Zscaler (NASDAQ:ZS) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Zscaler (NASDAQ:ZS) had its price target raised by Deutsche Bank Aktiengesellschaft from $200.00 to $225.00 in a report released on Tuesday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Barclays boosted their price objective on Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Loop Capital dropped their price target on Zscaler from $180.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Scotiabank decreased their price objective on Zscaler from $210.00 to $195.00 and set a “sector outperform” rating on the stock in a report on Wednesday, September 4th. Susquehanna reaffirmed a “positive” rating and set a $210.00 target price on shares of Zscaler in a report on Thursday, September 5th. Finally, Citigroup decreased their price target on shares of Zscaler from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Zscaler has an average rating of “Moderate Buy” and a consensus price target of $224.38.

Zscaler Trading Down 4.7 %

Shares of NASDAQ:ZS opened at $198.64 on Tuesday. The business’s 50 day moving average price is $190.79 and its 200-day moving average price is $185.01. Zscaler has a 1 year low of $153.45 and a 1 year high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.80%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share. Research analysts predict that Zscaler will post -0.95 EPS for the current year.

Insider Transactions at Zscaler

In other news, insider Michael J. Rich sold 4,813 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $824,370.64. Following the sale, the insider now owns 103,259 shares of the company’s stock, valued at approximately $17,686,201.52. This represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of Zscaler stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $488,490.56. Following the completion of the transaction, the chief executive officer now owns 361,432 shares of the company’s stock, valued at $61,906,072.96. This trade represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,502 shares of company stock worth $5,256,651. 18.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zscaler

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in shares of Zscaler by 11.8% during the first quarter. Janus Henderson Group PLC now owns 9,121 shares of the company’s stock worth $1,757,000 after buying an additional 963 shares in the last quarter. Tidal Investments LLC grew its holdings in Zscaler by 7.4% during the 1st quarter. Tidal Investments LLC now owns 4,938 shares of the company’s stock worth $951,000 after acquiring an additional 341 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Zscaler by 895.1% in the 1st quarter. Cetera Investment Advisers now owns 31,395 shares of the company’s stock valued at $6,048,000 after purchasing an additional 28,240 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of Zscaler by 146.7% in the 1st quarter. Cetera Advisors LLC now owns 8,079 shares of the company’s stock valued at $1,556,000 after purchasing an additional 4,804 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Zscaler by 21.3% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other 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.