Zscaler’s (ZS) Market Outperform Rating Reaffirmed at JMP Securities

Zscaler (NASDAQ:ZS)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at JMP Securities in a report issued on Wednesday,Benzinga reports. They currently have a $355.00 price objective on the stock. JMP Securities’ price objective would suggest a potential upside of 34.00% from the company’s previous close.

A number of other brokerages have also commented on ZS. Piper Sandler boosted their price target on shares of Zscaler from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $280.00 to $320.00 in a report on Tuesday. Mizuho raised their price objective on shares of Zscaler from $275.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Royal Bank Of Canada upped their price target on shares of Zscaler from $288.00 to $304.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. Finally, Loop Capital upped their price target on shares of Zscaler from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $303.17.

Zscaler Stock Performance

Shares of ZS opened at $264.92 on Wednesday. Zscaler has a 52 week low of $153.45 and a 52 week high of $318.46. The stock has a market capitalization of $41.25 billion, a price-to-earnings ratio of -1,020.73, a PEG ratio of 259.58 and a beta of 1.05. The stock has a fifty day moving average of $287.86 and a 200-day moving average of $249.96.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.09. Zscaler had a negative return on equity of 0.59% and a negative net margin of 1.52%.The business had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. During the same period last year, the company earned $0.88 EPS. Zscaler’s revenue for the quarter was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. As a group, equities analysts forecast that Zscaler will post -0.1 EPS for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, EVP Raj Judge sold 2,957 shares of the company’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 $898,040.90. Following the completion of the sale, the executive vice president directly owned 76,289 shares in the company, valued at $23,168,969.30. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,849 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $865,241.30. Following the sale, the chief executive officer owned 353,565 shares of the company’s stock, valued at approximately $107,377,690.50. This represents a 0.80% 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. 18.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zscaler

A number of institutional investors and hedge funds have recently made changes to their positions in ZS. Schonfeld Strategic Advisors LLC bought a new position in shares of Zscaler during the fourth quarter valued at approximately $226,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Zscaler by 141.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,205 shares of the company’s stock valued at $759,000 after purchasing an additional 2,467 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Zscaler by 30.1% during the fourth quarter. Baird Financial Group Inc. now owns 31,260 shares of the company’s stock valued at $5,640,000 after purchasing an additional 7,237 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Zscaler by 65.6% during the fourth quarter. Captrust Financial Advisors now owns 8,320 shares of the company’s stock valued at $1,501,000 after purchasing an additional 3,296 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in shares of Zscaler during the fourth quarter valued at approximately $2,397,000. Institutional investors own 46.45% of the company’s stock.

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.