscaler from $345.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday. Loop Capital upped their price target on shares of Zscaler from $250.00 to $260.00 and gave the company a “hold” rating in a report on Friday, May 30th. BTIG Research reiterated a “buy” rating on shares of Zscaler in a report on Thursday, July 10th. Morgan Stanley upgraded shares of Zscaler from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $280.00 to $320.00 in a report on Tuesday. Finally, Oppenheimer upped their price target on shares of Zscaler from $290.00 to $345.00 and gave the company an “outperform” rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $307.00.

Zscaler Stock Up 2.2%

Zscaler stock opened at $274.20 on Wednesday. The company has a market cap of $42.69 billion, a PE ratio of -1,015.56, a price-to-earnings-growth ratio of 221.54 and a beta of 1.05. Zscaler has a twelve month low of $153.45 and a twelve month high of $318.46. The company’s 50-day moving average price is $285.29 and its 200-day moving average price is $250.88.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.49%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. As a group, sell-side analysts expect that Zscaler will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,849 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $865,241.30. Following the completion of the sale, the chief executive officer owned 353,565 shares of the company’s stock, valued at approximately $107,377,690.50. This represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raj Judge sold 2,957 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $898,040.90. Following the completion of the sale, the executive vice president directly owned 76,289 shares of the company’s stock, valued at $23,168,969.30. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,305 shares of company stock worth $43,199,936. Insiders own 18.10% of the company’s stock.

Institutional Investors Weigh In On Zscaler

Several hedge funds have recently modified their holdings of the business. China Universal Asset Management Co. Ltd. lifted its position in shares of Zscaler by 46.0% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 5,535 shares of the company’s stock worth $1,738,000 after purchasing an additional 1,745 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Zscaler by 41.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 4,374 shares of the company’s stock worth $1,373,000 after purchasing an additional 1,292 shares during the period. Munro Partners purchased a new stake in shares of Zscaler in the 2nd quarter worth approximately $3,221,000. Thrivent Financial for Lutherans purchased a new stake in shares of Zscaler in the 2nd quarter worth approximately $232,000. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Zscaler in the 2nd quarter worth approximately $1,793,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

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.