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

Zscaler (NASDAQ:ZS) had its price objective boosted by Cantor Fitzgerald from $290.00 to $340.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock. Cantor Fitzgerald also issued estimates for Zscaler’s FY2026 earnings at $0.20 EPS.

A number of other equities analysts also recently weighed in on the company. Citigroup restated a “buy” rating and issued a $240.00 target price (up previously from $235.00) on shares of Zscaler in a research note on Wednesday, March 5th. Wedbush lifted their price target on Zscaler from $240.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. Evercore ISI boosted their price objective on Zscaler from $245.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, May 30th. Royal Bank of Canada raised their target price on Zscaler from $288.00 to $304.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. Finally, Roth Capital reiterated a “neutral” rating on shares of Zscaler in a research note on Wednesday, May 28th. Nine research 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 company’s stock. According to MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and an average target price of $288.71.

Zscaler Price Performance

ZS opened at $299.86 on Wednesday. Zscaler has a 1 year low of $153.45 and a 1 year high of $306.78. The company has a market capitalization of $46.69 billion, a price-to-earnings ratio of -1,199.44 and a beta of 1.09. The firm’s fifty day moving average price is $236.33 and its two-hundred day moving average price is $211.46.

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. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company had revenue of $678.03 million for the quarter, compared to analyst estimates of $667.13 million. During the same period last year, the firm earned $0.88 earnings per share. The firm’s revenue was up 22.6% on a year-over-year basis. As a group, equities analysts anticipate that Zscaler will post -0.1 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jagtar Singh Chaudhry sold 2,155 shares of Zscaler stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $429,168.25. Following the completion of the sale, the chief executive officer now owns 356,414 shares of the company’s stock, valued at approximately $70,979,848.10. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schlossman sold 2,878 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $573,153.70. Following the transaction, the insider now owns 107,587 shares of the company’s stock, valued at approximately $21,425,951.05. The trade was a 2.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 386,722 shares of company stock worth $93,690,448 in the last quarter. 18.10% of the stock is owned by company insiders.

Institutional Trading of Zscaler

Institutional investors and hedge funds have recently modified their holdings of the business. Anderson Financial Strategies LLC bought a new position in shares of Zscaler in the 1st quarter worth $238,000. Geneos Wealth Management Inc. grew its position in Zscaler by 26.7% in the first quarter. Geneos Wealth Management Inc. now owns 6,170 shares of the company’s stock worth $1,224,000 after acquiring an additional 1,299 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Zscaler by 10.8% in the first quarter. Belpointe Asset Management LLC now owns 1,166 shares of the company’s stock valued at $231,000 after acquiring an additional 114 shares during the last quarter. Jupiter Wealth Management LLC purchased a new stake in Zscaler during the first quarter valued at about $298,000. Finally, Focus Partners Wealth raised its position in Zscaler by 2.5% during the first quarter. Focus Partners Wealth now owns 62,083 shares of the company’s stock valued at $12,319,000 after purchasing an additional 1,517 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

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.