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

Cantor Fitzgerald reiterated their neutral rating on shares of Zscaler (NASDAQ:ZS) in a research report report published on Wednesday, Benzinga reports. They currently have a $230.00 price target on the stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Zscaler from $212.00 to $240.00 and gave the stock a neutral rating in a report on Monday, February 26th. Oppenheimer upped their price target on shares of Zscaler from $245.00 to $290.00 and gave the company an outperform rating in a report on Wednesday, January 3rd. Needham & Company LLC reissued a strong-buy rating and issued a $290.00 price objective on shares of Zscaler in a research report on Friday, March 1st. TD Cowen upped their price target on shares of Zscaler from $195.00 to $215.00 and gave the stock an outperform rating in a research report on Tuesday, November 28th. Finally, Susquehanna began coverage on shares of Zscaler in a research report on Friday, December 15th. They issued a positive rating and a $275.00 price target for the company. Six investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $230.55.

Zscaler Stock Down 0.4 %

ZS opened at $192.63 on Wednesday. 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 stock has a market cap of $28.87 billion, a price-to-earnings ratio of -202.77 and a beta of 0.85. The firm’s fifty day moving average is $224.09 and its 200 day moving average is $199.83. Zscaler has a fifty-two week low of $84.93 and a fifty-two week high of $259.61.

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

Insider Buying and Selling

In other Zscaler news, CFO Remo Canessa sold 7,707 shares of Zscaler 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 completion of the sale, the chief financial officer now directly owns 255,943 shares in the company, valued at $49,435,390.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Karen Blasing sold 7,000 shares of Zscaler stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $210.31, for a total value of $1,472,170.00. Following the completion of the transaction, the director now owns 31,873 shares in the company, valued at $6,703,210.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Remo Canessa sold 7,707 shares of the business’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 transaction of $1,488,607.05. Following the sale, 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. Over the last ninety days, insiders sold 40,715 shares of company stock worth $8,909,342. Insiders own 19.20% of the company’s stock.

Institutional Trading of Zscaler

Several institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in Zscaler by 14.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 557,345 shares of the company’s stock worth $134,476,000 after purchasing an additional 68,982 shares during the period. AlphaCrest Capital Management LLC purchased a new position in Zscaler in the 1st quarter valued at approximately $244,000. D.A. Davidson & CO. increased its stake in Zscaler by 41.6% in the 1st quarter. D.A. Davidson & CO. now owns 1,130 shares of the company’s stock valued at $273,000 after purchasing an additional 332 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Zscaler in the 1st quarter valued at approximately $1,232,000. Finally, Dimensional Fund Advisors LP increased its stake in Zscaler by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 121,598 shares of the company’s stock valued at $29,338,000 after purchasing an additional 2,153 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.