Brokerages Set Zscaler, Inc. (NASDAQ:ZS) PT at $225.21

Shares of Zscaler, Inc. (NASDAQ:ZS) have been assigned a consensus rating of “Moderate Buy” from the thirty-four research firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $225.21.

Several equities research analysts have weighed in on ZS shares. Mizuho reduced their price objective on Zscaler from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. UBS Group lowered their target price on Zscaler from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, May 29th. Royal Bank of Canada upped their target price on Zscaler from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Barclays increased their price objective on Zscaler from $205.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Finally, Truist Financial reiterated a “buy” rating and set a $260.00 price objective on shares of Zscaler in a report on Monday, April 1st.

Zscaler Trading Down 0.0 %

Shares of NASDAQ ZS opened at $201.63 on Tuesday. The business’s 50 day moving average is $179.67 and its two-hundred day moving average is $201.71. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75. Zscaler has a 1-year low of $131.59 and a 1-year high of $259.61. The stock has a market capitalization of $30.48 billion, a P/E ratio of -395.35 and a beta of 0.85.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Thursday, May 30th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.39. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. The company had revenue of $553.20 million for the quarter, compared to analysts’ expectations of $535.55 million. As a group, research analysts expect that Zscaler will post -0.34 EPS for the current year.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 4,689 shares of Zscaler stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $180.93, for a total value of $848,380.77. Following the completion of the transaction, the chief financial officer now owns 251,467 shares in the company, valued at approximately $45,497,924.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 19.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zscaler

Several institutional investors have recently bought and sold shares of ZS. Jones Financial Companies Lllp acquired a new stake in Zscaler in the 4th quarter worth about $29,000. Parkside Financial Bank & Trust boosted its holdings in shares of Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Zscaler during the 4th quarter worth approximately $37,000. Quadrant Capital Group LLC boosted its holdings in shares of Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after purchasing an additional 70 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Zscaler by 109.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after purchasing an additional 109 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

About Zscaler

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.