Zscaler’s (ZS) “Outperform” Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Zscaler (NASDAQ:ZS) in a research note released on Monday,Benzinga reports. Wedbush currently has a $215.00 price target on the stock.

A number of other analysts also recently commented on the company. Stephens set a $215.00 price target on Zscaler in a research report on Friday, September 4th. Stifel Nicolaus boosted their price objective on Zscaler from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $225.00 price objective on shares of Zscaler in a research note on Friday, September 4th. Wolfe Research reaffirmed an “outperform” rating and set a $150.00 target price on shares of Zscaler in a research report on Thursday, June 11th. Finally, Weiss Ratings raised Zscaler from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 24th. Thirty-four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $219.78.

Zscaler Stock Up 0.5%

Zscaler stock opened at $199.42 on Monday. 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 quick ratio of 1.70 and a current ratio of 1.70. The firm’s 50-day simple moving average is $177.37 and its 200 day simple moving average is $154.48. The stock has a market cap of $32.52 billion, a PE ratio of -511.33, a price-to-earnings-growth ratio of 20.67 and a beta of 0.95.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.09 by $0.10. Zscaler had a negative net margin of 1.88% and a positive return on equity of 1.23%. The firm had revenue of $898.19 million during the quarter, compared to analyst estimates of $876.96 million. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue for the quarter 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. Research analysts predict that Zscaler will post 0.7 EPS for the current fiscal year.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Chaudhry sold 2,852 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $192.76, for a total value of $549,751.52. Following the sale, the chief executive officer directly owned 340,186 shares in the company, valued at $65,574,253.36. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Schlossman sold 5,394 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $200.00, for a total value of $1,078,800.00. Following the transaction, the insider directly owned 61,525 shares in the company, valued at $12,305,000. This represents a 8.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 29,175 shares of company stock valued at $5,628,465 in the last three months. 17.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zscaler

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZS. BlackRock Inc. bought a new stake in shares of Zscaler in the second quarter valued at approximately $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 valued at $493,635,000 after acquiring an additional 935,781 shares during the period. Geode Capital Management LLC lifted its position in shares of Zscaler by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 2,069,630 shares of the company’s stock worth $464,783,000 after acquiring an additional 98,140 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Zscaler by 52.5% in the first quarter. Pictet Asset Management Holding SA now owns 1,920,540 shares of the company’s stock worth $269,285,000 after acquiring an additional 661,413 shares during the period. Finally, Amundi grew its position in shares of Zscaler by 12.8% in the second quarter. Amundi now owns 1,137,837 shares of the company’s stock valued at $160,606,000 after purchasing an additional 129,563 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

Zscaler Company Profile

Zscaler, Inc is a cloud-based cybersecurity company that provides security services designed to help organizations connect users, applications, devices and workloads securely. Its platform is built around a zero-trust security model, which verifies access based on identity, context and policy rather than relying primarily on traditional network perimeters.

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