Roth Capital Upgrades Zscaler (NASDAQ:ZS) to "Hold"

Roth Capital upgraded shares of Zscaler (NASDAQ:ZS - Free Report) to a hold rating in a research report released on Tuesday, April 22nd,Zacks.com reports. Roth Capital also issued estimates for Zscaler's Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.20) EPS, FY2025 earnings at ($0.41) EPS, Q1 2026 earnings at ($0.11) EPS, Q2 2026 earnings at ($0.11) EPS, Q3 2026 earnings at ($0.05) EPS, Q4 2026 earnings at ($0.11) EPS and FY2026 earnings at ($0.39) EPS.

ZS has been the subject of a number of other reports. Scotiabank reiterated a "sector outperform" rating and issued a $242.00 target price (up from $225.00) on shares of Zscaler in a report on Wednesday, March 5th. Morgan Stanley dropped their target price on Zscaler from $205.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group set a $207.00 price objective on Zscaler and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Stephens assumed coverage on Zscaler in a research report on Tuesday, April 1st. They set an "overweight" rating and a $255.00 price objective on the stock. Finally, BTIG Research set a $252.00 price objective on Zscaler and gave the stock a "buy" rating in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $236.66.

Zscaler Price Performance

Zscaler stock traded up $2.14 during trading hours on Tuesday, reaching $222.00. The stock had a trading volume of 1,052,173 shares, compared to its average volume of 1,992,867. The company has a market cap of $34.35 billion, a price-to-earnings ratio of -888.00 and a beta of 1.12. The business's 50 day moving average price is $199.41 and its 200-day moving average price is $197.54. Zscaler has a 52 week low of $153.45 and a 52 week high of $223.39.

Insider Transactions at Zscaler

In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $200.69, for a total value of $38,227,431.20. Following the transaction, the insider now directly owns 2,580,210 shares of the company's stock, valued at $517,822,344.90. This represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew William Fraser Brown sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $206.00, for a total value of $2,060,000.00. Following the sale, the director now directly owns 27,216 shares in the company, valued at approximately $5,606,496. This represents a 26.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,234 shares of company stock worth $42,030,790 in the last ninety days. Insiders own 18.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of Zscaler by 120.1% in the fourth quarter. AQR Capital Management LLC now owns 964,031 shares of the company's stock worth $173,921,000 after acquiring an additional 525,956 shares in the last quarter. Natixis purchased a new position in Zscaler during the fourth quarter valued at approximately $87,775,000. Greenvale Capital LLP purchased a new position in Zscaler during the fourth quarter valued at approximately $72,164,000. Pictet Asset Management Holding SA grew its position in Zscaler by 25.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company's stock valued at $291,935,000 after purchasing an additional 332,307 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Zscaler by 148.7% during the first quarter. Assenagon Asset Management S.A. now owns 474,431 shares of the company's stock valued at $94,137,000 after purchasing an additional 283,637 shares in the last quarter. Institutional investors own 46.45% 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.