Cantor Fitzgerald Decreases Earnings Estimates for Zscaler

Zscaler, Inc. (NASDAQ:ZS) – Research analysts at Cantor Fitzgerald cut their FY2025 earnings estimates for 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 estimate 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 equities analysts have also recently weighed in on ZS. Piper Sandler raised their target price on shares of Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Morgan Stanley lowered their price objective on shares of Zscaler from $215.00 to $205.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 3rd. Bank of America upgraded shares of Zscaler from a “neutral” rating to a “buy” rating and increased their price objective for the company from $215.00 to $240.00 in a research report on Friday. Citigroup reiterated a “buy” rating and set a $240.00 price objective (up previously from $235.00) on shares of Zscaler in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, Zscaler currently has an average rating of “Moderate Buy” and an average target price of $233.88.

Zscaler Stock Performance

ZS opened at $194.69 on Monday. The stock has a market capitalization of $29.87 billion, a price-to-earnings ratio of -778.76 and a beta of 0.88. The company has a fifty day moving average of $197.02 and a 200 day moving average of $191.62. Zscaler has a fifty-two week low of $153.45 and a fifty-two week high of $217.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its position in Zscaler by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company’s stock worth $298,710,000 after purchasing an additional 32,545 shares during the last quarter. Pictet Asset Management Holding SA grew its position 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 last quarter. Champlain Investment Partners LLC grew its position in Zscaler by 28.2% during the 3rd 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 last quarter. AQR Capital Management LLC grew its position in Zscaler by 120.1% during the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company’s stock worth $173,921,000 after purchasing an additional 525,956 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Zscaler by 30.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company’s stock worth $156,739,000 after purchasing an additional 204,996 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Insider Buying and Selling at Zscaler

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

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.