Zscaler (NASDAQ:ZS) Price Target Raised to $225.00 at Susquehanna

Zscaler (NASDAQ:ZS) had its target price hoisted by Susquehanna from $210.00 to $225.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a positive rating on the stock.

ZS has been the topic of a number of other reports. KeyCorp boosted their price objective on Zscaler from $220.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Loop Capital lowered their price target on 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 reiterated a “neutral” rating and issued a $190.00 price target on shares of Zscaler in a research report on Wednesday, September 4th. Scotiabank upped their price target on Zscaler from $195.00 to $205.00 and gave the company a “sector outperform” rating in a research report on Tuesday. Finally, UBS Group lowered their price target on Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Eleven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $224.84.

Zscaler Stock Performance

ZS opened at $205.61 on Tuesday. The business has a 50 day moving average price of $191.98 and a 200 day moving average price of $185.29. Zscaler has a twelve month low of $153.45 and a twelve month high of $259.61. The firm has a market cap of $31.55 billion, a P/E ratio of -825.44 and a beta of 0.82.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative return on equity of 0.80% and a negative net margin of 1.58%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) EPS. As a group, analysts anticipate that Zscaler will post -0.95 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In related news, insider Robert Schlossman sold 1,435 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,852 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 $488,490.56. Following the sale, the chief executive officer now owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock worth $5,256,651 in the last 90 days. Company insiders own 18.10% of the company’s stock.

Institutional Trading of Zscaler

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Champlain Investment Partners LLC grew its stake in shares of Zscaler by 28.2% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,289,350 shares of the company’s stock valued at $220,401,000 after acquiring an additional 283,540 shares during the period. International Assets Investment Management LLC grew its stake in shares of Zscaler by 13,498.6% during the 3rd quarter. International Assets Investment Management LLC now owns 285,299 shares of the company’s stock valued at $48,769,000 after acquiring an additional 283,201 shares during the period. GuoLine Advisory Pte Ltd bought a new position in shares of Zscaler during the 3rd quarter valued at approximately $32,660,000. Massachusetts Financial Services Co. MA bought a new position in shares of Zscaler during the 2nd quarter valued at approximately $25,287,000. Finally, Westfield Capital Management Co. LP grew its stake in shares of Zscaler by 33.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 399,516 shares of the company’s stock valued at $68,293,000 after acquiring an additional 100,814 shares during the period. Hedge funds and other institutional investors 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.