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

Zscaler, Inc. (NASDAQ:ZS) has been given a consensus recommendation of “Moderate Buy” by the thirty-four research firms that are presently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $218.39.

ZS has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Loop Capital cut their price objective on shares of Zscaler from $180.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Rosenblatt Securities reissued a “neutral” rating and issued a $190.00 target price on shares of Zscaler in a research note on Wednesday, September 4th. Robert W. Baird cut their price target on shares of Zscaler from $260.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, September 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Zscaler from $182.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 4th.

Insider Transactions at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the completion of the sale, the chief executive officer now owns 361,432 shares of the company’s stock, valued at $61,906,072.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total value 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. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Remo Canessa sold 8,455 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the sale, the chief financial officer now directly owns 231,793 shares in the company, valued at $39,701,505.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,120 shares of company stock valued at $2,761,034. Corporate insiders own 19.20% of the company’s stock.

Institutional Investors Weigh In On Zscaler

A number of large investors have recently bought and sold shares of ZS. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Zscaler during the second quarter valued at $2,644,000. American Trust lifted its holdings in shares of Zscaler by 6.1% in the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock valued at $233,000 after buying an additional 70 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in shares of Zscaler by 5.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,790 shares of the company’s stock worth $344,000 after buying an additional 100 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Zscaler during the second quarter worth about $1,328,000. Finally, Truist Financial Corp raised its position in Zscaler by 137.3% during the second quarter. Truist Financial Corp now owns 2,572 shares of the company’s stock valued at $494,000 after acquiring an additional 1,488 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Up 0.1 %

Shares of ZS stock opened at $172.71 on Friday. The stock has a market cap of $26.10 billion, a P/E ratio of -338.65 and a beta of 0.82. The company’s fifty day simple moving average is $181.28 and its two-hundred day simple moving average is $182.97. Zscaler has a 52 week low of $146.59 and a 52 week high of $259.61.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Tuesday, September 3rd. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.18. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The company had revenue of $592.90 million during the quarter, compared to analyst estimates of $567.46 million. During the same period in the prior year, the company earned ($0.17) earnings per share. The firm’s revenue was up 30.3% on a year-over-year basis. On average, analysts anticipate that Zscaler will post -0.92 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.