Barclays Issues Positive Forecast for Zscaler (NASDAQ:ZS) Stock Price

Zscaler (NASDAQ:ZS) had its price target upped by Barclays from $290.00 to $300.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC lifted their target price on shares of Zscaler from $240.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. boosted their price objective on shares of Zscaler from $292.00 to $348.00 and gave the stock an “overweight” rating in a research report on Monday, June 16th. Piper Sandler restated a “neutral” rating and issued a $260.00 price objective (up previously from $235.00) on shares of Zscaler in a research report on Friday, May 30th. Morgan Stanley boosted their price objective on shares of Zscaler from $200.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Friday, May 30th. Finally, Guggenheim restated a “neutral” rating on shares of Zscaler in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Zscaler presently has an average rating of “Moderate Buy” and a consensus price target of $297.12.

Zscaler Trading Down 1.0%

NASDAQ:ZS opened at $269.66 on Monday. Zscaler has a 1 year low of $153.45 and a 1 year high of $318.46. The firm has a 50 day moving average of $291.66 and a 200-day moving average of $247.59. The stock has a market capitalization of $41.99 billion, a P/E ratio of -1,037.15, a price-to-earnings-growth ratio of 290.68 and a beta of 1.06.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, May 29th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The company had revenue of $678.03 million during the quarter, compared to analysts’ expectations of $667.13 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. Zscaler’s quarterly revenue was up 22.6% compared to the same quarter last year. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. As a group, analysts forecast that Zscaler will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Adam Geller sold 3,662 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $306.72, for a total value of $1,123,208.64. Following the completion of the transaction, the insider owned 46,813 shares of the company’s stock, valued at $14,358,483.36. The trade was a 7.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Ajay Mangal sold 120,000 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $300.89, for a total transaction of $36,106,800.00. Following the completion of the transaction, the insider directly owned 2,550,210 shares of the company’s stock, valued at $767,332,686.90. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,256 shares of company stock worth $50,618,544 over the last ninety days. Insiders own 18.10% of the company’s stock.

Hedge Funds Weigh In On Zscaler

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZS. ORG Partners LLC boosted its stake in Zscaler by 284.8% in the 1st quarter. ORG Partners LLC now owns 127 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares during the period. SVB Wealth LLC acquired a new position in Zscaler in the 1st quarter worth $26,000. Colonial Trust Co SC acquired a new position in Zscaler in the 4th quarter worth $28,000. Goodman Advisory Group LLC acquired a new position in Zscaler in the 1st quarter worth $29,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Zscaler in the 1st quarter worth $29,000. 46.45% of the stock is owned by institutional investors and hedge funds.

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.