Zscaler, Inc. (NASDAQ:ZS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Zscaler, Inc. (NASDAQ:ZSGet Free Report) have earned an average recommendation of “Moderate Buy” from the thirty-four research firms that are currently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and twenty-five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $233.88.

Several analysts have issued reports on ZS shares. Susquehanna increased their target price on shares of Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research note on Tuesday, December 3rd. Guggenheim reiterated a “neutral” rating on shares of Zscaler in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. increased their target price on shares of Zscaler from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. Robert W. Baird increased their target price on shares of Zscaler from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, March 6th. Finally, UBS Group increased their target price on shares of Zscaler from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th.

View Our Latest Analysis on Zscaler

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $573,516.16. Following the completion of the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at approximately $71,828,542.08. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,248 shares of company stock valued at $2,052,879. Company insiders own 18.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ZS. Global X Japan Co. Ltd. lifted its position in Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after acquiring an additional 79 shares during the period. Summit Securities Group LLC purchased a new position in Zscaler during the 4th quarter valued at about $27,000. Colonial Trust Co SC purchased a new position in Zscaler during the 4th quarter valued at about $28,000. Stonebridge Financial Group LLC purchased a new position in Zscaler during the 4th quarter valued at about $29,000. Finally, Elequin Capital LP purchased a new position in Zscaler during the 4th quarter valued at about $30,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Zscaler Trading Up 4.3 %

Shares of ZS stock opened at $197.81 on Friday. The stock has a market capitalization of $30.61 billion, a P/E ratio of -791.24 and a beta of 0.88. The firm’s 50 day moving average is $198.14 and its 200 day moving average is $191.61. Zscaler has a 12 month low of $153.45 and a 12 month high of $217.84.

Zscaler Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Zscaler (NASDAQ:ZS)

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