Evercore ISI Increases Zscaler (NASDAQ:ZS) Price Target to $320.00

Zscaler (NASDAQ:ZS) had its price objective increased by Evercore ISI from $290.00 to $320.00 in a research report sent to investors on Wednesday, MarketBeat Ratings reports. Evercore ISI currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $280.00 to $320.00 in a research note on Tuesday. Robert W. Baird lifted their price target on shares of Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group decreased their price target on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday. Mizuho lifted their price target on shares of Zscaler from $275.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $340.00 target price on shares of Zscaler in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $307.00.

Zscaler Stock Up 2.2%

Shares of NASDAQ ZS opened at $274.20 on Wednesday. Zscaler has a twelve month low of $153.45 and a twelve month high of $318.46. The firm has a fifty day simple moving average of $285.29 and a 200 day simple moving average of $250.88. The company has a market capitalization of $42.69 billion, a PE ratio of -1,015.56, a P/E/G ratio of 221.54 and a beta of 1.05.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.49%. The firm had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The business’s 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. As a group, equities analysts expect that Zscaler will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Zscaler

In related news, major shareholder Ajay Mangal sold 120,000 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $300.89, for a total transaction of $36,106,800.00. Following the transaction, the insider directly owned 2,550,210 shares in the company, valued at approximately $767,332,686.90. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raj Judge sold 2,957 shares of the business’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $898,040.90. Following the transaction, the executive vice president owned 76,289 shares in the company, valued at approximately $23,168,969.30. This trade represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,305 shares of company stock valued at $43,199,936 in the last quarter. 18.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Zscaler by 8.3% during the second quarter. Vanguard Group Inc. now owns 10,715,132 shares of the company’s stock worth $3,363,909,000 after purchasing an additional 824,626 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Zscaler by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,048,238 shares of the company’s stock valued at $604,831,000 after acquiring an additional 578,883 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in Zscaler in the first quarter valued at about $516,622,000. Geode Capital Management LLC boosted its stake in Zscaler by 6.0% in the second quarter. Geode Capital Management LLC now owns 1,866,329 shares of the company’s stock valued at $584,160,000 after acquiring an additional 105,318 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Zscaler by 0.7% in the second quarter. AQR Capital Management LLC now owns 1,199,815 shares of the company’s stock valued at $371,823,000 after acquiring an additional 7,885 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other 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.