Zscaler (NASDAQ:ZS) Given New $330.00 Price Target at Rosenblatt Securities

Key Points

• Rosenblatt Securities raised its target price for Zscaler (NASDAQ:ZS) from $315.00 to $330.00, indicating a potential upside of 20.19% from the stock's current price, while maintaining a "buy" rating.
• Various analysts have also boosted their target prices for Zscaler, with UBS Group setting a new high at $365.00, and an overall average target price of $300.63.
• Zscaler reported a 21.3% year-over-year increase in revenue for the last quarter, with earnings per share (EPS) of $0.89, exceeding analyst expectations by $0.09.

Zscaler (NASDAQ:ZS - Free Report) had its price objective raised by Rosenblatt Securities from $315.00 to $330.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on ZS. JMP Securities raised their price target on Zscaler from $310.00 to $355.00 and gave the company a "market outperform" rating in a report on Tuesday, July 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $340.00 price target on shares of Zscaler in a report on Thursday, August 28th. Barclays raised their price target on Zscaler from $290.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, August 25th. Guggenheim reaffirmed a "neutral" rating on shares of Zscaler in a report on Friday, May 30th. Finally, Wall Street Zen cut Zscaler from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $307.00.

Zscaler Stock Up 2.2%

ZS traded up $5.95 during trading on Wednesday, reaching $274.20. 1,620,011 shares of the company were exchanged, compared to its average volume of 1,603,908. The company's 50-day moving average is $285.29 and its two-hundred day moving average is $251.14. The company has a market cap of $42.69 billion, a price-to-earnings ratio of -1,015.56, a P/E/G ratio of 226.46 and a beta of 1.05. Zscaler has a 12-month low of $153.45 and a 12-month high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. Zscaler had a negative return on equity of 0.49% and a negative net margin of 1.55%.The business had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. During the same quarter in the prior year, the firm posted $0.88 EPS. The firm's quarterly revenue 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. Equities analysts forecast that Zscaler will post -0.1 earnings per share for the current year.

Insider Activity

In other news, EVP Raj Judge sold 2,957 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 $898,040.90. Following the transaction, the executive vice president directly owned 76,289 shares in the company, valued at approximately $23,168,969.30. This represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Syam Nair sold 4,064 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $1,234,236.80. Following the transaction, the insider owned 106,659 shares in the company, valued at $32,392,338.30. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 143,305 shares of company stock worth $43,199,936. 18.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zscaler

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quaker Wealth Management LLC grew its position in Zscaler by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 97 shares of the company's stock worth $30,000 after acquiring an additional 194 shares during the last quarter. Exane Asset Management grew its position 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 last quarter. Kozak & Associates Inc. bought a new position in Zscaler during the 2nd quarter worth approximately $35,000. ORG Partners LLC grew its position 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 last quarter. Finally, SVB Wealth LLC bought a new position in Zscaler during the 1st quarter worth approximately $26,000. 46.45% of the stock is currently owned by institutional investors.

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.