Zscaler, Inc. (NASDAQ:ZS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Zscaler, Inc. (NASDAQ:ZS) have been assigned a consensus rating of “Moderate Buy” from the thirty-four analysts that are covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and twenty-three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $224.84.

ZS has been the topic of several research analyst reports. Barclays boosted their price objective on Zscaler from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Stifel Nicolaus increased their target price on shares of Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and issued a $240.00 price target on shares of Zscaler in a research note on Tuesday, December 3rd. Cantor Fitzgerald upgraded Zscaler to a “hold” rating in a research note on Monday, November 18th. Finally, BMO Capital Markets boosted their target price on Zscaler from $197.00 to $222.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd.

Insiders Place Their Bets

In other news, insider Robert Schlossman sold 1,435 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now directly owns 105,806 shares in the company, valued at $19,224,950.20. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the sale, the chief executive officer now owns 358,569 shares in the company, valued at approximately $71,828,542.08. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,683 shares of company stock worth $2,313,619. 18.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new position in shares of Zscaler during the 2nd quarter worth about $28,000. Prestige Wealth Management Group LLC acquired a new position in shares of Zscaler in the 3rd quarter valued at $31,000. True Wealth Design LLC grew its stake in shares of Zscaler by 18,500.0% during the 3rd quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after buying an additional 185 shares during the period. Asset Dedication LLC increased its holdings in shares of Zscaler by 436.8% during the 2nd quarter. Asset Dedication LLC now owns 204 shares of the company’s stock worth $39,000 after buying an additional 166 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Zscaler in the 3rd quarter worth $38,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Stock Performance

ZS opened at $183.13 on Tuesday. Zscaler has a one year low of $153.45 and a one year high of $259.61. The stock has a market capitalization of $28.10 billion, a PE ratio of -732.52 and a beta of 0.82. The business’s 50 day moving average price is $196.91 and its 200 day moving average price is $187.98.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The firm had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. During the same period last year, the company earned ($0.18) EPS. The company’s quarterly revenue was up 26.4% on a year-over-year basis. As a group, equities research analysts forecast that Zscaler will post -0.24 earnings per share for the current fiscal year.

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.