Zscaler (NASDAQ:ZS) PT Lowered to $205.00

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

A number of other equities analysts have also recently commented on the company. Cantor Fitzgerald reiterated a neutral rating and set a $230.00 price target on shares of Zscaler in a report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price target on Zscaler from $212.00 to $240.00 and gave the stock a neutral rating in a report on Monday, February 26th. BMO Capital Markets reduced their price target on Zscaler from $268.00 to $255.00 and set an outperform rating for the company in a report on Friday, March 1st. Mizuho reduced their price target on Zscaler from $310.00 to $240.00 and set a buy rating for the company in a report on Friday, May 17th. Finally, Morgan Stanley raised their price objective on shares of Zscaler from $195.00 to $214.00 and gave the stock an equal weight rating in a research report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $231.26.

Zscaler Price Performance

ZS stock opened at $171.91 on Monday. The stock has a 50-day moving average price of $181.71 and a two-hundred day moving average price of $204.81. The stock has a market cap of $25.77 billion, a PE ratio of -180.96 and a beta of 0.85. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19. Zscaler has a 1 year low of $123.21 and a 1 year high of $259.61.

Zscaler (NASDAQ:ZS) last released 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. The firm had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. Equities analysts forecast that Zscaler will post -0.8 EPS for the current fiscal year.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at $70,915,408.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Syam Nair sold 2,893 shares of the business’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 $558,782.95. Following the sale, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The disclosure for this sale can be found here. Insiders sold 12,715 shares of company stock worth $2,455,902 over the last three months. 19.20% of the stock is currently owned by company insiders.

Institutional Trading of Zscaler

Several large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new position in shares of Zscaler in the fourth quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in shares of Zscaler in the fourth quarter worth approximately $37,000. Parkside Financial Bank & Trust lifted its holdings 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 buying an additional 134 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Zscaler by 66.7% in the fourth quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock worth $39,000 after buying an additional 70 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Zscaler by 109.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 209 shares of the company’s stock worth $46,000 after buying an additional 109 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors.

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.