Zscaler (NASDAQ:ZS) Given New $225.00 Price Target at Wells Fargo & Company

Zscaler (NASDAQ:ZSGet Rating) had its price objective hoisted by Wells Fargo & Company from $220.00 to $225.00 in a research note published on Friday, MarketBeat Ratings reports. The brokerage currently has an overweight rating on the stock.

Other analysts also recently issued reports about the stock. BTIG Research downgraded shares of Zscaler from a buy rating to a neutral rating in a report on Tuesday, July 26th. Mizuho increased their price objective on shares of Zscaler from $200.00 to $205.00 and gave the company a buy rating in a research note on Friday. Canaccord Genuity Group increased their price objective on shares of Zscaler from $210.00 to $220.00 in a research note on Friday. Piper Sandler increased their price objective on shares of Zscaler from $160.00 to $175.00 and gave the company a neutral rating in a research note on Friday. Finally, Stifel Nicolaus increased their price objective on shares of Zscaler from $200.00 to $210.00 and gave the company a buy rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of Moderate Buy and a consensus price target of $239.15.

Zscaler Price Performance

NASDAQ ZS opened at $188.00 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.80. Zscaler has a 1 year low of $125.12 and a 1 year high of $376.11. The company has a fifty day simple moving average of $161.01 and a 200 day simple moving average of $180.77.

Zscaler (NASDAQ:ZSGet Rating) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $318.06 million during the quarter, compared to the consensus estimate of $305.54 million. During the same period in the prior year, the firm earned ($0.48) EPS. The business’s revenue was up 61.4% on a year-over-year basis. On average, equities analysts expect that Zscaler will post -2.69 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert Schlossman sold 4,184 shares of the firm’s stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $136.67, for a total value of $571,827.28. Following the transaction, the insider now owns 112,861 shares of the company’s stock, valued at approximately $15,424,712.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Amit Sinha sold 9,975 shares of Zscaler stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $136.67, for a total transaction of $1,363,283.25. Following the transaction, the president now owns 266,124 shares of the company’s stock, valued at approximately $36,371,167.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 4,184 shares of Zscaler stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $136.67, for a total transaction of $571,827.28. Following the transaction, the insider now directly owns 112,861 shares in the company, valued at approximately $15,424,712.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,710 shares of company stock valued at $3,380,302. 20.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arlington Partners LLC boosted its stake in Zscaler by 122.4% during the 1st quarter. Arlington Partners LLC now owns 109 shares of the company’s stock worth $26,000 after acquiring an additional 60 shares during the last quarter. San Luis Wealth Advisors LLC acquired a new stake in Zscaler during the 1st quarter worth approximately $30,000. Meeder Asset Management Inc. acquired a new stake in Zscaler during the 1st quarter worth approximately $30,000. AdvisorNet Financial Inc raised its holdings in Zscaler by 362.1% during the 1st quarter. AdvisorNet Financial Inc now owns 134 shares of the company’s stock worth $32,000 after buying an additional 105 shares during the period. Finally, AlphaCentric Advisors LLC acquired a new stake in Zscaler during the 4th quarter worth approximately $33,000. Institutional investors own 45.51% of the company’s stock.

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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