Cantor Fitzgerald Boosts Zscaler (NASDAQ:ZS) Price Target to $340.00

Zscaler (NASDAQ:ZS) had its target price hoisted by investment analysts at Cantor Fitzgerald from $290.00 to $340.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 13.28% from the company’s current price. Cantor Fitzgerald also issued estimates for Zscaler’s FY2026 earnings at $0.20 EPS.

ZS has been the subject of a number of other reports. FBN Securities upgraded shares of Zscaler to a “strong-buy” rating in a research note on Friday, May 30th. Stephens reaffirmed an “overweight” rating and set a $255.00 price objective on shares of Zscaler in a research report on Tuesday, May 27th. Jefferies Financial Group reduced their target price on shares of Zscaler from $245.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, March 31st. UBS Group reaffirmed a “buy” rating and set a $315.00 price target (up previously from $260.00) on shares of Zscaler in a report on Friday, May 30th. Finally, Robert W. Baird boosted their target price on shares of Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, May 30th. Nine investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.71.

Zscaler Stock Performance

Shares of NASDAQ ZS traded up $2.17 during mid-day trading on Wednesday, hitting $300.14. 294,637 shares of the stock were exchanged, compared to its average volume of 2,054,677. The stock’s fifty day simple moving average is $233.82 and its two-hundred day simple moving average is $210.84. Zscaler has a twelve month low of $153.45 and a twelve month high of $306.78. The company has a market cap of $46.73 billion, a P/E ratio of -1,197.40 and a beta of 1.09.

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

Insiders Place Their Bets

In related news, Director Andrew William Fraser Brown sold 20,333 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $296.72, for a total value of $6,033,207.76. Following the sale, the director now directly owns 27,216 shares of the company’s stock, valued at $8,075,531.52. This represents a 42.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $200.69, for a total value of $38,227,431.20. Following the transaction, the insider now owns 2,580,210 shares of the company’s stock, 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. In the last quarter, insiders sold 266,722 shares of company stock worth $57,583,648. Corporate insiders own 18.10% of the company’s stock.

Institutional Investors Weigh In On Zscaler

Institutional investors and hedge funds have recently bought and sold shares of the company. Quintet Private Bank Europe S.A. increased its holdings in Zscaler by 4.7% during the first quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company’s stock valued at $222,000 after buying an additional 50 shares during the period. Corebridge Financial Inc. boosted its position in Zscaler by 0.5% during the 4th quarter. Corebridge Financial Inc. now owns 11,695 shares of the company’s stock valued at $2,110,000 after acquiring an additional 54 shares in the last quarter. Erste Asset Management GmbH increased its holdings in shares of Zscaler by 0.6% in the 4th quarter. Erste Asset Management GmbH now owns 9,780 shares of the company’s stock valued at $1,805,000 after acquiring an additional 56 shares during the period. Ironwood Investment Management LLC raised its position in shares of Zscaler by 1.0% in the 4th quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company’s stock worth $1,127,000 after acquiring an additional 64 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Zscaler by 0.3% during the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company’s stock worth $4,549,000 after purchasing an additional 68 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

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.