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

Zscaler, Inc. (NASDAQ:ZS) has received a consensus recommendation of “Moderate Buy” from the thirty-four analysts that are currently covering the company, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $225.63.

A number of research analysts have weighed in on the company. BTIG Research raised their price objective on Zscaler from $205.00 to $238.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price objective on Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group lifted their target price on Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Scotiabank lifted their price objective on Zscaler from $205.00 to $225.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Loop Capital decreased their price objective on Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a research note on Tuesday, December 3rd.

Insider Buying and Selling

In related news, insider Syam Nair sold 3,682 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the transaction, the insider now directly owns 142,866 shares in the company, valued at approximately $28,618,917.12. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares in the company, valued at $71,828,542.08. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,248 shares of company stock worth $2,052,879. 18.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zscaler

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corebridge Financial Inc. increased its stake in Zscaler by 0.5% during the fourth quarter. Corebridge Financial Inc. now owns 11,695 shares of the company’s stock worth $2,110,000 after acquiring an additional 54 shares during the last quarter. Erste Asset Management GmbH grew its stake in shares of Zscaler by 0.6% in the fourth quarter. Erste Asset Management GmbH now owns 9,780 shares of the company’s stock valued at $1,805,000 after buying an additional 56 shares in the last quarter. KRS Capital Management LLC grew its stake in shares of Zscaler by 1.9% in the fourth quarter. KRS Capital Management LLC now owns 3,261 shares of the company’s stock valued at $588,000 after buying an additional 60 shares in the last quarter. Ironwood Investment Management LLC grew its stake in shares of Zscaler by 1.0% in the fourth quarter. Ironwood Investment Management LLC now owns 6,249 shares of the company’s stock valued at $1,127,000 after buying an additional 64 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Zscaler by 16.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 482 shares of the company’s stock valued at $88,000 after buying an additional 69 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Price Performance

ZS stock opened at $216.87 on Wednesday. The business has a 50-day moving average price of $195.23 and a 200 day moving average price of $190.02. The company has a market capitalization of $33.28 billion, a P/E ratio of -867.48 and a beta of 0.89. Zscaler has a 1-year low of $153.45 and a 1-year high of $251.94.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.18) earnings per share. On average, analysts anticipate that Zscaler will post -0.1 earnings per share for the current fiscal 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.