Zscaler (NASDAQ:ZS) Upgraded by KeyCorp to “Overweight”

KeyCorp upgraded shares of Zscaler (NASDAQ:ZS) from a sector weight rating to an overweight rating in a research report sent to investors on Thursday morning, MarketBeat reports. KeyCorp currently has $220.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Robert W. Baird raised their price objective on Zscaler from $255.00 to $265.00 and gave the stock an outperform rating in a research note on Friday, March 1st. The Goldman Sachs Group raised their price objective on Zscaler from $189.00 to $215.00 and gave the stock a neutral rating in a research note on Monday, March 4th. Barclays decreased their target price on Zscaler from $259.00 to $240.00 and set an overweight rating on the stock in a research note on Friday, March 1st. BMO Capital Markets decreased their target price on Zscaler from $268.00 to $255.00 and set an outperform rating on the stock in a research note on Friday, March 1st. Finally, Wedbush lifted their price objective on Zscaler from $250.00 to $260.00 and gave the stock an outperform rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $230.24.

Zscaler Trading Up 0.0 %

Shares of NASDAQ:ZS opened at $172.97 on Thursday. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of -182.07 and a beta of 0.80. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98. The stock’s 50-day simple moving average is $207.79 and its two-hundred day simple moving average is $202.60. Zscaler has a 52-week low of $84.93 and a 52-week high of $259.61.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.08. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. The firm had revenue of $525.00 million for the quarter, compared to the consensus estimate of $507.56 million. Analysts expect that Zscaler will post -0.81 EPS for the current year.

Insider Activity at Zscaler

In other Zscaler news, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the sale, the insider now directly owns 137,294 shares in the company, valued at approximately $26,518,336.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $408,512.25. Following the completion of the sale, the chief executive officer now directly owns 367,152 shares in the company, valued at approximately $70,915,408.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the sale, the insider now owns 137,294 shares of the company’s stock, valued at $26,518,336.10. The disclosure for this sale can be found here. Insiders sold a total of 26,715 shares of company stock worth $5,865,882 in the last quarter. 19.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new position in shares of Zscaler in the 4th quarter worth $29,000. BluePath Capital Management LLC bought a new position in shares of Zscaler in the 3rd quarter worth $32,000. Parkside Financial Bank & Trust raised its position in shares of Zscaler by 582.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 157 shares of the company’s stock worth $35,000 after acquiring an additional 134 shares in the last quarter. GAMMA Investing LLC acquired a new position in Zscaler during the 4th quarter valued at about $37,000. Finally, Quadrant Capital Group LLC increased its position in Zscaler by 66.7% during the 4th quarter. Quadrant Capital Group LLC now owns 175 shares of the company’s stock valued at $39,000 after buying an additional 70 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

About Zscaler

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.