Oppenheimer Cuts Zscaler (NASDAQ:ZS) Price Target to $250.00

Zscaler (NASDAQ:ZS) had its target price lowered by Oppenheimer from $280.00 to $250.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

ZS has been the subject of a number of other reports. TD Cowen decreased their target price on Zscaler from $330.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Robert W. Baird reduced their price objective on Zscaler from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. KeyCorp decreased their price objective on Zscaler from $300.00 to $250.00 and set an “overweight” rating for the company in a report on Tuesday, February 17th. The Goldman Sachs Group lowered their target price on shares of Zscaler from $290.00 to $257.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Finally, Citizens Jmp cut their target price on shares of Zscaler from $355.00 to $290.00 and set a “market outperform” rating on the stock in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $267.13.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $151.61 on Tuesday. Zscaler has a 12 month low of $140.56 and a 12 month high of $336.99. The firm has a market capitalization of $24.38 billion, a P/E ratio of -360.98 and a beta of 1.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90. The company’s fifty day moving average price is $186.02 and its 200 day moving average price is $247.85.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share (EPS) 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 quarter in the prior year, the firm posted $0.78 earnings per share. Zscaler’s revenue for the quarter was up 25.9% on a year-over-year basis. 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, sell-side analysts predict that Zscaler will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Adam Geller sold 2,060 shares of the business’s 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 $475,489.20. Following the transaction, the insider owned 52,148 shares of the company’s stock, valued at approximately $12,036,801.36. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 3,084 shares of the company’s 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 owned 77,002 shares of the company’s stock, valued at $17,773,601.64. This trade represents a 3.85% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 19,350 shares of company stock worth $4,471,509. 17.20% of the stock is currently owned by insiders.

Institutional Trading of Zscaler

Hedge funds have recently made changes to their positions in the company. Binnacle Investments Inc acquired a new position in shares of Zscaler during the third quarter worth about $25,000. Tradewinds Capital Management LLC lifted its position in Zscaler by 145.7% in the third quarter. Tradewinds Capital Management LLC now owns 86 shares of the company’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Root Financial Partners LLC purchased a new stake in Zscaler in the 3rd quarter valued at approximately $26,000. McIlrath & Eck LLC purchased a new stake in Zscaler in the 3rd quarter valued at approximately $29,000. Finally, AlphaCentric Advisors LLC acquired a new position in Zscaler during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Company Profile

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.