A neutral rating for Zscaler (ZS) was maintained by Rosenblatt Securities

Zscaler (NASDAQ:ZS – Get Free Report)Rosenblatt Securities analysts reaffirmed their “neutral” recommendation for the company’s shares in a research report published on Tuesday, according to Benzinga. They currently have a price target of $190.00 on the stock. Rosenblatt Securities’ price target suggests a potential upside of 10.70% from the company’s previous close.

ZS has been the subject of many other research reports. KeyCorp upgraded Zscaler from a “sector weight” rating to an “overweight” rating and set a $220.00 price target on the stock in a research note on Thursday, April 18th. Wells Fargo & Company affirmed an “equal weight” rating and set a $182.00 price target on shares of Zscaler, up from $275.00, in a research note on Tuesday. JMP Securities reissued a market outperform rating and set a $270.00 price target on shares of Zscaler in a research note. The Goldman Sachs Group raised their target price on Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, March 4. Macquarie ultimately reissued an “outperform” rating and set a $245.00 price target on shares of Zscaler in a research note on Tuesday, March 19th. Seven analysts rated the company with a hold rating, twenty-six issued a buy rating and one issued a strong buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $227.29.

View our latest stock analysis on Zscaler

Zscaler turnover down 0.2%

NASDAQ:ZS opened at $171.64 on Tuesday. The stock has a fifty-day moving average price of $180.78 and a two-hundred-day moving average price of $205.33. The stock has a market capitalization of $25.73 billion, a price-to-earnings ratio of -180.67, and a beta of 0.85. 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 1-year low of $125.25 and a 1-year high of $259.61.

Zscaler ( NASDAQ:ZS – Get Free Report ) last released its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.08. The company’s revenue for the quarter was $525.00 million, compared to analyst estimates of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. As a group, sell-side analysts expect Zscaler to post -0.8 earnings per share for the current fiscal year.

Confidential transactions in Zscaler

In other news, CFO Remo Canessa sold 7,707 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 $1,488,607.05. Following the completion of the transaction, the CFO now owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The sale was disclosed in a legal document filed with the Securities and Exchange Commission, which is available at this hyperlink. In other Zscaler news, on Monday, March 18, CEO Jagtar Singh Chaudhry sold 2,115 shares of Zscaler in a transaction. The shares were sold at an average price of $193.15, for a total transaction amount of $408,512.25. Following the sale, the CEO now owns 367,152 shares of the company’s stock, valued at approximately $70,915,408.80. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Additionally, on Monday, March 18, CFO Remo Canessa sold 7,707 shares of Zscaler stock. The shares were 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 of the company’s stock, valued at approximately $49,435,390.45. The announcement of this sale can be found here. In the last quarter, insiders sold 12,715 shares of company stock worth $2,455,902. Currently, 19.20% of the shares are owned by corporate insiders.

Zscaler Institutional Trading

Several hedge funds have recently increased or decreased their holdings in ZS. 1832 Asset Management LP purchased a new stake in shares of Zscaler during the fourth quarter valued at $217,683,000. Norges Bank purchased a new stake in Zscaler in the fourth quarter worth $117,599,000. Polar Capital Holdings Plc purchased a new stake in shares of Zscaler during the third quarter worth $61,681,000. Trivest Advisors Ltd acquired a new stake in shares of Zscaler during the 4th quarter valued at $72,051,000. Ultimately, Quadrature Capital Ltd purchased a new stake in Zscaler during the first quarter worth $47,217,000. Institutional investors hold 46.45% of the company’s shares.

About Zscaler

(Get the free report)

Zscaler, Inc operates as a global cloud security company. The company offers Zscaler Internet Access, which provides users, workloads, IoT and OT devices with secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access, which aims to provide access to managed applications hosted internally in data centers and private or public clouds.

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