Zscaler (NASDAQ:ZS) Stock Rating Reaffirmed by Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of Zscaler (NASDAQ:ZS) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a $230.00 price objective on the stock.

ZS has been the subject of a number of other research reports. KeyCorp assumed coverage on Zscaler in a report on Wednesday, January 17th. They set a sector weight rating for the company. Citigroup upped their target price on Zscaler from $235.00 to $265.00 and gave the company a buy rating in a report on Wednesday, January 10th. Wedbush increased their price objective on Zscaler from $250.00 to $260.00 and gave the stock an outperform rating in a report on Friday, March 1st. Oppenheimer increased their price objective on Zscaler from $245.00 to $290.00 and gave the stock an outperform rating in a report on Wednesday, January 3rd. Finally, Barclays decreased their price objective on Zscaler from $259.00 to $240.00 and set an overweight rating for the company in a report on Friday, March 1st. Five equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $230.24.

Zscaler Stock Performance

NASDAQ:ZS opened at $169.21 on Wednesday. The firm has a market cap of $25.36 billion, a PE ratio of -178.12 and a beta of 0.80. Zscaler has a fifty-two week low of $84.93 and a fifty-two week high of $259.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The business has a 50 day moving average price of $206.08 and a 200-day moving average price of $202.66.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $525.00 million during the quarter, 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%. Equities research analysts predict that Zscaler will post -0.81 earnings per share for the current year.

Insider Activity

In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the transaction, the chief executive officer now directly owns 367,152 shares of the company’s stock, valued at $70,915,408.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zscaler news, CFO Remo Canessa sold 7,707 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the transaction, the chief financial officer now owns 255,943 shares in the company, valued at $49,435,390.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 shares of the 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 $408,512.25. Following the transaction, the chief executive officer now owns 367,152 shares in the company, valued at approximately $70,915,408.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,715 shares of company stock valued at $5,865,882. Company insiders own 19.20% of the company’s stock.

Hedge Funds Weigh In On Zscaler

Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in shares of Zscaler during the fourth quarter valued at approximately $29,000. BluePath Capital Management LLC acquired a new stake in shares of Zscaler in the third quarter valued at approximately $32,000. Parkside Financial Bank & Trust increased 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 valued at $35,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Zscaler in the fourth quarter valued at approximately $37,000. Finally, Quadrant Capital Group LLC increased 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 valued at $39,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds 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.