Zscaler, Inc. (NASDAQ:ZS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Zscaler, Inc. (NASDAQ:ZS - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirty-four analysts that are presently covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $224.84.

ZS has been the topic of several recent analyst reports. Scotiabank lifted their price objective on shares of Zscaler from $195.00 to $205.00 and gave the company a "sector outperform" rating in a research report on Tuesday, December 3rd. Piper Sandler raised their price objective on Zscaler from $215.00 to $235.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. lifted their price objective on Zscaler from $220.00 to $240.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Robert W. Baird decreased their target price on shares of Zscaler from $260.00 to $225.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 4th. Finally, Morgan Stanley dropped their price target on Zscaler from $215.00 to $205.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 3rd.

Insider Buying and Selling

In related news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now owns 358,569 shares in the company, valued at approximately $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 4,947 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $170.22, for a total value of $842,078.34. Following the completion of the transaction, the insider now owns 107,241 shares of the company's stock, valued at $18,254,563.02. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,630 shares of company stock worth $3,155,697 in the last three months. Corporate insiders own 18.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ZS. Tidal Investments LLC raised its holdings in Zscaler by 278.9% in the third quarter. Tidal Investments LLC now owns 34,098 shares of the company's stock valued at $5,829,000 after buying an additional 25,099 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Zscaler in the 3rd quarter valued at about $38,000. Sanctuary Advisors LLC grew its stake in shares of Zscaler by 48.1% during the third quarter. Sanctuary Advisors LLC now owns 11,107 shares of the company's stock valued at $1,899,000 after acquiring an additional 3,608 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Zscaler by 103.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 41,026 shares of the company's stock worth $7,013,000 after acquiring an additional 20,900 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in Zscaler by 50.1% in the third quarter. Coldstream Capital Management Inc. now owns 2,281 shares of the company's stock valued at $397,000 after purchasing an additional 761 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Stock Up 0.7 %

Shares of Zscaler stock traded up $1.32 during trading hours on Tuesday, reaching $187.26. 654,154 shares of the stock traded hands, compared to its average volume of 2,057,551. The company has a 50 day moving average price of $197.29 and a 200 day moving average price of $187.95. Zscaler has a one year low of $153.45 and a one year high of $259.61. The firm has a market capitalization of $28.73 billion, a price-to-earnings ratio of -749.04 and a beta of 0.82.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company had revenue of $628.00 million for the quarter, compared to analysts' expectations of $605.51 million. During the same period last year, the firm earned ($0.18) EPS. Zscaler's revenue for the quarter was up 26.4% compared to the same quarter last year. Sell-side analysts anticipate that Zscaler will post -0.24 earnings per share for the current year.

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.