Cantor Fitzgerald Expects Lower Earnings for Zscaler

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

Several other research analysts have also recently weighed in on the company. UBS Group boosted their price target on Zscaler from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Wedbush lifted their price objective on Zscaler from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, March 6th. Barclays reaffirmed an “overweight” rating on shares of Zscaler in a report on Wednesday, March 5th. BTIG Research set a $252.00 price objective on Zscaler and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Zscaler in a report on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Zscaler currently has an average rating of “Moderate Buy” and an average target price of $233.88.

Zscaler Trading Up 2.4 %

Shares of NASDAQ:ZS opened at $199.36 on Monday. The stock has a fifty day simple moving average of $197.39 and a two-hundred day simple moving average of $191.62. The stock has a market capitalization of $30.59 billion, a price-to-earnings ratio of -797.44 and a beta of 0.88. Zscaler has a 12-month low of $153.45 and a 12-month high of $217.84.

Hedge Funds Weigh In On Zscaler

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZS. AQR Capital Management LLC increased its position in Zscaler by 120.1% in the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company’s stock valued at $173,921,000 after acquiring an additional 525,956 shares during the period. Natixis acquired a new position in Zscaler in the 4th quarter valued at approximately $87,775,000. Greenvale Capital LLP acquired a new position in Zscaler in the 4th quarter valued at approximately $72,164,000. Pictet Asset Management Holding SA increased its position in Zscaler by 25.8% in the 4th 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 period. Finally, Champlain Investment Partners LLC increased its position 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 buying an additional 283,540 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the sale, the chief executive officer now owns 358,569 shares of the company’s stock, valued at $71,828,542.08. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction dated 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 represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,248 shares of company stock worth $2,052,879. Insiders own 18.10% 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.