Zscaler (NASDAQ:ZS) Given New $340.00 Price Target at Cantor Fitzgerald

Zscaler (NASDAQ:ZS) had its price objective upped by equities researchers at Cantor Fitzgerald from $290.00 to $340.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 12.80% from the company’s current price. Cantor Fitzgerald also issued estimates for Zscaler’s FY2026 earnings at $0.20 EPS.

ZS has been the topic of several other research reports. Canaccord Genuity Group set a $305.00 price target on Zscaler and gave the company a “buy” rating in a research note on Monday, June 2nd. Barclays boosted their price target on Zscaler from $275.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Wedbush raised their target price on Zscaler from $240.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Loop Capital raised their target price on Zscaler from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Finally, Roth Capital reissued a “neutral” rating on shares of Zscaler in a research report on Wednesday, May 28th. Nine analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $288.71.

Zscaler Trading Up 0.5%

Shares of ZS stock opened at $301.43 on Wednesday. Zscaler has a 12 month low of $153.45 and a 12 month high of $306.78. The stock has a 50 day moving average of $238.75 and a two-hundred day moving average of $212.08. The company has a market capitalization of $46.93 billion, a P/E ratio of -1,205.72 and a beta of 1.09.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $678.03 million during the quarter, compared to analysts’ expectations of $667.13 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. Sell-side analysts predict that Zscaler will post -0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 2,878 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total value of $573,153.70. Following the completion of the sale, the insider now owns 107,587 shares in the company, valued at approximately $21,425,951.05. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Syam Nair sold 28,947 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $250.00, for a total transaction of $7,236,750.00. Following the sale, the insider now owns 110,566 shares of the company’s stock, valued at $27,641,500. This represents a 20.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 386,722 shares of company stock valued at $93,690,448. 18.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Zscaler

Institutional investors have recently modified their holdings of the business. LaFleur & Godfrey LLC raised its holdings in Zscaler by 0.6% during the fourth quarter. LaFleur & Godfrey LLC now owns 61,985 shares of the company’s stock worth $11,183,000 after purchasing an additional 399 shares in the last quarter. Yousif Capital Management LLC acquired a new position in Zscaler during the fourth quarter worth about $214,000. Choreo LLC grew its position in Zscaler by 2.6% during the fourth quarter. Choreo LLC now owns 2,833 shares of the company’s stock worth $517,000 after buying an additional 73 shares during the period. Savant Capital LLC acquired a new position in Zscaler during the fourth quarter worth about $2,742,000. Finally, Essex Financial Services Inc. grew its position in Zscaler by 16.2% during the fourth quarter. Essex Financial Services Inc. now owns 2,038 shares of the company’s stock worth $368,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

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.