Zscaler (NASDAQ:ZS) Price Target Cut to $250.00 by Analysts at Oppenheimer

Zscaler (NASDAQ:ZS) had its price target dropped by equities researchers at Oppenheimer from $280.00 to $250.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 58.97% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets cut their price objective on shares of Zscaler from $315.00 to $210.00 and set an “outperform” rating for the company in a report on Friday, February 27th. KeyCorp reduced their target price on Zscaler from $300.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, February 17th. HC Wainwright reissued a “buy” rating on shares of Zscaler in a research note on Wednesday, November 26th. Truist Financial reduced their price objective on Zscaler from $350.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Finally, Bank of America lowered their target price on Zscaler from $355.00 to $335.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.13.

Zscaler Stock Down 3.3%

Zscaler stock traded down $5.36 during midday trading on Tuesday, hitting $157.26. 943,931 shares of the company’s stock were exchanged, compared to its average volume of 2,689,607. Zscaler has a 12 month low of $140.56 and a 12 month high of $336.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $25.29 billion, a PE ratio of -374.57 and a beta of 1.07. The firm has a 50-day moving average of $190.32 and a two-hundred day moving average of $250.01.

Zscaler (NASDAQ:ZS) last announced its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The company had revenue of $815.75 million during the quarter, compared to the consensus estimate of $798.92 million. During the same period last year, the firm earned $0.78 earnings per share. Zscaler’s revenue was up 25.9% compared to the same quarter last year. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, analysts expect that Zscaler will post -0.1 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, EVP Raj Judge sold 3,438 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $230.82, for a total transaction of $793,559.16. Following the transaction, the executive vice president directly owned 70,394 shares of the company’s stock, valued at approximately $16,248,343.08. This trade represents a 4.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Schlossman sold 3,084 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $711,848.88. Following the sale, the insider directly owned 77,002 shares of the company’s stock, valued at $17,773,601.64. The trade was a 3.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 19,350 shares of company stock valued at $4,471,509. Corporate insiders own 17.20% of the company’s stock.

Institutional Trading of Zscaler

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its holdings in Zscaler by 19.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock valued at $285,000 after purchasing an additional 239 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Zscaler by 8.2% in the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after buying an additional 370 shares during the period. Empowered Funds LLC lifted its stake in shares of Zscaler by 9.2% during the first quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after purchasing an additional 238 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Zscaler during the second quarter worth $252,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Zscaler by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 26,969 shares of the company’s stock worth $8,467,000 after acquiring an additional 2,940 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

About Zscaler

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.