Brokerages Set Zscaler, Inc. (NASDAQ:ZS) PT at $224.84

Shares of Zscaler, Inc. (NASDAQ:ZS) have earned an average recommendation of “Moderate Buy” from the thirty-four brokerages that are presently covering the company, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and twenty-three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $224.84.

ZS has been the topic of several analyst reports. Morgan Stanley reduced their price objective on Zscaler from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 3rd. BMO Capital Markets increased their price target on shares of Zscaler from $197.00 to $222.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Barclays lifted their target price on Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. BNP Paribas initiated coverage on shares of Zscaler in a research report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on Zscaler from $180.00 to $190.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th.

Zscaler Price Performance

Shares of Zscaler stock opened at $187.58 on Friday. The stock has a market capitalization of $28.78 billion, a price-to-earnings ratio of -750.32 and a beta of 0.87. The business has a 50-day moving average of $196.20 and a 200 day moving average of $187.91. Zscaler has a 12 month low of $153.45 and a 12 month high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS 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 business had revenue of $628.00 million during the quarter, compared to analyst estimates of $605.51 million. During the same quarter last year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. Equities research analysts anticipate that Zscaler will post -0.16 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jagtar Singh Chaudhry sold 2,863 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 value of $573,516.16. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Syam Nair sold 3,682 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now owns 142,866 shares in the company, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,248 shares of company stock valued at $2,052,879. Corporate insiders own 18.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ZS. KRS Capital Management LLC grew its position in Zscaler by 1.9% during the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after acquiring an additional 60 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Zscaler by 8.6% in the second quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock valued at $149,000 after buying an additional 66 shares in the last quarter. American Trust boosted its holdings in Zscaler by 6.1% in the 2nd quarter. American Trust now owns 1,210 shares of the company’s stock worth $233,000 after acquiring an additional 70 shares during the period. GAMMA Investing LLC grew its position in Zscaler by 18.5% in the fourth quarter. GAMMA Investing LLC now owns 448 shares of the company’s stock valued at $81,000 after acquiring an additional 70 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Zscaler by 50.7% during the fourth 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 period. Institutional investors and hedge funds 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.