Zscaler’s (ZS) Market Outperform Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Zscaler (NASDAQ:ZS) in a report published on Wednesday,Benzinga reports. The brokerage currently has a $355.00 price objective on the stock.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird raised their target price on Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp raised their target price on Zscaler from $345.00 to $350.00 and gave the company an “overweight” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $350.00 target price on shares of Zscaler in a report on Wednesday. Susquehanna raised their target price on Zscaler from $245.00 to $320.00 and gave the company a “positive” rating in a report on Friday, May 30th. Finally, Morgan Stanley raised Zscaler from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $280.00 to $320.00 in a report on Tuesday. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $307.00.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $274.20 on Wednesday. The business’s 50 day simple moving average is $285.29 and its 200 day simple moving average is $250.88. The company has a market capitalization of $42.69 billion, a P/E ratio of -1,015.56, a P/E/G ratio of 221.54 and a beta of 1.05. Zscaler has a 1 year low of $153.45 and a 1 year high of $318.46.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. The firm had revenue of $719.23 million for the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative return on equity of 0.49% and a negative net margin of 1.55%.The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the business 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. On average, sell-side analysts anticipate that Zscaler will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In related news, insider Syam Nair sold 4,064 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $1,234,236.80. Following the completion of the transaction, the insider directly owned 106,659 shares of the company’s stock, valued at $32,392,338.30. This trade represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ajay Mangal sold 120,000 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $300.89, for a total value of $36,106,800.00. Following the transaction, the insider directly owned 2,550,210 shares of the company’s stock, valued at approximately $767,332,686.90. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,305 shares of company stock worth $43,199,936 over the last 90 days. Company insiders own 18.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Zscaler by 43.1% in the 1st quarter. GAMMA Investing LLC now owns 641 shares of the company’s stock worth $127,000 after acquiring an additional 193 shares in the last quarter. Allworth Financial LP raised its position in shares of Zscaler by 47.4% in the 1st quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock worth $211,000 after acquiring an additional 322 shares in the last quarter. Krane Funds Advisors LLC raised its position in shares of Zscaler by 36.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,667 shares of the company’s stock worth $331,000 after acquiring an additional 445 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Zscaler by 42.0% in the 1st quarter. Merit Financial Group LLC now owns 6,197 shares of the company’s stock worth $1,230,000 after acquiring an additional 1,832 shares in the last quarter. Finally, National Pension Service raised its position in shares of Zscaler by 11.2% in the 1st quarter. National Pension Service now owns 171,847 shares of the company’s stock worth $34,098,000 after acquiring an additional 17,342 shares in the last quarter. 46.45% of the stock is owned by 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.