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 note issued to investors on Tuesday,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.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their target price on shares of Zscaler from $190.00 to $210.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. lifted their target price on shares of Zscaler from $240.00 to $250.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Wedbush lifted their price target on shares of Zscaler from $230.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, March 6th. UBS Group upped their price objective on Zscaler from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Mizuho lifted their price objective on shares of Zscaler from $210.00 to $225.00 and gave the stock a "neutral" rating in a research note 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 issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $234.16.

Zscaler Stock Up 2.6 %

ZS traded up $5.44 during midday trading on Tuesday, reaching $215.58. The company had a trading volume of 2,884,983 shares, compared to its average volume of 1,992,800. Zscaler has a 1 year low of $153.45 and a 1 year high of $217.84. The company has a market cap of $33.36 billion, a P/E ratio of -862.32 and a beta of 1.12. The business has a 50-day moving average of $199.30 and a two-hundred day moving average of $197.37.

Insider Activity

In other Zscaler news, major shareholder Ajay Mangal sold 190,480 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now owns 2,580,210 shares of the company's stock, valued at approximately $517,822,344.90. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 2,878 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $573,153.70. Following the transaction, the insider now owns 107,587 shares in the company, valued at approximately $21,425,951.05. This trade represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 209,234 shares of company stock worth $42,030,790. Corporate insiders own 18.10% of the company's stock.

Institutional Trading of Zscaler

Institutional investors and hedge funds have recently bought and sold shares of the business. Koshinski Asset Management Inc. lifted its holdings in Zscaler by 2.6% in the first quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company's stock valued at $556,000 after acquiring an additional 70 shares during the period. Amalgamated Bank boosted its holdings in Zscaler by 9.7% during the first quarter. Amalgamated Bank now owns 6,718 shares of the company's stock worth $1,333,000 after buying an additional 596 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in Zscaler during the first quarter valued at $29,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Zscaler by 7.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 240,292 shares of the company's stock worth $47,679,000 after purchasing an additional 15,644 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Zscaler by 11.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,232 shares of the company's stock valued at $10,198,000 after purchasing an additional 5,228 shares during the period. 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.