Zscaler (NASDAQ:ZS) PT Lowered to $205.00

Zscaler (NASDAQ:ZS) had its price objective trimmed by Barclays from $240.00 to $205.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued reports about the company. 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. Needham & Company LLC reiterated a strong-buy rating and issued a $290.00 price target on shares of Zscaler in a research note on Friday, March 1st. Rosenblatt Securities lifted their price target on Zscaler from $285.00 to $290.00 and gave the stock a buy rating in a research note on Friday, March 1st. Stifel Nicolaus decreased their price target on Zscaler from $270.00 to $220.00 and set a buy rating for the company in a research note on Thursday, May 16th. Finally, The Goldman Sachs Group lifted their price target on Zscaler from $189.00 to $215.00 and gave the stock a neutral rating in a research note on Monday, March 4th. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zscaler currently has a consensus rating of Moderate Buy and a consensus price target of $231.26.

Zscaler Stock Down 1.3 %

Shares of NASDAQ ZS opened at $171.91 on Monday. The business has a 50-day moving average price of $181.71 and a 200 day moving average price of $204.81. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.19. The stock has a market cap of $25.77 billion, a PE ratio of -180.96 and a beta of 0.85. Zscaler has a 52-week low of $123.21 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZS) last issued its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The business had revenue of $525.00 million during the quarter, compared to the consensus estimate of $507.56 million. Equities research analysts forecast that Zscaler will post -0.8 earnings per share for the current year.

Insider Transactions at Zscaler

In related news, CFO Remo Canessa sold 7,707 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $1,488,607.05. Following the sale, the chief financial officer now directly owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Zscaler news, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction on Monday, March 18th. The shares were 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 in the company, valued at approximately $26,518,336.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the completion of the sale, the chief financial officer now owns 255,943 shares in the company, valued at $49,435,390.45. The disclosure for this sale can be found here. Insiders have sold a total of 12,715 shares of company stock valued at $2,455,902 over the last three months. 19.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its holdings in Zscaler by 3.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 6,782 shares of the company’s stock valued at $1,055,000 after purchasing an additional 199 shares during the period. Wealthfront Advisers LLC boosted its holdings in Zscaler by 47.1% in the 3rd quarter. Wealthfront Advisers LLC now owns 5,285 shares of the company’s stock valued at $822,000 after purchasing an additional 1,693 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Zscaler by 15.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,764 shares of the company’s stock valued at $1,830,000 after purchasing an additional 1,563 shares during the period. M&T Bank Corp boosted its holdings in Zscaler by 2.6% in the 3rd quarter. M&T Bank Corp now owns 3,079 shares of the company’s stock valued at $479,000 after purchasing an additional 79 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Zscaler by 24.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 765 shares of the company’s stock valued at $119,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds 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.