Zscaler (NASDAQ:ZS) Stock Price Up 0.6%

Zscaler, Inc. (NASDAQ:ZS) rose 0.6% during trading on Tuesday . The company traded as high as $182.49 and last traded at $182.20. Approximately 272,792 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 2,243,909 shares. The stock had previously closed at $181.06.

Wall Street Analyst Weigh In

ZS has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Zscaler from $189.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Barclays upped their price target on shares of Zscaler from $205.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Wedbush increased their target price on shares of Zscaler from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. BTIG Research dropped their target price on shares of Zscaler from $258.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Needham & Company LLC reiterated a “strong-buy” rating and set a $290.00 target price on shares of Zscaler in a report on Friday, June 14th. Six research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.21.

Zscaler Stock Down 2.0 %

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75. The company’s 50-day moving average is $176.10 and its 200 day moving average is $202.96.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Thursday, May 30th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.39. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. The firm had revenue of $553.20 million during the quarter, compared to analyst estimates of $535.55 million. Analysts expect that Zscaler, Inc. will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 7,981 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the completion of the transaction, the chief financial officer now directly owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 19.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zscaler

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Spire Wealth Management grew its stake in Zscaler by 24.5% in the 4th quarter. Spire Wealth Management now owns 249 shares of the company’s stock valued at $58,000 after acquiring an additional 49 shares during the period. US Bancorp DE grew its stake in Zscaler by 0.3% in the 4th quarter. US Bancorp DE now owns 22,944 shares of the company’s stock valued at $5,083,000 after acquiring an additional 59 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in Zscaler by 1.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company’s stock valued at $585,000 after acquiring an additional 63 shares during the period. Kovack Advisors Inc. grew its stake in Zscaler by 3.4% in the 1st quarter. Kovack Advisors Inc. now owns 2,042 shares of the company’s stock valued at $393,000 after acquiring an additional 67 shares during the period. Finally, Lindbrook Capital LLC grew its stake in Zscaler by 41.1% in the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company’s stock valued at $53,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 46.45% of the company’s stock.

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.