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

Shares of Zscaler, Inc. (NASDAQ:ZS) have received an average recommendation of “Moderate Buy” from the thirty-four analysts that are covering the firm, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $225.47.

ZS has been the subject of a number of analyst reports. Piper Sandler upped their price objective on shares of Zscaler from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Citigroup upped their price objective on shares of Zscaler from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Loop Capital decreased their price objective on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a research report on Tuesday, December 3rd. Finally, Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a research report on Monday, November 18th.

Insiders Place Their Bets

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the business’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 transaction, the chief executive officer now owns 358,569 shares in the company, valued at $71,828,542.08. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Syam Nair sold 3,682 shares of the business’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 $737,578.24. Following the completion of the transaction, the insider now owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,248 shares of company stock worth $2,052,879 over the last 90 days. Corporate insiders own 18.10% of the company’s stock.

Institutional Investors Weigh In On Zscaler

Several institutional investors have recently modified their holdings of the company. KRS Capital Management LLC lifted its position in shares of Zscaler by 1.9% during the 4th quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock worth $588,000 after purchasing an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 66 shares during the last quarter. American Trust lifted its position in Zscaler by 6.1% in the second quarter. American Trust now owns 1,210 shares of the company’s stock valued at $233,000 after acquiring an additional 70 shares during the last quarter. GAMMA Investing LLC lifted 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 during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Zscaler by 50.7% in the fourth quarter. Avior Wealth Management LLC now owns 214 shares of the company’s stock valued at $39,000 after acquiring an additional 72 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Performance

NASDAQ:ZS opened at $192.93 on Friday. Zscaler has a one year low of $153.45 and a one year high of $259.61. The firm has a market cap of $29.60 billion, a price-to-earnings ratio of -771.72 and a beta of 0.87. The firm’s fifty day moving average is $195.52 and its two-hundred day moving average is $187.88.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results 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 company had revenue of $628.00 million for the quarter, compared to analyst estimates of $605.51 million. During the same period in the prior year, the company earned ($0.18) earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. As a group, equities research analysts predict that Zscaler will post -0.16 earnings per share for the current fiscal year.

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.