Recent Investment Analysts’ Ratings Changes for Zscaler (ZS)

Zscaler (NASDAQ: ZS) has recently received a number of price target changes and ratings updates:

• 12/4/2024 – Zscaler had its price target raised by analysts at Wells Fargo & Company from $180.00 to $190.00. They now have an “equal weight” rating on the stock.
• 12/4/2024 – Zscaler had its price target raised by analysts at Citigroup Inc. from $230.00 to $235.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Zscaler had its price target raised by analysts at Scotiabank from $195.00 to $205.00. They now have a “sector outperform” rating on the stock.
• 12/3/2024 – Zscaler had its price target raised by analysts at Susquehanna from $210.00 to $225.00. They now have a “positive” rating on the stock.
• 12/3/2024 – Zscaler had its price target raised by analysts at KeyCorp from $245.00 to $250.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – Zscaler had its price target raised by analysts at Piper Sandler from $215.00 to $235.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – Zscaler had its price target raised by analysts at Oppenheimer Holdings Inc. from $230.00 to $250.00. They now have an “outperform” rating on the stock.
• 12/3/2024 – Zscaler had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $230.00 price target on the stock.
• 12/3/2024 – Zscaler had its price target raised by analysts at BMO Capital Markets from $197.00 to $222.00. They now have an “outperform” rating on the stock.
• 12/3/2024 – Zscaler had its “neutral” rating reaffirmed by analysts at Guggenheim.
• 12/3/2024 – Zscaler had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $240.00 price target on the stock, down previously from $270.00.
• 12/3/2024 – Zscaler had its price target lowered by analysts at Loop Capital from $200.00 to $195.00. They now have a “hold” rating on the stock.
• 12/3/2024 – Zscaler had its price target lowered by analysts at Morgan Stanley from $215.00 to $205.00. They now have an “equal weight” rating on the stock.
• 12/3/2024 – Zscaler had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $240.00 price target on the stock.
• 12/3/2024 – Zscaler had its price target raised by analysts at Canaccord Genuity Group Inc. from $220.00 to $230.00. They now have a “buy” rating on the stock.
• 12/3/2024 – Zscaler had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $200.00 to $225.00. They now have a “buy” rating on the stock.
• 11/29/2024 – Zscaler had its price target raised by analysts at JPMorgan Chase & Co. from $220.00 to $240.00. They now have an “overweight” rating on the stock.
• 11/27/2024 – Zscaler had its price target raised by analysts at BTIG Research from $205.00 to $238.00. They now have a “buy” rating on the stock.
• 11/26/2024 – Zscaler had its price target raised by analysts at Jefferies Financial Group Inc. from $225.00 to $245.00. They now have a “buy” rating on the stock.
• 11/22/2024 – Zscaler had its price target raised by analysts at KeyCorp from $220.00 to $245.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – Zscaler had its price target raised by analysts at Barclays PLC from $200.00 to $220.00. They now have an “overweight” rating on the stock.
• 11/18/2024 – Zscaler was upgraded by analysts at Cantor Fitzgerald to a “hold” rating.
• 11/14/2024 – Zscaler had its price target raised by analysts at Stifel Nicolaus from $220.00 to $235.00. They now have a “buy” rating on the stock.
• 11/4/2024 – Zscaler had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $270.00 price target on the stock.

Zscaler Trading Down 0.8 %

NASDAQ ZS opened at $206.36 on Friday. The business’s 50 day moving average is $196.36 and its two-hundred day moving average is $186.54. The stock has a market capitalization of $31.66 billion, a price-to-earnings ratio of -825.44 and a beta of 0.82. Zscaler, Inc. has a 12-month low of $153.45 and a 12-month high of $259.61.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) EPS. Equities analysts forecast that Zscaler, Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Remo Canessa sold 8,455 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $1,448,172.40. Following the completion of the transaction, the chief financial officer now directly owns 231,793 shares of the company’s stock, valued at $39,701,505.04. The trade was a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the sale, the chief executive officer now owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $5,256,651 over the last 90 days. 18.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zscaler

Hedge funds have recently made changes to their positions in the business. SteelPeak Wealth LLC acquired a new position in shares of Zscaler in the 2nd quarter valued at $258,000. Swedbank AB increased its stake in Zscaler by 0.8% during the second quarter. Swedbank AB now owns 9,036 shares of the company’s stock worth $1,737,000 after acquiring an additional 76 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Zscaler by 18.0% in the 2nd quarter. Blue Trust Inc. now owns 1,252 shares of the company’s stock worth $241,000 after purchasing an additional 191 shares during the period. OFI Invest Asset Management lifted its stake in shares of Zscaler by 1,935.7% in the 2nd quarter. OFI Invest Asset Management now owns 855 shares of the company’s stock valued at $153,000 after purchasing an additional 813 shares in the last quarter. Finally, Vista Investment Partners LLC purchased a new stake in shares of Zscaler during the 2nd quarter worth about $563,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

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.