Cantor Fitzgerald Reaffirms Neutral Rating for Zscaler (NASDAQ:ZS)

Zscaler (NASDAQ:ZSGet Free Report)‘s stock had its “neutral” rating reaffirmed by investment analysts at Cantor Fitzgerald in a research report issued on Monday, Marketbeat reports. They presently have a $250.00 target price on the stock, up from their prior target price of $185.00. Cantor Fitzgerald’s price target would suggest a potential downside of 1.09% from the company’s previous close.

Several other equities analysts have also recently issued reports on ZS. Morgan Stanley upped their target price on shares of Zscaler from $170.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 28th. JPMorgan Chase & Co. upped their target price on shares of Zscaler from $174.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $220.00 price target on shares of Zscaler in a research report on Tuesday, November 28th. BTIG Research upped their price target on shares of Zscaler from $191.00 to $229.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, TD Cowen upped their price target on shares of Zscaler from $195.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, November 28th. Eight research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $214.34.

Read Our Latest Analysis on ZS

Zscaler Trading Down 0.2 %

Zscaler stock traded down $0.41 during mid-day trading on Monday, reaching $252.75. 1,258,398 shares of the company traded hands, compared to its average volume of 1,910,042. The firm’s 50 day moving average price is $230.23 and its 200 day moving average price is $186.77. The firm has a market capitalization of $37.49 billion, a price-to-earnings ratio of -217.89 and a beta of 0.86. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.96 and a quick ratio of 1.96. Zscaler has a 52-week low of $84.93 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZSGet Free Report) last released its earnings results on Monday, November 27th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The firm had revenue of $496.70 million for the quarter, compared to the consensus estimate of $473.36 million. Zscaler had a negative net margin of 9.54% and a negative return on equity of 21.39%. The company’s revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.47) EPS. On average, analysts anticipate that Zscaler will post -0.93 earnings per share for the current fiscal year.

Insider Activity at Zscaler

In related news, major shareholder Ajay Mangal sold 55,000 shares of Zscaler stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $196.90, for a total value of $10,829,500.00. Following the completion of the sale, the insider now directly owns 21,511,041 shares in the company, valued at $4,235,523,972.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Zscaler news, major shareholder Ajay Mangal sold 55,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $196.90, for a total value of $10,829,500.00. Following the completion of the transaction, the insider now directly owns 21,511,041 shares in the company, valued at $4,235,523,972.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,824 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $221.34, for a total transaction of $625,064.16. Following the completion of the transaction, the chief executive officer now owns 369,267 shares of the company’s stock, valued at $81,733,557.78. The disclosure for this sale can be found here. Insiders sold 153,652 shares of company stock worth $32,246,122 over the last three months. 19.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Zscaler

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc boosted its position in Zscaler by 60.5% in the second quarter. IFP Advisors Inc now owns 1,037 shares of the company’s stock valued at $29,000 after buying an additional 391 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Zscaler in the fourth quarter valued at approximately $29,000. BluePath Capital Management LLC purchased a new stake in Zscaler in the third quarter valued at approximately $32,000. Parkside Financial Bank & Trust boosted its position in Zscaler by 582.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock valued at $35,000 after buying an additional 134 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Zscaler in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Zscaler Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Zscaler (NASDAQ:ZS)

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