Zscaler, Inc. (NASDAQ:ZS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Zscaler, Inc. (NASDAQ:ZS) has earned a consensus recommendation of “Moderate Buy” from the thirty-four brokerages that are covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $224.84.

A number of equities analysts have recently commented on ZS shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. BTIG Research upped their price target on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald raised Zscaler to a “hold” rating in a research note on Monday, November 18th. Barclays lifted 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. Finally, Susquehanna increased their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research report on Tuesday, December 3rd.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 1,435 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the sale, the insider now directly owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the sale, the insider now owns 142,866 shares in the company, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,630 shares of company stock worth $3,155,697 over the last ninety days. 18.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zscaler

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

Zscaler Stock Down 0.8 %

Shares of ZS stock opened at $185.94 on Tuesday. Zscaler has a twelve month low of $153.45 and a twelve month high of $259.61. The stock’s fifty day simple moving average is $197.50 and its 200 day simple moving average is $187.90. The firm has a market capitalization of $28.53 billion, a P/E ratio of -743.76 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $628.00 million for the quarter, compared to analysts’ expectations of $605.51 million. During the same period in the previous year, the business posted ($0.18) earnings per share. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. As a group, equities research analysts expect that Zscaler will post -0.24 EPS 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.