Zscaler (NASDAQ:ZS) had its price objective increased by equities researchers at Credit Suisse Group from $175.00 to $215.00 in a note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 3.82% from the stock’s current price.
Several other equities research analysts have also recently commented on ZS. Piper Sandler boosted their price target on Zscaler from $160.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday, January 5th. Pritchard Capital increased their price target on shares of Zscaler from $205.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, December 3rd. Morgan Stanley lifted their price objective on shares of Zscaler from $150.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, January 8th. DA Davidson upped their price objective on shares of Zscaler from $155.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, December 3rd. Finally, Royal Bank of Canada raised their target price on Zscaler from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, November 30th. Eleven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $168.88.
NASDAQ ZS opened at $207.08 on Tuesday. The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 1.78. Zscaler has a 1-year low of $35.00 and a 1-year high of $214.83. The firm’s fifty day simple moving average is $185.25 and its 200-day simple moving average is $146.72. The company has a market capitalization of $27.79 billion, a PE ratio of -232.67 and a beta of 0.79.
Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, December 1st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.08. Zscaler had a negative return on equity of 24.33% and a negative net margin of 26.69%. The firm had revenue of $142.60 million for the quarter, compared to the consensus estimate of $132.29 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The business’s quarterly revenue was up 52.4% compared to the same quarter last year. As a group, analysts predict that Zscaler will post -1.56 EPS for the current year.
In other Zscaler news, insider Dali Rajic sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 23rd. The stock was sold at an average price of $207.41, for a total value of $9,333,450.00. Following the completion of the transaction, the insider now owns 330,587 shares of the company’s stock, valued at approximately $68,567,049.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Karen Blasing sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $134.87, for a total value of $404,610.00. Following the completion of the transaction, the director now directly owns 4,637 shares of the company’s stock, valued at approximately $625,392.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 290,540 shares of company stock valued at $56,071,621. Corporate insiders own 23.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of ZS. BlackRock Inc. increased its stake in Zscaler by 10.7% in the third quarter. BlackRock Inc. now owns 5,981,644 shares of the company’s stock valued at $841,558,000 after acquiring an additional 580,073 shares during the period. Allianz Asset Management GmbH boosted its holdings in Zscaler by 1.9% during the third quarter. Allianz Asset Management GmbH now owns 3,166,213 shares of the company’s stock valued at $445,455,000 after purchasing an additional 59,243 shares in the last quarter. FMR LLC grew its stake in shares of Zscaler by 19.5% in the 2nd quarter. FMR LLC now owns 1,957,321 shares of the company’s stock valued at $214,326,000 after purchasing an additional 318,736 shares during the period. First Trust Advisors LP raised its holdings in shares of Zscaler by 21.5% in the 3rd quarter. First Trust Advisors LP now owns 1,638,024 shares of the company’s stock worth $230,454,000 after buying an additional 290,158 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Zscaler by 65.9% during the 3rd quarter. State Street Corp now owns 1,522,127 shares of the company’s stock worth $214,148,000 after buying an additional 604,465 shares during the period. 42.24% of the stock is owned by hedge funds and other institutional investors.
Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, internet of things, and device 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 internally managed applications, either hosted internally in data centers, and private or public clouds.
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