Stocks of Zscaler Inc. (NASDAQ:ZS) traded higher last session on Wall Street, down -2.70% to $158.35.
According to the data, Zscaler Inc. (NASDAQ:ZS) has 41 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $225.00 and a low of $135.00, we find $185.00. Given the previous closing price of $162.74, this indicates a potential upside of 13.68 percent. ZS stock price is now 7.40% away from the 50-day moving average and 24.25% away from the 200-day moving average. The market capitalization of the company currently stands at $22.76B.
A total of 13 analysts have issued a hold rating and 27 have given it a buy rating. Brokers who have rated the stock have averaged $181.05 as their price target over the next twelve months.
With the price target maintained at $185, BTIG Research recently Upgraded its rating from Neutral to Buy for Zscaler Inc. (NASDAQ: ZS).
In other news, Rajic Dali, Chief Operating Officer sold 22,000 shares of the company’s stock on Sep 01. The stock was sold for $3,458,792 at an average price of $157.22. Upon completion of the transaction, the Chief Operating Officer now directly owns 262,406 shares in the company, valued at $41.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21, Chief Financial Officer CANESSA REMO sold 12,500 shares of the business’s stock. A total of $1,800,324 was realized by selling the stock at an average price of $144.03. This leaves the insider owning 272,565 shares of the company worth $43.16 million. Insiders disposed of 399,318 shares of company stock worth roughly $63.23 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ZS stock. A new stake in Zscaler Inc. shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $137,694,000. WESTFIELD CAPITAL MANAGEMENT CO LP invested $56,294,000 in shares of ZS during the first quarter. In the first quarter, NATIONAL PENSION SERVICE acquired a new stake in Zscaler Inc. valued at approximately $24,730,000. CRESSET ASSET MANAGEMENT, LLC acquired a new stake in ZS for approximately $20,810,000. KETTLE HILL CAPITAL MANAGEMENT, LLC purchased a new stake in ZS valued at around $10,949,000 in the second quarter. In total, there are 888 active investors with 49.60% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $159.16 for Zscaler Inc. (NASDAQ: ZS). During the past 12 months, Zscaler Inc. has had a low of $84.93 and a high of $194.21. As of last week, the company has a debt-to-equity ratio of 1.90, a current ratio of 2.00, and a quick ratio of 2.00. The fifty day moving average price for ZS is $147.78 and a two-hundred day moving average price translates $127.53 for the stock.
The latest earnings results from Zscaler Inc. (NASDAQ: ZS) was released for Apr, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.64, beating analysts’ expectations of $0.49 by 0.15. This compares to -$0.72 EPS in the same period last year. The net profit margin was -18.20% and return on equity was -50.50% for ZS. The company reported revenue of $418.8 million for the quarter, compared to $286.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 46.02 percent. For the current quarter, analysts expect ZS to generate $464.75M in revenue.
Zscaler Inc.(ZS) Company Profile
Zscaler, Inc. operates as a cloud security company worldwide. It 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. The company also provides Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, it offers Posture Control solutions comprising Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and PaaS to reduce risk and ensure compliance with industry and organizational benchmarks; Cloud Infrastructure Entitlement Management that detects and remediates excessive or unused cloud permissions and enforces least privileged access without disrupting productivity; Infrastructure as Code (IaC), which analyzes IaC templates to identify misconfigurations and other security issues prior to deployment to cloud infrastructure; and Vulnerability Scanning and Data Loss Prevention solutions. The company’s platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.
