Zscaler (NASDAQ:ZS) PT Lowered to $180.00

Zscaler (NASDAQ:ZS) had its price objective reduced by Loop Capital from $225.00 to $180.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also recently issued reports on ZS. Royal Bank of Canada lifted their target price on Zscaler from $215.00 to $230.00 and gave the company an outperform rating in a research report on Friday. Stifel Nicolaus cut 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. BTIG Research cut their price target on Zscaler from $258.00 to $220.00 and set a buy rating for the company in a research note on Friday. BMO Capital Markets dropped their price objective on Zscaler from $255.00 to $192.00 and set an outperform rating on the stock in a report on Wednesday, May 29th. Finally, Robert W. Baird dropped their price objective on Zscaler from $265.00 to $260.00 and set an outperform rating on the stock in a report on Friday, May 24th. Seven analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $223.85.

Zscaler Trading Up 8.5 %

Shares of ZS stock opened at $169.96 on Friday. The company has a market cap of $25.48 billion, a P/E ratio of -333.25 and a beta of 0.85. Zscaler has a fifty-two week low of $128.12 and a fifty-two week high of $259.61. The stock has a 50 day simple moving average of $178.17 and a two-hundred day simple moving average of $204.84. 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 (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. The firm had revenue of $525.00 million during the quarter, compared to the consensus estimate of $507.56 million. Zscaler had a negative return on equity of 6.31% and a negative net margin of 3.62%. Research analysts forecast that Zscaler will post -0.8 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Remo Canessa sold 7,707 shares of Zscaler stock in a transaction that occurred on Monday, March 18th. The stock was 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 in the company, valued at approximately $49,435,390.45. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Syam Nair sold 2,893 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the transaction, the insider now owns 137,294 shares in the company, valued at approximately $26,518,336.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Remo Canessa sold 7,707 shares of the firm’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 value of $1,488,607.05. Following the completion of the transaction, the chief financial officer now owns 255,943 shares of the company’s stock, valued at approximately $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 worth $2,455,902 in the last ninety days. 19.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ZS. Jones Financial Companies Lllp purchased a new position in shares of Zscaler in the fourth quarter worth $29,000. GAMMA Investing LLC purchased a new stake in Zscaler during the fourth quarter valued at $37,000. Parkside Financial Bank & Trust increased its position in 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 increased its position in 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 increased its position in 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. Hedge funds and other institutional investors 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.