Zscaler, Inc. (NASDAQ:ZS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Zscaler, Inc. (NASDAQ:ZS) have received a consensus rating of “Moderate Buy” from the thirty-four research firms that are presently covering the stock, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $224.84.

A number of brokerages have recently commented on ZS. Susquehanna boosted their price target on Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a report on Tuesday, December 3rd. Guggenheim restated a “neutral” rating on shares of Zscaler in a research note on Tuesday, December 3rd. BNP Paribas began coverage on Zscaler in a research report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 price target for the company. Morgan Stanley cut their price objective on shares of Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 3rd. Finally, Cantor Fitzgerald raised shares of Zscaler to a “hold” rating in a research report on Monday, November 18th.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 358,569 shares in the company, valued at approximately $71,828,542.08. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock worth $2,052,879 in the last quarter. 18.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Zscaler

Several large investors have recently bought and sold shares of the business. Avior Wealth Management LLC lifted its stake in Zscaler by 50.7% in the 4th quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock valued at $39,000 after purchasing an additional 72 shares during the last quarter. MBM Wealth Consultants LLC bought a new position in shares of Zscaler in the 4th quarter valued at $371,000. Red Spruce Capital LLC boosted its holdings in shares of Zscaler by 1.4% during the 4th quarter. Red Spruce Capital LLC now owns 16,015 shares of the company’s stock valued at $2,889,000 after acquiring an additional 221 shares in the last quarter. Perpetual Ltd acquired a new position in Zscaler in the 4th quarter worth about $814,000. Finally, Lmcg Investments LLC raised its position in Zscaler by 12.2% in the fourth quarter. Lmcg Investments LLC now owns 14,845 shares of the company’s stock valued at $2,678,000 after purchasing an additional 1,616 shares during the last quarter. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Performance

Shares of ZS opened at $187.58 on Friday. The stock has a 50 day simple moving average of $196.44 and a 200 day simple moving average of $188.12. Zscaler has a 52-week low of $153.45 and a 52-week high of $259.61. The firm has a market capitalization of $28.78 billion, a PE ratio of -750.32 and a beta of 0.87.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Monday, December 2nd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. During the same quarter in the prior year, the company earned ($0.18) earnings per share. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. Equities research analysts predict that Zscaler will post -0.16 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.