Zscaler, Inc. (NASDAQ:ZS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Zscaler, Inc. (NASDAQ:ZS) has been assigned an average recommendation of “Moderate Buy” from the thirty-three ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $230.24.

A number of brokerages recently weighed in on ZS. JMP Securities reissued a “market outperform” rating and set a $270.00 price objective on shares of Zscaler in a report on Friday, March 1st. Cantor Fitzgerald reissued a “neutral” rating and set a $230.00 price objective on shares of Zscaler in a report on Wednesday, April 17th. BMO Capital Markets decreased their price objective on Zscaler from $268.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Sanford C. Bernstein decreased their price objective on Zscaler from $311.00 to $280.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, Barclays decreased their price objective on Zscaler from $259.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, March 1st.

Zscaler Stock Performance

Shares of ZS opened at $177.46 on Thursday. The company has a market cap of $26.60 billion, a PE ratio of -186.80 and a beta of 0.80. 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 stock has a 50-day moving average price of $201.59 and a 200-day moving average price of $203.39. Zscaler has a 12-month low of $84.93 and a 12-month high of $259.61.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $525.00 million during the quarter, compared to the consensus estimate 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, equities analysts forecast that Zscaler will post -0.8 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the sale, the insider now directly owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the sale, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Syam Nair sold 2,893 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the sale, the insider now directly owns 137,294 shares in the company, valued at $26,518,336.10. The disclosure for this sale can be found here. Insiders have sold 26,715 shares of company stock worth $5,865,882 over the last ninety days. 19.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZS. Jones Financial Companies Lllp purchased a new position in shares of Zscaler in the fourth quarter worth $29,000. BluePath Capital Management LLC purchased a new position in shares of Zscaler in the third quarter worth $32,000. Parkside Financial Bank & Trust raised its stake in shares of Zscaler by 582.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Zscaler during the fourth quarter valued at $37,000. Finally, Quadrant Capital Group LLC increased its position in Zscaler by 66.7% during the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Company Profile

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.