Cantor Fitzgerald Expects Reduced Earnings for Zscaler

Zscaler, Inc. (NASDAQ:ZS) – Research analysts at Cantor Fitzgerald decreased their FY2025 earnings per share estimates for shares of Zscaler in a report issued on Thursday, March 6th. Cantor Fitzgerald analyst J. Ruykhaver now forecasts that the company will post earnings per share of ($0.02) for the year, down from their previous forecast of $0.06. Cantor Fitzgerald currently has a “Hold” rating on the stock. The consensus estimate for Zscaler’s current full-year earnings is ($0.10) per share.

Other research analysts also recently issued reports about the stock. Mizuho increased their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Loop Capital reduced their price objective on Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a report on Tuesday, December 3rd. Stifel Nicolaus boosted their target price on Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Jefferies Financial Group increased their price target on Zscaler from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Zscaler from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, Zscaler presently has a consensus rating of “Moderate Buy” and an average price target of $234.29.

Zscaler Stock Performance

NASDAQ ZS opened at $208.76 on Monday. The company has a market capitalization of $32.03 billion, a PE ratio of -835.04 and a beta of 0.88. Zscaler has a 52-week low of $153.45 and a 52-week high of $217.84. The company has a 50-day simple moving average of $196.78 and a 200 day simple moving average of $191.64.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the transaction, the insider now directly owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock valued at $2,052,879 over the last 90 days. 18.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Zscaler by 120.1% during the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company’s stock valued at $173,921,000 after buying an additional 525,956 shares during the last quarter. Natixis purchased a new position in shares of Zscaler in the fourth quarter valued at about $87,775,000. Greenvale Capital LLP bought a new position in shares of Zscaler during the fourth quarter valued at about $72,164,000. Pictet Asset Management Holding SA raised its stake in shares of Zscaler by 25.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company’s stock valued at $291,935,000 after acquiring an additional 332,307 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in shares of Zscaler by 28.2% during the third quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock worth $220,401,000 after purchasing an additional 283,540 shares during the period. 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.