Zscaler (NASDAQ:ZS) Rating Reiterated by Cantor Fitzgerald

Zscaler (NASDAQ:ZS)‘s stock had its “neutral” rating reaffirmed by stock analysts at Cantor Fitzgerald in a report released on Wednesday, Benzinga reports. They presently have a $230.00 price objective on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 32.97% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Citigroup boosted their price target on Zscaler from $235.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Barclays reduced their price target on shares of Zscaler from $259.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Morgan Stanley increased their price objective on shares of Zscaler from $195.00 to $214.00 and gave the company an “equal weight” rating in a research report on Monday, February 26th. Wedbush lifted their target price on shares of Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, The Goldman Sachs Group increased their price target on Zscaler from $189.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Five research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.24.

Zscaler Stock Up 0.0 %

NASDAQ:ZS opened at $172.97 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. The firm’s 50-day moving average price is $207.79 and its 200-day moving average price is $202.60. The company has a market capitalization of $25.92 billion, a PE ratio of -182.07 and a beta of 0.80. Zscaler has a 1-year low of $84.93 and a 1-year high of $259.61.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The firm had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $507.56 million. On average, equities analysts predict that Zscaler will post -0.81 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Remo Canessa sold 7,707 shares of the company’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 sale, the chief financial officer now owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Zscaler news, insider Syam Nair sold 2,893 shares of Zscaler stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the transaction, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Remo Canessa sold 7,707 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction 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 $49,435,390.45. The disclosure for this sale can be found here. Insiders sold a total of 26,715 shares of company stock valued at $5,865,882 over the last three months. 19.20% of the stock is owned by company insiders.

Institutional Trading of Zscaler

A number of institutional investors have recently made changes to their positions in the business. Spire Wealth Management increased its stake in Zscaler by 24.5% during the 4th quarter. Spire Wealth Management now owns 249 shares of the company’s stock valued at $58,000 after purchasing an additional 49 shares in the last quarter. US Bancorp DE grew its holdings in shares of Zscaler by 0.3% during the fourth quarter. US Bancorp DE now owns 22,944 shares of the company’s stock valued at $5,083,000 after buying an additional 59 shares during the last quarter. Nwam LLC increased its position in shares of Zscaler by 3.5% in the 4th quarter. Nwam LLC now owns 1,821 shares of the company’s stock valued at $403,000 after acquiring an additional 62 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Zscaler by 1.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock worth $585,000 after acquiring an additional 63 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in Zscaler by 2.7% during the 1st quarter. International Assets Investment Management LLC now owns 2,558 shares of the company’s stock valued at $617,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

About Zscaler

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.