Zscaler (ZS) – Analysts’ Weekly Ratings Changes

Zscaler (NASDAQ: ZS) recently received a number of ratings updates from brokerages and research firms:

• 4/3/2025 – Zscaler was upgraded by analysts at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating. They now have a $250.00 price target on the stock, up previously from $220.00.
• 4/1/2025 – Zscaler is now covered by analysts at Stephens. They set an “overweight” rating and a $255.00 price target on the stock.
• 3/31/2025 – Zscaler was upgraded by analysts at Stephens from an “overweight” rating to a “strong-buy” rating.
• 3/31/2025 – Zscaler had its price target lowered by analysts at Jefferies Financial Group Inc. from $245.00 to $240.00. They now have a “buy” rating on the stock.
• 3/18/2025 – Zscaler is now covered by analysts at Morgan Stanley. They set an “equal weight” rating on the stock.
• 3/7/2025 – Zscaler was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $240.00 price target on the stock, up previously from $215.00.
• 3/6/2025 – Zscaler was given a new $207.00 price target on by analysts at The Goldman Sachs Group, Inc.. They now have a “neutral” rating on the stock.
• 3/6/2025 – Zscaler had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $244.00 price target on the stock.
• 3/6/2025 – Zscaler was given a new $252.00 price target on by analysts at BTIG Research. They now have a “buy” rating on the stock.
• 3/6/2025 – Zscaler had its price target raised by analysts at JPMorgan Chase & Co. from $240.00 to $250.00. They now have an “overweight” rating on the stock.
• 3/6/2025 – Zscaler had its price target raised by analysts at Royal Bank of Canada from $230.00 to $250.00. They now have an “outperform” rating on the stock.
• 3/6/2025 – Zscaler had its price target raised by analysts at Wedbush from $230.00 to $240.00. They now have an “outperform” rating on the stock.
• 3/6/2025 – Zscaler had its price target raised by analysts at BMO Capital Markets from $222.00 to $233.00. They now have an “outperform” rating on the stock.
• 3/6/2025 – Zscaler had its price target raised by analysts at Robert W. Baird from $240.00 to $250.00. They now have an “outperform” rating on the stock.
• 3/6/2025 – Zscaler had its price target raised by analysts at Wells Fargo & Company from $190.00 to $210.00. They now have an “equal weight” rating on the stock.
• 3/6/2025 – Zscaler had its price target raised by analysts at UBS Group AG from $250.00 to $260.00. They now have a “buy” rating on the stock.
• 3/6/2025 – Zscaler was upgraded by analysts at Rosenblatt Securities from a “neutral” rating to a “buy” rating. They now have a $235.00 price target on the stock, up previously from $190.00.
• 3/5/2025 – Zscaler had its “sector outperform” rating reaffirmed by analysts at Scotiabank. They now have a $242.00 price target on the stock, up previously from $225.00.
• 3/5/2025 – Zscaler had its “overweight” rating reaffirmed by analysts at Barclays PLC.
• 3/5/2025 – Zscaler had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $240.00 price target on the stock, up previously from $235.00.
• 3/5/2025 – Zscaler had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $240.00 price target on the stock.
• 3/5/2025 – Zscaler had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $190.00 price target on the stock.
• 2/21/2025 – Zscaler had its price target raised by analysts at Barclays PLC from $220.00 to $250.00. They now have an “overweight” rating on the stock.

Zscaler Price Performance

Shares of ZS stock traded down $0.57 on Monday, hitting $197.51. 822,606 shares of the stock traded hands, compared to its average volume of 1,974,734. The firm has a market cap of $30.56 billion, a price-to-earnings ratio of -790.04 and a beta of 1.12. The firm has a 50 day simple moving average of $200.88 and a two-hundred day simple moving average of $195.48. Zscaler, Inc. has a 52 week low of $153.45 and a 52 week high of $217.84.

Insider Buying and Selling

In other news, Director Andrew William Fraser Brown sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $206.00, for a total transaction of $2,060,000.00. Following the sale, the director now directly owns 27,216 shares of the company’s stock, valued at $5,606,496. This represents a 26.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ajay Mangal sold 190,480 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the sale, the insider now directly owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,234 shares of company stock worth $42,030,790. 18.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zscaler

Several large investors have recently modified their holdings of ZS. AQR Capital Management LLC increased its stake in Zscaler by 120.1% in the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company’s stock worth $173,921,000 after buying an additional 525,956 shares during the period. Natixis purchased a new stake in shares of Zscaler in the fourth quarter valued at approximately $87,775,000. Greenvale Capital LLP purchased a new stake in shares of Zscaler in the fourth quarter valued at approximately $72,164,000. Pictet Asset Management Holding SA increased its holdings in Zscaler by 25.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company’s stock worth $291,935,000 after purchasing an additional 332,307 shares during the period. Finally, DnB Asset Management AS raised its position in Zscaler by 66.8% during the 4th quarter. DnB Asset Management AS now owns 667,383 shares of the company’s stock valued at $120,403,000 after purchasing an additional 267,162 shares in the last quarter. Institutional investors 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.