Analysts Set Zscaler, Inc. (NASDAQ:ZS) Target Price at $216.73

Shares of Zscaler, Inc. (NASDAQ:ZS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirty-four research firms that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $216.73.

ZS has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on Zscaler from $202.00 to $215.00 and gave the stock an "equal weight" rating in a report on Monday, August 26th. Cantor Fitzgerald cut their price objective on shares of Zscaler from $200.00 to $170.00 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Scotiabank reduced their price objective on shares of Zscaler from $210.00 to $195.00 and set a "sector outperform" rating for the company in a research note on Wednesday, September 4th. Loop Capital lowered their target price on shares of Zscaler from $180.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. Finally, Raymond James started coverage on shares of Zscaler in a research report on Tuesday, July 23rd. They set a "market perform" rating for the company.

Zscaler Stock Performance

ZS traded up $2.31 during midday trading on Monday, reaching $184.90. The company had a trading volume of 830,887 shares, compared to its average volume of 2,047,999. Zscaler has a 12-month low of $153.45 and a 12-month high of $259.61. The business has a 50-day moving average price of $179.63 and a two-hundred day moving average price of $180.95. The stock has a market cap of $28.20 billion, a PE ratio of -462.24 and a beta of 0.82.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The firm had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. During the same period in the previous year, the company posted ($0.17) earnings per share. The business's revenue was up 30.3% on a year-over-year basis. On average, research analysts anticipate that Zscaler will post -0.95 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the sale, the insider now directly owns 105,806 shares in the company, valued at $19,224,950.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Robert Schlossman sold 1,435 shares of Zscaler stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $181.70, for a total transaction of $260,739.50. Following the completion of the transaction, the insider now directly owns 105,806 shares of the company's stock, valued at $19,224,950.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,852 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the completion of the sale, the chief executive officer now owns 361,432 shares in the company, valued at approximately $61,906,072.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock worth $5,256,651 over the last three months. Company insiders own 19.20% of the company's stock.

Institutional Trading of Zscaler

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Zscaler by 13,498.6% during the third quarter. International Assets Investment Management LLC now owns 285,299 shares of the company's stock valued at $48,769,000 after purchasing an additional 283,201 shares in the last quarter. Quadrature Capital Ltd bought a new position in Zscaler during the 1st quarter valued at about $47,217,000. GuoLine Advisory Pte Ltd purchased a new stake in shares of Zscaler during the 3rd quarter valued at about $32,660,000. Jupiter Asset Management Ltd. bought a new stake in shares of Zscaler in the first quarter worth approximately $27,954,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Zscaler during the second quarter valued at approximately $25,287,000. 46.45% of the stock is currently owned by institutional investors.

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.