Zscaler (NASDAQ:ZS) Receives “Neutral” Rating from Cantor Fitzgerald

Zscaler (NASDAQ:ZS)‘s stock had its “neutral” rating reaffirmed by Cantor Fitzgerald in a research report issued on Wednesday, Benzinga reports. They presently have a $230.00 target price on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 32.21% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Zscaler from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Citigroup lifted their price objective on shares of Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Barclays decreased their price objective on shares of Zscaler from $259.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Macquarie reaffirmed an “outperform” rating and set a $245.00 price objective on shares of Zscaler in a research report on Tuesday, March 19th. Finally, Wedbush boosted their price target on shares of Zscaler from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Six research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $230.55.

Zscaler Stock Down 0.2 %

Shares of NASDAQ:ZS traded down $0.36 during trading on Wednesday, hitting $173.96. The company’s stock had a trading volume of 983,524 shares, compared to its average volume of 2,272,813. The business has a 50 day moving average price of $210.76 and a two-hundred day moving average price of $203.02. The company has a market capitalization of $26.07 billion, a PE ratio of -183.52 and a beta of 0.80. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. Zscaler has a fifty-two week low of $84.93 and a fifty-two week high of $259.61.

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

Insider Activity at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the transaction, the chief executive officer now owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Zscaler news, Director Karen Blasing sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $250.90, for a total transaction of $1,756,300.00. Following the transaction, the director now owns 40,372 shares of the company’s stock, valued at $10,129,334.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following the completion of the sale, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,715 shares of company stock valued at $5,865,882. Company insiders own 19.20% of the company’s stock.

Institutional Investors Weigh In On Zscaler

Several large investors have recently made changes to their positions in ZS. Jones Financial Companies Lllp acquired a new stake in Zscaler during the 4th quarter valued at $29,000. BluePath Capital Management LLC acquired a new position in Zscaler during the 3rd quarter worth $32,000. Parkside Financial Bank & Trust grew its holdings in Zscaler by 582.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after acquiring an additional 134 shares in the last quarter. GAMMA Investing LLC acquired a new position in Zscaler during the 4th quarter worth $37,000. Finally, KB Financial Partners LLC bought a new position in shares of Zscaler in the 1st quarter worth about $39,000. Institutional investors and hedge funds 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.