Zscaler (NASDAQ:ZS) Price Target Cut to $140.00 by Analysts at Deutsche Bank Aktiengesellschaft

Zscaler (NASDAQ:ZS – Get Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from $190.00 to $140.00 in a research note issued to investors on Monday, The Fly reports.

ZS has been the topic of several other reports. Wells Fargo & Company lowered their price target on shares of Zscaler from $190.00 to $160.00 and set an overweight rating on the stock in a report on Friday, December 2nd. Mizuho lowered their price target on shares of Zscaler from $175.00 to $165.00 in a report on Friday, December 2nd. Sumitomo Mitsui Financial Group initiated coverage on shares of Zscaler in a report on Friday, October 7th. They set an outperform rating and a $220.00 price target on the stock. Needham & Company LLC initiated coverage on shares of Zscaler in a research note on Friday, January 13th. They issued a buy rating and a $210.00 price objective for the company. Finally, UBS Group reduced their price objective on shares of Zscaler from $200.00 to $180.00 and set a buy rating for the company in a research note on Friday, December 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $198.48.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $123.76 on Monday. Zscaler has a 12 month low of $99.64 and a 12 month high of $290.47. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of -47.60 and a beta of 0.88. The stock’s 50 day moving average price is $119.64 and its 200 day moving average price is $144.56. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.01 and a quick ratio of 2.01.

Zscaler (NASDAQ:ZS – Get Rating) last posted its quarterly earnings results on Thursday, December 1st. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.51) by $0.04. The firm had revenue of $355.55 million for the quarter, compared to analyst estimates of $341.08 million. Zscaler had a negative net margin of 30.23% and a negative return on equity of 56.23%. Equities research analysts anticipate that Zscaler will post -1.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andrew William Fraser Brown bought 5,000 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were bought at an average cost of $108.78 per share, for a total transaction of $543,900.00. Following the completion of the acquisition, the director now owns 23,250 shares in the company, valued at approximately $2,529,135. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 1,262 shares of the company’s stock in a transaction on Friday, December 16th. The shares were sold at an average price of $114.14, for a total transaction of $144,044.68. Following the transaction, the chief executive officer now owns 323,549 shares in the company, valued at $36,929,882.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew William Fraser Brown purchased 5,000 shares of Zscaler stock in a transaction that occurred on Friday, December 23rd. The shares were bought at an average price of $108.78 per share, with a total value of $543,900.00. Following the transaction, the director now owns 23,250 shares of the company’s stock, valued at approximately $2,529,135. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 19,735 shares of company stock worth $2,252,553. Company insiders own 19.80% of the company’s stock.

Institutional Investors Weigh In On Zscaler

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Personal Financial Services bought a new position in shares of Zscaler in the third quarter worth approximately $26,000. Accurate Wealth Management LLC purchased a new position in shares of Zscaler in the 4th quarter worth about $27,000. Riverview Trust Co raised its position in shares of Zscaler by 221.1% in the 2nd quarter. Riverview Trust Co now owns 244 shares of the company’s stock worth $36,000 after purchasing an additional 168 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Zscaler in the 2nd quarter worth about $37,000. Finally, Ellevest Inc. purchased a new position in shares of Zscaler in the 3rd quarter worth about $37,000. 45.33% of the stock is owned by hedge funds and other institutional investors.

Zscaler Company Profile

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Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.