Zscaler (NASDAQ:ZS) Receives Neutral Rating from Cantor Fitzgerald

Cantor Fitzgerald reissued their neutral rating on shares of Zscaler (NASDAQ:ZS) in a research report report published on Wednesday morning, Benzinga reports. The firm currently has a $230.00 target price on the stock.

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. upped their price target on Zscaler from $212.00 to $240.00 and gave the stock a neutral rating in a research note on Monday, February 26th. Rosenblatt Securities upped their price target on Zscaler from $285.00 to $290.00 and gave the stock a buy rating in a research note on Friday, March 1st. Wedbush upped their price target on Zscaler from $250.00 to $260.00 and gave the stock an outperform rating in a research note on Friday, March 1st. Macquarie reaffirmed an outperform rating and issued a $245.00 target price on shares of Zscaler in a research report on Tuesday, March 19th. Finally, Sanford C. Bernstein decreased their target price on Zscaler from $311.00 to $280.00 and set an outperform rating for the company in a research report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $230.55.

Zscaler Stock Down 0.8 %

Zscaler stock opened at $172.96 on Wednesday. The stock has a fifty day moving average price of $209.32 and a 200 day moving average price of $202.81. Zscaler has a 52 week low of $84.93 and a 52 week high of $259.61. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.19.

Zscaler (NASDAQ:ZS) last released its earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. The firm had revenue of $525.00 million during the quarter, compared to analyst estimates of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. As a group, analysts expect that Zscaler will post -0.81 earnings per share for the current year.

Insider Transactions at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $408,512.25. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Remo Canessa sold 7,707 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $193.15, for a total value of $1,488,607.05. Following the sale, the chief financial officer now owns 255,943 shares in the company, valued at $49,435,390.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,715 shares of company stock worth $5,865,882. 19.20% of the stock is currently owned by company insiders.

Institutional Trading of Zscaler

Several large investors have recently added to or reduced their stakes in the business. Deltec Asset Management LLC acquired a new stake in Zscaler in the 1st quarter valued at approximately $2,678,000. Hennion & Walsh Asset Management Inc. increased its position in Zscaler by 109.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,455 shares of the company’s stock valued at $666,000 after acquiring an additional 1,803 shares during the period. KRS Capital Management LLC increased its position in Zscaler by 45.2% in the 1st quarter. KRS Capital Management LLC now owns 3,151 shares of the company’s stock valued at $607,000 after acquiring an additional 981 shares during the period. Norway Savings Bank increased its position in Zscaler by 33.7% in the 1st quarter. Norway Savings Bank now owns 3,770 shares of the company’s stock valued at $726,000 after acquiring an additional 950 shares during the period. Finally, Tlwm increased its position in Zscaler by 62.8% in the 1st quarter. Tlwm now owns 4,412 shares of the company’s stock valued at $850,000 after acquiring an additional 1,702 shares during the period. 46.45% of the stock is currently owned by institutional investors and hedge funds.

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.