Zscaler (NASDAQ:ZS) Reaches New 1-Year High at $190.60

Zscaler, Inc. (NASDAQ:ZS)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $190.60 and last traded at $189.66, with a volume of 129222 shares trading hands. The stock had previously closed at $187.47.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ZS shares. Rosenblatt Securities lifted their price objective on shares of Zscaler from $185.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $225.00 price target on shares of Zscaler in a research note on Tuesday, October 24th. UBS Group raised their price objective on shares of Zscaler from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Stifel Nicolaus upped their target price on Zscaler from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, BTIG Research lifted their price target on Zscaler from $185.00 to $191.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.51.

Zscaler Price Performance

The firm has a market cap of $28.07 billion, a price-to-earnings ratio of -132.96 and a beta of 0.81. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.56. The business’s 50-day simple moving average is $163.34 and its two-hundred day simple moving average is $149.67.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.15. Zscaler had a negative return on equity of 31.64% and a negative net margin of 12.51%. The firm had revenue of $455.00 million during the quarter, compared to analyst estimates of $430.38 million. During the same period last year, the company posted ($0.40) EPS. The business’s quarterly revenue was up 43.0% on a year-over-year basis. As a group, research analysts expect that Zscaler, Inc. will post -1.11 EPS for the current fiscal year.

Insider Activity

In related news, COO Dali Rajic sold 22,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.22, for a total value of $3,458,840.00. Following the transaction, the chief operating officer now owns 262,406 shares of the company’s stock, valued at approximately $41,255,471.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Remo Canessa sold 18,693 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $154.28, for a total value of $2,883,956.04. Following the completion of the transaction, the chief financial officer now directly owns 253,872 shares of the company’s stock, valued at $39,167,372.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Dali Rajic sold 22,000 shares of Zscaler stock in a transaction on Friday, September 1st. The stock was sold at an average price of $157.22, for a total value of $3,458,840.00. Following the sale, the chief operating officer now owns 262,406 shares in the company, valued at $41,255,471.32. The disclosure for this sale can be found here. Insiders sold a total of 96,078 shares of company stock worth $15,106,035 in the last three months. Company insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ZS. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 acquiring an additional 68,982 shares during the period. AlphaCrest Capital Management LLC bought a new position in Zscaler in the 1st quarter worth approximately $244,000. D.A. Davidson & CO. grew 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 buying an additional 332 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Zscaler during the 1st quarter valued at $1,232,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Zscaler by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 121,598 shares of the company’s stock worth $29,338,000 after acquiring an additional 2,153 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

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.