Zscaler (NASDAQ:ZS) Stock Price Up 1.3%

Zscaler, Inc. (NASDAQ:ZS - Get Free Report) shares shot up 1.3% during trading on Friday . The company traded as high as $193.96 and last traded at $191.61. 737,750 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 2,247,601 shares. The stock had previously closed at $189.20.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZS. Mizuho dropped their target price on Zscaler from $240.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, May 31st. Wedbush boosted their target price on shares of Zscaler from $250.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. Macquarie reissued an "outperform" rating and set a $245.00 price target on shares of Zscaler in a report on Tuesday, March 19th. Needham & Company LLC reaffirmed a "strong-buy" rating and issued a $290.00 price objective on shares of Zscaler in a report on Friday, June 14th. Finally, JMP Securities reissued a "market outperform" rating and set a $270.00 target price on shares of Zscaler in a research note on Monday, June 17th. Six equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Zscaler has a consensus rating of "Moderate Buy" and an average target price of $225.21.

Zscaler Trading Up 1.6 %

The stock has a market cap of $29.05 billion, a PE ratio of -375.71 and a beta of 0.85. The company's 50-day moving average price is $176.43 and its 200 day moving average price is $202.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.75 and a current ratio of 1.75.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Thursday, May 30th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.39. The business had revenue of $553.20 million for the quarter, compared to analyst estimates of $535.55 million. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. On average, sell-side analysts forecast that Zscaler, Inc. will post -0.34 EPS for the current fiscal year.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 7,981 shares of the business's stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total value of $1,414,313.01. Following the sale, the chief financial officer now owns 243,486 shares in the company, valued at approximately $43,148,154.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ZS. Jones Financial Companies Lllp acquired a new stake in Zscaler in the 4th quarter valued at about $29,000. GAMMA Investing LLC acquired a new stake in Zscaler in the fourth quarter valued at approximately $37,000. Parkside Financial Bank & Trust lifted its stake in Zscaler by 582.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company's stock worth $35,000 after acquiring an additional 134 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Zscaler by 66.7% in the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company's stock valued at $39,000 after purchasing an additional 70 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Zscaler by 109.0% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company's stock valued at $46,000 after purchasing an additional 109 shares in the last quarter. 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.