Zscaler (ZS) – Analysts’ Recent Ratings Changes

Zscaler (NASDAQ: ZS) has recently received a number of price target changes and ratings updates:

• 3/8/2023 – Zscaler was downgraded by analysts at KGI Securities from an “outperform” rating to a “neutral” rating.
• 3/3/2023 – Zscaler had its price target lowered by analysts at Wells Fargo & Company from $160.00 to $156.00. They now have an “overweight” rating on the stock.
• 3/3/2023 – Zscaler had its price target lowered by analysts at BMO Capital Markets from $145.00 to $133.00. They now have an “outperform” rating on the stock.
• 3/3/2023 – Zscaler had its price target lowered by analysts at Stifel Nicolaus from $165.00 to $135.00.
• 3/3/2023 – Zscaler had its price target lowered by analysts at Wedbush from $180.00 to $150.00.
• 3/3/2023 – Zscaler had its price target lowered by analysts at Cantor Fitzgerald from $160.00 to $140.00.
• 3/3/2023 – Zscaler had its price target lowered by analysts at Stephens from $175.00 to $165.00.
• 3/3/2023 – Zscaler had its price target lowered by analysts at Mizuho from $160.00 to $150.00.
• 3/3/2023 – Zscaler had its price target lowered by analysts at Barclays PLC from $143.00 to $135.00.
• 2/27/2023 – Zscaler had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $210.00 price target on the stock.
• 2/15/2023 – Zscaler had its price target lowered by analysts at Mizuho from $165.00 to $160.00. They now have a “buy” rating on the stock.
• 2/14/2023 – Zscaler is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “neutral” rating and a $148.00 price target on the stock.
• 1/24/2023 – Zscaler is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $124.00 price target on the stock.
• 1/23/2023 – Zscaler had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $190.00 to $140.00.
• 1/17/2023 – Zscaler is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $115.00 price target on the stock.
• 1/17/2023 – Zscaler was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
• 1/13/2023 – Zscaler is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $210.00 price target on the stock.
• 1/12/2023 – Zscaler was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $120.00 price target on the stock, down previously from $162.00.

Zscaler Trading Down 4.5 %

Shares of NASDAQ ZS opened at $105.45 on Monday. Zscaler, Inc. has a twelve month low of $99.64 and a twelve month high of $253.74. The business has a fifty day simple moving average of $122.73 and a two-hundred day simple moving average of $136.54. The firm has a market cap of $15.30 billion, a PE ratio of -46.05 and a beta of 0.88. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.16.

Insider Buying and Selling at Zscaler

In other news, insider Robert Schlossman sold 5,081 shares of the business’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $114.14, for a total value of $579,945.34. Following the completion of the transaction, the insider now owns 136,198 shares of the company’s stock, valued at approximately $15,545,639.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Robert Schlossman sold 5,081 shares of the company’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $114.14, for a total value of $579,945.34. Following the completion of the transaction, the insider now owns 136,198 shares of the company’s stock, valued at approximately $15,545,639.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 1,262 shares of the business’s stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $114.14, for a total value of $144,044.68. Following the sale, the chief executive officer now owns 323,549 shares of the company’s stock, valued at $36,929,882.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,735 shares of company stock worth $2,252,553. 19.80% of the stock is currently owned by insiders.

Institutional Trading of Zscaler

Several hedge funds have recently modified their holdings of the stock. First Personal Financial Services acquired a new stake in Zscaler in the third quarter valued at $26,000. Ronald Blue Trust Inc. purchased a new position in shares of Zscaler during the second quarter worth about $38,000. Ellevest Inc. purchased a new position in shares of Zscaler during the third quarter worth about $37,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Zscaler during the second quarter worth about $37,000. Finally, Sonnipe Ltd purchased a new position in shares of Zscaler during the fourth quarter worth about $28,000. 45.33% of the stock is currently owned by institutional investors and hedge funds.

Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.