Research Analysts’ Recent Ratings Updates for Zscaler (ZS)

Zscaler (NASDAQ: ZS) recently received a number of ratings updates from brokerages and research firms:

  • 5/12/2023 – Zscaler had its price target lowered by analysts at Barclays PLC from $135.00 to $127.00.
  • 5/9/2023 – Zscaler had its “maintains” rating reaffirmed by analysts at 888 Holdings plc.
  • 5/9/2023 – Zscaler had its price target raised by analysts at BMO Capital Markets from $115.00 to $120.00.
  • 5/8/2023 – Zscaler had its price target raised by analysts at Citigroup Inc. from $145.00 to $148.00.
  • 5/1/2023 – Zscaler is now covered by analysts at Rosenblatt Securities. They set a “buy” rating and a $135.00 price target on the stock.
  • 4/11/2023 – Zscaler had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $210.00 price target on the stock.

Zscaler Trading Up 0.1 %

ZS opened at $126.69 on Friday. The stock has a market capitalization of $18.39 billion, a P/E ratio of -55.32 and a beta of 0.85. Zscaler, Inc. has a 12 month low of $84.93 and a 12 month high of $194.21. The firm’s fifty day simple moving average is $107.67 and its 200 day simple moving average is $117.67. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.16.

Zscaler (NASDAQ:ZSGet Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.08. The business had revenue of $387.60 million for the quarter, compared to analysts’ expectations of $363.80 million. Zscaler had a negative net margin of 24.08% and a negative return on equity of 50.58%. As a group, research analysts anticipate that Zscaler, Inc. will post -1.19 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Dali Rajic sold 5,638 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $106.79, for a total value of $602,082.02. Following the transaction, the chief operating officer now owns 291,182 shares in the company, valued at approximately $31,095,325.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Zscaler news, insider Robert Schlossman sold 3,645 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $106.79, for a total value of $389,249.55. Following the completion of the sale, the insider now owns 132,553 shares of the company’s stock, valued at approximately $14,155,334.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Dali Rajic sold 5,638 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $106.79, for a total transaction of $602,082.02. Following the sale, the chief operating officer now directly owns 291,182 shares of the company’s stock, valued at approximately $31,095,325.78. The disclosure for this sale can be found here. Insiders have sold 16,412 shares of company stock valued at $1,752,637 in the last three months. 19.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zscaler

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Zscaler by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 7,940,800 shares of the company’s stock valued at $1,305,230,000 after acquiring an additional 162,289 shares during the period. Artisan Partners Limited Partnership increased its position in Zscaler by 156.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 4,774,237 shares of the company’s stock valued at $534,237,000 after acquiring an additional 2,909,057 shares during the period. WestBridge Capital Management LLC acquired a new stake in shares of Zscaler during the first quarter worth $233,242,000. First Trust Advisors LP increased its position in shares of Zscaler by 4.7% during the first quarter. First Trust Advisors LP now owns 1,862,369 shares of the company’s stock worth $217,581,000 after buying an additional 84,440 shares during the period. Finally, Champlain Investment Partners LLC increased its position in shares of Zscaler by 14.0% during the first quarter. Champlain Investment Partners LLC now owns 1,544,570 shares of the company’s stock worth $180,452,000 after buying an additional 190,125 shares during the period. Institutional investors own 45.33% of the company’s stock.

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.

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