Bank of America Raises Zscaler (NASDAQ:ZS) Price Target to $355.00

Key Points

• Bank of America has increased its price target for Zscaler (NASDAQ:ZS) from $340.00 to $355.00, indicating a potential upside of 16.17% from the current price.
• Zscaler reported earnings of $0.89 per share in its last quarter, exceeding expectations, with revenue up 21.3% year-over-year.
• Insider trading activity includes notable sales by CEO Jagtar Singh Chaudhry and insider Adam Geller, reflecting a total decrease of 17.18% in Geller's ownership.

Zscaler (NASDAQ:ZS - Get Free Report) had its target price lifted by research analysts at Bank of America from $340.00 to $355.00 in a report issued on Monday,MarketScreener reports. The firm presently has a "buy" rating on the stock. Bank of America's price target indicates a potential upside of 16.17% from the company's current price.

Several other equities analysts have also weighed in on ZS. Evercore ISI increased their price objective on shares of Zscaler from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, September 3rd. Rosenblatt Securities lifted their price objective on Zscaler from $315.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Piper Sandler lifted their price target on Zscaler from $260.00 to $280.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Cantor Fitzgerald restated an "overweight" rating and issued a $340.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, KeyCorp increased their price objective on shares of Zscaler from $345.00 to $350.00 and gave the company an "overweight" rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.86.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $305.58 on Monday. Zscaler has a twelve month low of $164.78 and a twelve month high of $319.89. The company has a market cap of $48.37 billion, a price-to-earnings ratio of -1,128.53 and a beta of 1.06. The business has a 50 day moving average price of $287.31 and a 200 day moving average price of $272.28. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. The company had revenue of $719.23 million during the quarter, compared to analysts' expectations of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The business's revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Research analysts predict that Zscaler will post -0.1 earnings per share for the current year.

Insiders Place Their Bets

In other Zscaler news, insider Adam Geller sold 11,193 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $3,141,875.10. Following the sale, the insider owned 53,942 shares of the company's stock, valued at $15,141,519.40. The trade was a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 in the company, valued at approximately $98,441,490. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,884 shares of company stock valued at $11,406,825. Insiders own 18.10% of the company's stock.

Institutional Investors Weigh In On Zscaler

A number of hedge funds have recently bought and sold shares of ZS. E&G Advisors LP acquired a new position in shares of Zscaler in the 3rd quarter worth approximately $213,000. Mather Group LLC. bought a new stake in shares of Zscaler during the 3rd quarter worth $137,000. Accurate Wealth Management LLC grew its holdings in shares of Zscaler by 16.4% during the third quarter. Accurate Wealth Management LLC now owns 1,551 shares of the company's stock valued at $468,000 after buying an additional 218 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of Zscaler by 50.6% during the 3rd quarter. Merit Financial Group LLC now owns 9,298 shares of the company's stock worth $2,786,000 after buying an additional 3,123 shares during the period. Finally, Sivia Capital Partners LLC lifted its position in shares of Zscaler by 19.7% during the 3rd quarter. Sivia Capital Partners LLC now owns 961 shares of the company's stock worth $288,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds 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.

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