Zscaler, Inc. (NASDAQ:ZS) Stock Has Average Price Target of $240.14

Shares of Zscaler, Inc. (NASDAQ:ZS) have received a consensus rating of “Moderate Buy” from the forty-five ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $236.65.

Several analysts have weighed in on the company. BTIG Research reiterated a “neutral” rating on shares of Zscaler in a research report on Wednesday, October 7th. Guggenheim boosted their price objective on shares of Zscaler from $214.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. BMO Capital Markets boosted their price objective on shares of Zscaler from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. TD Cowen upped their target price on shares of Zscaler from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Zscaler in a research report on Wednesday, October 7th.

Zscaler Stock Up 0.6%

ZS opened at $225.09 on Friday. The company has a market cap of $36.70 billion, a P/E ratio of -577.15, a P/E/G ratio of 21.28 and a beta of 0.82. The business’s 50-day moving average price is $206.02 and its 200-day moving average price is $167.70. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.65. Zscaler has a 12 month low of $114.63 and a 12 month high of $335.70.

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

Insider Activity

In other news, CEO Jagtar Chaudhry sold 2,852 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $192.76, for a total transaction of $549,751.52. Following the sale, the chief executive officer owned 340,186 shares of the company’s stock, valued at $65,574,253.36. This trade represents a 0.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Geller sold 23,958 shares of Zscaler stock in a transaction on Friday, October 9th. The stock was sold at an average price of $225.43, for a total value of $5,400,851.94. Following the completion of the sale, the insider directly owned 38,308 shares of the company’s stock, valued at $8,635,772.44. The trade was a 38.48% 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 have sold 55,105 shares of company stock valued at $11,563,836 in the last quarter. Insiders own 17.20% of the company’s stock.

Institutional Trading of Zscaler

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of Zscaler by 50.0% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 324 shares of the company’s stock worth $65,000 after acquiring an additional 108 shares during the last quarter. Brighton Jones LLC grew its holdings in Zscaler by 114.9% during the 3rd quarter. Brighton Jones LLC now owns 11,136 shares of the company’s stock valued at $2,221,000 after purchasing an additional 5,955 shares during the last quarter. Leelyn Smith LLC raised its position in Zscaler by 9.8% in the 3rd quarter. Leelyn Smith LLC now owns 9,591 shares of the company’s stock worth $1,913,000 after purchasing an additional 856 shares during the period. Parallel Advisors LLC raised its position in Zscaler by 6.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,362 shares of the company’s stock worth $272,000 after purchasing an additional 81 shares during the period. Finally, International Assets Investment Management LLC raised its position in Zscaler by 7.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,749 shares of the company’s stock worth $546,000 after purchasing an additional 197 shares during the period. 46.45% of the stock is owned by hedge funds and other institutional investors.

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.