Royal Bank Of Canada Issues Positive Forecast for Zscaler (NASDAQ:ZS) Stock Price

Zscaler (NASDAQ:ZS) had its price objective increased by Royal Bank Of Canada from $350.00 to $366.00 in a report published on Wednesday,MarketScreener reports. The firm currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on the company. JMP Securities restated a “market outperform” rating and set a $355.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. Bank of America lifted their price objective on Zscaler from $340.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Evercore ISI upped their target price on shares of Zscaler from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 3rd. 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, September 3rd. Finally, Guggenheim reissued a “neutral” rating on shares of Zscaler in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average price target of $312.39.

Zscaler Trading Down 2.7%

NASDAQ ZS traded down $8.48 during trading hours on Wednesday, hitting $308.60. 1,155,589 shares of the company were exchanged, compared to its average volume of 1,974,957. The stock has a market cap of $48.85 billion, a PE ratio of -1,142.96 and a beta of 1.06. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average price of $304.02 and a 200 day moving average price of $287.21. Zscaler has a 52 week low of $164.78 and a 52 week high of $336.99.

Zscaler (NASDAQ:ZS) last announced 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. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The firm had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. During the same quarter last year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 21.3% on a year-over-year basis. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Analysts forecast that Zscaler will post -0.1 earnings per share for the current fiscal year.

Insider Activity

In other Zscaler news, EVP Raj Judge sold 4,524 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the completion of the transaction, the executive vice president owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This represents a 5.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $804,205.50. Following the completion of the transaction, the chief executive officer owned 350,700 shares of the company’s stock, valued at $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 43,084 shares of company stock valued at $12,446,825. 18.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP lifted its position in Zscaler by 47.4% in the 1st quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock valued at $211,000 after acquiring an additional 322 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Zscaler by 0.3% in the first quarter. Cerity Partners LLC now owns 22,928 shares of the company’s stock worth $4,549,000 after buying an additional 68 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Zscaler by 4.7% in the first quarter. Ballentine Partners LLC now owns 2,066 shares of the company’s stock valued at $410,000 after acquiring an additional 92 shares during the period. New York State Common Retirement Fund grew its stake in Zscaler by 1.8% during the first quarter. New York State Common Retirement Fund now owns 50,774 shares of the company’s stock valued at $10,075,000 after acquiring an additional 900 shares in the last quarter. Finally, CWM LLC lifted its stake in Zscaler by 19.8% in the 1st quarter. CWM LLC now owns 22,274 shares of the company’s stock worth $4,420,000 after purchasing an additional 3,679 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.