Zscaler (NASDAQ:ZS) Coverage Initiated by Analysts at B. Riley

B. Riley initiated coverage on shares of Zscaler (NASDAQ:ZS) in a report released on Tuesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $275.00 price target on the stock.

ZS has been the subject of several other reports. Roth Capital reissued a “neutral” rating on shares of Zscaler in a research report on Wednesday, May 28th. BTIG Research reissued a “buy” rating on shares of Zscaler in a research report on Thursday, July 10th. BMO Capital Markets upped their price target on shares of Zscaler from $233.00 to $295.00 and gave the company an “outperform” rating in a research note on Friday, May 30th. Wedbush raised their price target on shares of Zscaler from $240.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, May 30th. Finally, Wells Fargo & Company upgraded shares of Zscaler from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $260.00 to $385.00 in a research report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Zscaler has an average rating of “Moderate Buy” and an average price target of $296.49.

Zscaler Stock Performance

Shares of NASDAQ:ZS opened at $267.68 on Tuesday. Zscaler has a 52-week low of $153.45 and a 52-week high of $318.46. The company has a market capitalization of $41.68 billion, a P/E ratio of -1,029.54, a price-to-earnings-growth ratio of 287.64 and a beta of 1.06. The company has a 50-day simple moving average of $290.87 and a 200 day simple moving average of $247.73.

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 the consensus estimate of $0.76 by $0.08. The firm had revenue of $678.03 million for the quarter, compared to analysts’ expectations of $667.13 million. Zscaler had a negative net margin of 1.52% and a negative return on equity of 0.59%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Zscaler has set its FY 2025 guidance at 3.180-3.19 EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that Zscaler will post -0.1 earnings per share for the current year.

Insider Buying and Selling at Zscaler

In related news, insider Adam Geller sold 3,662 shares of Zscaler stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $306.72, for a total transaction of $1,123,208.64. Following the sale, the insider directly owned 46,813 shares in the company, valued at $14,358,483.36. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 3,174 shares of Zscaler stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $305.07, for a total value of $968,292.18. Following the transaction, the insider directly owned 88,970 shares in the company, valued at approximately $27,142,077.90. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 168,256 shares of company stock valued at $50,618,544. Corporate insiders own 18.10% of the company’s stock.

Institutional Investors Weigh In On Zscaler

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