Zscaler (NASDAQ:ZS) Upgraded at Roth Capital (2025)

Roth Capital upgraded shares of Zscaler (NASDAQ:ZS – Free Report) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other research firms also recently issued reports on ZS. The Goldman Sachs Group set a $207.00 price target on Zscaler and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Citigroup restated a “buy” rating and issued a $240.00 price target (up previously from $235.00) on shares of Zscaler in a report on Wednesday, March 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $244.00 price objective on shares of Zscaler in a research note on Thursday, March 6th. Needham & Company LLC reissued a “buy” rating and issued a $240.00 price objective on shares of Zscaler in a research note on Wednesday, March 5th. Finally, Mizuho lifted their price target on Zscaler from $210.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $234.16.

Read Our Latest Stock Analysis on Zscaler

Zscaler Trading Up 4.8 %

NASDAQ ZS opened at $210.14 on Tuesday. The stock has a market cap of $32.51 billion, a PE ratio of -840.56 and a beta of 1.12. Zscaler has a 12 month low of $153.45 and a 12 month high of $217.84. The company’s 50-day moving average price is $199.33 and its 200-day moving average price is $197.03.

Insider Activity

In other news, insider Robert Schlossman sold 2,878 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $573,153.70. Following the transaction, the insider now owns 107,587 shares of the company’s stock, valued at $21,425,951.05. This represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Remo Canessa sold 3,721 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $741,037.15. Following the sale, the chief financial officer now directly owns 213,702 shares of the company’s stock, valued at $42,558,753.30. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 209,234 shares of company stock worth $42,030,790 over the last ninety days. Corporate insiders own 18.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Zscaler in the 3rd quarter valued at approximately $38,000. Tidal Investments LLC boosted its stake in shares of Zscaler by 278.9% in the 3rd quarter. Tidal Investments LLC now owns 34,098 shares of the company’s stock valued at $5,829,000 after buying an additional 25,099 shares during the period. Versant Capital Management Inc grew its position in shares of Zscaler by 136.8% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $32,000 after buying an additional 104 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Zscaler by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock worth $81,000 after buying an additional 70 shares during the period. Finally, Modus Advisors LLC purchased a new position in Zscaler in the fourth quarter worth approximately $36,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Company Profile

(Get Free Report)

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.

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