Zscaler (NASDAQ:ZS) Trading Up 2%

Zscaler, Inc. (NASDAQ:ZS) shares were up 2% during mid-day trading on Friday . The company traded as high as $186.00 and last traded at $184.66. Approximately 1,013,696 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 2,248,187 shares. The stock had previously closed at $181.05.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ZS shares. Oppenheimer reissued an “outperform” rating and issued a $260.00 price objective (down previously from $290.00) on shares of Zscaler in a report on Friday, May 31st. Royal Bank of Canada increased their target price on shares of Zscaler from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. UBS Group lowered their target price on shares of Zscaler from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Morgan Stanley lowered their target price on shares of Zscaler from $214.00 to $202.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Finally, The Goldman Sachs Group increased their target price on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Six investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.21.

Zscaler Trading Up 1.8 %

The company has a quick ratio of 1.98, a current ratio of 1.75 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $176.12 and its two-hundred day simple moving average is $203.90. The company has a market cap of $27.84 billion, a price-to-earnings ratio of -361.22 and a beta of 0.85.

Insider Transactions at Zscaler

In other news, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the transaction, the chief financial officer now directly owns 255,943 shares in the company, valued at $49,435,390.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Remo Canessa sold 7,707 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the transaction, the chief financial officer now directly owns 255,943 shares in the company, valued at $49,435,390.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Syam Nair sold 2,893 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the transaction, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,715 shares of company stock worth $2,455,902. Insiders own 19.20% of the company’s stock.

Hedge Funds Weigh In On Zscaler

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in shares of Zscaler during the 4th quarter worth $29,000. Parkside Financial Bank & Trust boosted its position in shares of Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Zscaler during the 4th quarter worth $37,000. Quadrant Capital Group LLC boosted its position in shares of Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 109 shares in the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

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.