Deutsche Bank Aktiengesellschaft Raises Zscaler (NASDAQ:ZS) Price Target to $215.00

Zscaler (NASDAQ:ZSGet Rating) had its target price boosted by Deutsche Bank Aktiengesellschaft from $190.00 to $215.00 in a research report report published on Friday morning, The Fly reports. They currently have a buy rating on the stock.

Several other research firms also recently issued reports on ZS. Needham & Company LLC boosted their price objective on shares of Zscaler from $185.00 to $210.00 and gave the stock a strong-buy rating in a report on Friday. Cowen dropped their price objective on shares of Zscaler from $405.00 to $194.00 and set a buy rating on the stock in a report on Friday, May 27th. Citigroup dropped their price objective on shares of Zscaler from $225.00 to $200.00 in a report on Friday, July 22nd. UBS Group lowered their target price on shares of Zscaler from $325.00 to $200.00 and set a buy rating on the stock in a research note on Friday, May 27th. Finally, Truist Financial lowered their target price on shares of Zscaler from $275.00 to $250.00 and set a buy rating on the stock in a research note on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $239.15.

Zscaler Trading Up 21.9 %

Zscaler stock opened at $188.00 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.24 and a quick ratio of 2.24. Zscaler has a fifty-two week low of $125.12 and a fifty-two week high of $376.11. The firm has a fifty day moving average price of $161.01 and a two-hundred day moving average price of $180.77.

Zscaler (NASDAQ:ZSGet Rating) last posted its quarterly earnings data on Thursday, September 8th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. Zscaler had a negative net margin of 35.77% and a negative return on equity of 56.62%. The company had revenue of $318.06 million for the quarter, compared to the consensus estimate of $305.54 million. During the same quarter in the previous year, the firm posted ($0.48) EPS. The business’s revenue was up 61.4% compared to the same quarter last year. On average, research analysts anticipate that Zscaler will post -2.69 EPS for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, President Amit Sinha sold 9,975 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $136.67, for a total value of $1,363,283.25. Following the completion of the sale, the president now owns 266,124 shares of the company’s stock, valued at $36,371,167.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Dali Rajic sold 5,302 shares of the stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $136.67, for a total transaction of $724,624.34. Following the completion of the sale, the chief operating officer now owns 226,353 shares of the company’s stock, valued at $30,935,664.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Amit Sinha sold 9,975 shares of the stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $136.67, for a total transaction of $1,363,283.25. Following the sale, the president now directly owns 266,124 shares of the company’s stock, valued at approximately $36,371,167.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,710 shares of company stock valued at $3,380,302. Corporate insiders own 20.30% of the company’s stock.

Institutional Investors Weigh In On Zscaler

Several large investors have recently made changes to their positions in the stock. Royal London Asset Management Ltd. increased its position in shares of Zscaler by 5.7% during the second quarter. Royal London Asset Management Ltd. now owns 29,992 shares of the company’s stock worth $4,487,000 after acquiring an additional 1,611 shares in the last quarter. Riverbridge Partners LLC bought a new stake in shares of Zscaler during the second quarter worth $641,000. M&G Investment Management Ltd. increased its position in shares of Zscaler by 5.9% during the second quarter. M&G Investment Management Ltd. now owns 5,708 shares of the company’s stock worth $856,000 after acquiring an additional 316 shares in the last quarter. Legal & General Group Plc grew its position in Zscaler by 4.8% in the second quarter. Legal & General Group Plc now owns 622,717 shares of the company’s stock valued at $93,102,000 after purchasing an additional 28,579 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Zscaler in the second quarter valued at $37,000. Institutional investors own 45.51% of the company’s stock.

Zscaler Company Profile

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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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