Zscaler (NASDAQ:ZS) Given New $335.00 Price Target at Royal Bank Of Canada

Zscaler (NASDAQ:ZS) had its price target hoisted by stock analysts at Royal Bank Of Canada from $315.00 to $335.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 26.70% from the stock’s current price.

ZS has been the subject of a number of other reports. Robert W. Baird lifted their price objective on Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley raised Zscaler from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $280.00 to $320.00 in a report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $340.00 price objective on shares of Zscaler in a report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $350.00 price objective on shares of Zscaler in a report on Wednesday. Finally, Truist Financial restated a “buy” rating and issued a $300.00 target price (up from $260.00) on shares of Zscaler in a research note on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.91.

Zscaler Trading Down 3.7%

ZS stock traded down $10.16 during midday trading on Wednesday, hitting $264.41. The stock had a trading volume of 2,142,495 shares, compared to its average volume of 2,135,269. The firm has a market capitalization of $41.17 billion, a price-to-earnings ratio of -1,016.19, a P/E/G ratio of 259.58 and a beta of 1.05. Zscaler has a 52 week low of $153.45 and a 52 week high of $318.46. The stock has a 50-day simple moving average of $287.86 and a 200 day simple moving average of $249.96.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.80 by $0.09. The firm had revenue of $719.23 million during the quarter, compared to analysts’ expectations of $707.15 million. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%.Zscaler’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share. 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 analysts forecast that Zscaler will post -0.1 EPS for the current year.

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,849 shares of Zscaler stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $865,241.30. Following the completion of the sale, the chief executive officer directly owned 353,565 shares in the company, valued at $107,377,690.50. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raj Judge sold 2,957 shares of Zscaler stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $898,040.90. Following the completion of the sale, the executive vice president owned 76,289 shares of the company’s stock, valued at approximately $23,168,969.30. The trade was a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,305 shares of company stock valued at $43,199,936. 18.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zscaler

Several institutional investors have recently modified their holdings of ZS. Schonfeld Strategic Advisors LLC acquired a new position in shares of Zscaler during the 4th quarter worth about $226,000. Mercer Global Advisors Inc. ADV grew its position in shares of Zscaler by 141.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,205 shares of the company’s stock worth $759,000 after buying an additional 2,467 shares during the period. Baird Financial Group Inc. grew its position in shares of Zscaler by 30.1% during the 4th quarter. Baird Financial Group Inc. now owns 31,260 shares of the company’s stock worth $5,640,000 after buying an additional 7,237 shares during the period. Captrust Financial Advisors grew its position in shares of Zscaler by 65.6% during the 4th quarter. Captrust Financial Advisors now owns 8,320 shares of the company’s stock worth $1,501,000 after buying an additional 3,296 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Zscaler during the 4th quarter worth about $2,397,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

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.