Zscaler’s (ZS) Neutral Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Zscaler (NASDAQ:ZS) in a research report report published on Wednesday morning, Benzinga reports. Cantor Fitzgerald currently has a $230.00 price target on the stock.

Other equities analysts have also issued reports about the company. Morgan Stanley lifted their price objective on Zscaler from $195.00 to $214.00 and gave the stock an equal weight rating in a research note on Monday, February 26th. JPMorgan Chase & Co. lifted their target price on Zscaler from $212.00 to $240.00 and gave the stock a neutral rating in a research report on Monday, February 26th. The Goldman Sachs Group lifted their target price on Zscaler from $189.00 to $215.00 and gave the stock a neutral rating in a research report on Monday, March 4th. KeyCorp initiated coverage on Zscaler in a research report on Wednesday, January 17th. They set a sector weight rating on the stock. Finally, Wedbush lifted their target price on Zscaler from $250.00 to $260.00 and gave the stock an outperform rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $230.55.

Zscaler Stock Down 0.8 %

Zscaler stock opened at $172.96 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. The business’s 50-day simple moving average is $209.32 and its 200-day simple moving average is $202.81. Zscaler has a 52 week low of $84.93 and a 52 week high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The business had revenue of $525.00 million for the quarter, compared to analyst estimates of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. As a group, analysts forecast that Zscaler will post -0.81 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the transaction, the director now owns 40,372 shares in the company, valued at approximately $10,129,334.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Karen Blasing sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total value of $1,756,300.00. Following the completion of the transaction, the director now owns 40,372 shares in the company, valued at approximately $10,129,334.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the transaction, the insider now owns 137,294 shares of the company’s stock, valued at approximately $26,518,336.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,715 shares of company stock worth $5,865,882. Insiders own 19.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Deltec Asset Management LLC bought a new stake in shares of Zscaler during the 1st quarter valued at $2,678,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Zscaler by 109.1% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,455 shares of the company’s stock valued at $666,000 after acquiring an additional 1,803 shares during the last quarter. KRS Capital Management LLC raised its position in shares of Zscaler by 45.2% during the 1st quarter. KRS Capital Management LLC now owns 3,151 shares of the company’s stock valued at $607,000 after acquiring an additional 981 shares during the last quarter. Norway Savings Bank raised its position in shares of Zscaler by 33.7% during the 1st quarter. Norway Savings Bank now owns 3,770 shares of the company’s stock valued at $726,000 after acquiring an additional 950 shares during the last quarter. Finally, Tlwm raised its position in shares of Zscaler by 62.8% during the 1st quarter. Tlwm now owns 4,412 shares of the company’s stock valued at $850,000 after acquiring an additional 1,702 shares during the last quarter. Institutional investors own 46.45% of the company’s stock.

About Zscaler

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.