FY2025 EPS Estimates for Zscaler Decreased by Analyst

Zscaler, Inc. (NASDAQ:ZS) – Equities research analysts at Cantor Fitzgerald decreased their FY2025 EPS estimates for Zscaler in a research note issued on Thursday, March 6th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the company will post earnings per share of ($0.02) for the year, down from their prior estimate of $0.06. Cantor Fitzgerald currently has a “Hold” rating on the stock. The consensus estimate for Zscaler’s current full-year earnings is ($0.10) per share.

Several other analysts also recently commented on the stock. Jefferies Financial Group increased their target price on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Guggenheim restated a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. UBS Group raised their price objective on shares of Zscaler from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. BTIG Research set a $252.00 price objective on shares of Zscaler and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.88.

Zscaler Price Performance

Shares of ZS stock opened at $199.36 on Monday. The firm has a 50-day moving average of $197.39 and a 200-day moving average of $191.62. The company has a market cap of $30.59 billion, a P/E ratio of -797.44 and a beta of 0.88. Zscaler has a one year low of $153.45 and a one year high of $217.84.

Hedge Funds Weigh In On Zscaler

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fred Alger Management LLC raised its position in shares of Zscaler by 1,151.0% during the 3rd quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock worth $1,773,000 after acquiring an additional 9,542 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Zscaler by 11.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after acquiring an additional 37,801 shares in the last quarter. Zweig DiMenna Associates LLC raised its position in shares of Zscaler by 29.8% during the 4th quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock worth $14,061,000 after acquiring an additional 17,900 shares in the last quarter. Baader Bank Aktiengesellschaft raised its position in shares of Zscaler by 30.3% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock worth $1,515,000 after acquiring an additional 1,952 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Zscaler by 1,786.5% during the 3rd quarter. Van ECK Associates Corp now owns 15,073 shares of the company’s stock worth $2,728,000 after acquiring an additional 14,274 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the transaction, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Syam Nair sold 3,682 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by insiders.

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.