Citigroup Cuts Zscaler (NASDAQ:ZS) Price Target to $350.00

Zscaler (NASDAQ:ZS) had its price target lowered by stock analysts at Citigroup from $365.00 to $350.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 41.86% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Zscaler from $351.00 to $354.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. UBS Group cut their target price on shares of Zscaler from $350.00 to $340.00 and set a “buy” rating on the stock in a report on Wednesday. Mizuho decreased their target price on shares of Zscaler from $325.00 to $310.00 and set a “neutral” rating on the stock in a research note on Wednesday. HC Wainwright reissued a “buy” rating on shares of Zscaler in a research report on Wednesday. Finally, Sanford C. Bernstein cut shares of Zscaler from an “outperform” rating to a “market perform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $319.38.

Zscaler Stock Down 1.9%

NASDAQ:ZS traded down $4.77 on Monday, hitting $246.73. The stock had a trading volume of 1,732,898 shares, compared to its average volume of 2,007,275. Zscaler has a 1 year low of $164.78 and a 1 year high of $336.99. The firm’s fifty day simple moving average is $303.63 and its two-hundred day simple moving average is $291.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of $39.35 billion, a P/E ratio of -948.93 and a beta of 1.07.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, November 25th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $788.11 million during the quarter, compared to analyst estimates of $773.86 million. Zscaler had a negative return on equity of 0.12% and a negative net margin of 1.45%.Zscaler’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share. Zscaler has set its FY 2026 guidance at 3.780-3.820 EPS. Q2 2026 guidance at 0.890-0.900 EPS. Analysts predict that Zscaler will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Zscaler

In other news, insider Adam Geller sold 11,193 shares of Zscaler stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $3,141,875.10. Following the completion of the transaction, the insider directly owned 53,942 shares in the company, valued at approximately $15,141,519.40. This trade represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raj Judge sold 4,524 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,084 shares of company stock worth $12,446,825 over the last three months. Company insiders own 17.20% of the company’s stock.

Institutional Trading of Zscaler

Institutional investors and hedge funds have recently bought and sold shares of the company. Binnacle Investments Inc purchased a new position in shares of Zscaler in the third quarter worth $25,000. Tradewinds Capital Management LLC lifted its stake in Zscaler by 145.7% during the 3rd quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Zscaler during the 3rd quarter valued at about $26,000. McIlrath & Eck LLC bought a new stake in shares of Zscaler in the third quarter worth approximately $29,000. Finally, Quaker Wealth Management LLC lifted its position in Zscaler by 200.0% during 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. 46.45% of the stock is currently owned by institutional investors.

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.