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

Zscaler, Inc. (NASDAQ:ZSGet Rating) has received a consensus recommendation of “Moderate Buy” from the thirty-three analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eighteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $248.73.

Several brokerages have recently commented on ZS. Morgan Stanley cut their price objective on Zscaler from $325.00 to $225.00 and set an “overweight” rating for the company in a report on Thursday, May 19th. Wedbush cut their target price on Zscaler to $200.00 in a research note on Friday, May 27th. BMO Capital Markets cut their target price on Zscaler from $270.00 to $172.00 in a research note on Friday, May 27th. Canaccord Genuity Group cut their target price on Zscaler from $320.00 to $210.00 in a research note on Friday, May 27th. Finally, Barclays increased their price objective on Zscaler from $147.00 to $168.00 and gave the company an “equal weight” rating in a research note on Friday, May 27th.

Insider Transactions at Zscaler

In related news, insider Robert Schlossman sold 239 shares of Zscaler stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $150.00, for a total value of $35,850.00. Following the completion of the transaction, the insider now directly owns 112,622 shares in the company, valued at $16,893,300. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Robert Schlossman sold 239 shares of Zscaler stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $150.00, for a total transaction of $35,850.00. Following the sale, the insider now owns 112,622 shares in the company, valued at $16,893,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Dali Rajic sold 25,000 shares of Zscaler stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $155.80, for a total value of $3,895,000.00. Following the sale, the chief operating officer now owns 231,574 shares in the company, valued at approximately $36,079,229.20. The disclosure for this sale can be found here. Insiders sold a total of 49,710 shares of company stock worth $7,275,302 over the last ninety days. Company insiders own 20.30% of the company’s stock.

Institutional Investors Weigh In On Zscaler

Institutional investors have recently added to or reduced their stakes in the business. San Luis Wealth Advisors LLC acquired a new stake in shares of Zscaler during the 1st quarter worth $30,000. AlphaCentric Advisors LLC acquired a new stake in shares of Zscaler in the fourth quarter valued at approximately $33,000. JFS Wealth Advisors LLC increased its stake in shares of Zscaler by 110.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $34,000 after purchasing an additional 55 shares during the period. Arlington Partners LLC increased its stake in shares of Zscaler by 122.4% during the first quarter. Arlington Partners LLC now owns 109 shares of the company’s stock valued at $26,000 after acquiring an additional 60 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in Zscaler during the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 43.41% of the company’s stock.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $153.50 on Tuesday. Zscaler has a fifty-two week low of $125.12 and a fifty-two week high of $376.11. The company’s 50-day moving average is $153.51 and its 200 day moving average is $199.31. The company has a market capitalization of $21.78 billion, a P/E ratio of -57.49 and a beta of 1.04. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.24 and a current ratio of 2.24.

Zscaler (NASDAQ:ZSGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported ($0.61) earnings per share for the quarter, beating the consensus estimate of ($0.63) by $0.02. Zscaler had a negative return on equity of 58.37% and a negative net margin of 38.52%. The firm had revenue of $286.81 million for the quarter, compared to analysts’ expectations of $271.47 million. During the same period in the prior year, the business posted ($0.30) earnings per share. The company’s revenue was up 62.6% on a year-over-year basis. On average, equities research analysts forecast that Zscaler will post -2.31 earnings per share for the current year.

Zscaler Company Profile

(Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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.

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Analyst Recommendations for Zscaler (NASDAQ:ZS)

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