Zscaler, Inc. (NASDAQ:ZS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the thirty-seven analysts that are presently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $173.71.

A number of analysts have issued reports on ZS shares. KGI Securities cut shares of Zscaler from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 8th. Wells Fargo & Company reduced their target price on shares of Zscaler from $160.00 to $156.00 and set an “overweight” rating for the company in a research note on Friday, March 3rd. Barclays reduced their target price on shares of Zscaler from $143.00 to $135.00 in a research note on Friday, March 3rd. Citigroup reduced their target price on shares of Zscaler from $225.00 to $185.00 in a research note on Friday, December 2nd. Finally, BMO Capital Markets reduced their target price on shares of Zscaler from $145.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, March 3rd.

Insider Buying and Selling

In related news, COO Dali Rajic sold 7,113 shares of the company’s stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $114.14, for a total transaction of $811,877.82. Following the transaction, the chief operating officer now owns 296,820 shares in the company, valued at approximately $33,879,034.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Zscaler news, COO Dali Rajic sold 7,113 shares of the company’s stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $114.14, for a total transaction of $811,877.82. Following the transaction, the chief operating officer now directly owns 296,820 shares in the company, valued at approximately $33,879,034.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 1,262 shares of the company’s stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $114.14, for a total transaction of $144,044.68. Following the transaction, the chief executive officer now owns 323,549 shares in the company, valued at $36,929,882.86. The disclosure for this sale can be found here. Insiders have sold a total of 19,735 shares of company stock worth $2,252,553 in the last 90 days. Corporate insiders own 19.80% of the company’s stock.

Institutional Trading of Zscaler

A number of hedge funds have recently modified their holdings of ZS. First Personal Financial Services acquired a new stake in shares of Zscaler in the 3rd quarter valued at approximately $26,000. Accurate Wealth Management LLC bought a new stake in Zscaler during the 4th quarter worth approximately $27,000. Sonnipe Ltd bought a new stake in Zscaler during the 4th quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Zscaler during the 2nd quarter worth approximately $37,000. Finally, Ellevest Inc. bought a new stake in Zscaler during the 3rd quarter worth approximately $37,000. 45.33% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Stock Performance

Shares of ZS opened at $107.97 on Wednesday. The company’s 50 day moving average price is $122.69 and its 200 day moving average price is $136.13. Zscaler has a 52 week low of $99.64 and a 52 week high of $253.74. The company has a market capitalization of $15.67 billion, a PE ratio of -47.15 and a beta of 0.88. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.01 and a current ratio of 2.01.

About Zscaler

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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.