Scotiabank Has Lowered Expectations for Zscaler (NASDAQ:ZS) Stock Price

Zscaler (NASDAQ:ZS) had its target price reduced by analysts at Scotiabank from $360.00 to $334.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 26.07% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Oppenheimer raised their price target on shares of Zscaler from $290.00 to $345.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Guggenheim reissued a “neutral” rating on shares of Zscaler in a research note on Friday, May 30th. BTIG Research reissued a “buy” rating on shares of Zscaler in a research note on Thursday, July 10th. FBN Securities upgraded shares of Zscaler to a “strong-buy” rating in a report on Friday, May 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $340.00 price target on shares of Zscaler in a report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $303.17.

Zscaler Trading Down 3.5%

NASDAQ ZS opened at $264.92 on Wednesday. The firm has a market capitalization of $41.25 billion, a price-to-earnings ratio of -1,020.73, a P/E/G ratio of 259.58 and a beta of 1.05. The firm’s 50 day simple moving average is $287.86 and its 200 day simple moving average is $249.96. Zscaler has a 1 year low of $153.45 and a 1 year high of $318.46.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.80 by $0.09. The business had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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, equities research analysts forecast that Zscaler will post -0.1 earnings per share for the current year.

Insider Transactions at Zscaler

In other Zscaler news, EVP Raj Judge sold 2,957 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $898,040.90. Following the transaction, the executive vice president directly owned 76,289 shares in the company, valued at $23,168,969.30. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Syam Nair sold 4,064 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were 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 owned 106,659 shares in the company, valued at approximately $32,392,338.30. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,305 shares of company stock valued at $43,199,936. Corporate insiders own 18.10% of the company’s stock.

Institutional Trading of Zscaler

Hedge funds and other institutional investors have recently modified their holdings of the business. Quaker Wealth Management LLC raised its position in shares of Zscaler by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 194 shares during the period. Exane Asset Management increased its holdings in Zscaler by 185.7% during the 2nd quarter. Exane Asset Management now owns 100 shares of the company’s stock worth $31,000 after acquiring an additional 65 shares during the period. Kozak & Associates Inc. bought a new stake in Zscaler during the 2nd quarter worth approximately $35,000. ORG Partners LLC increased its holdings in Zscaler by 284.8% during the 1st quarter. ORG Partners LLC now owns 127 shares of the company’s stock worth $26,000 after acquiring an additional 94 shares during the period. Finally, SVB Wealth LLC bought a new stake in Zscaler during the 1st quarter worth approximately $26,000. Institutional investors own 46.45% of the company’s stock.

Zscaler Company Profile

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.