Zscaler Inc (NASDAQ:ZS) has received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $38.13.
ZS has been the subject of several research analyst reports. Robert W. Baird reiterated an “outperform” rating on shares of Zscaler in a research note on Thursday, October 18th. Morgan Stanley lowered shares of Zscaler from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 15th. Wedbush initiated coverage on shares of Zscaler in a research note on Thursday, October 18th. They issued an “outperform” rating and a $48.00 price objective for the company. Guggenheim initiated coverage on shares of Zscaler in a research note on Monday, December 10th. They issued a “neutral” rating and a $40.00 price objective for the company. Finally, Piper Jaffray Companies initiated coverage on shares of Zscaler in a research note on Friday, January 11th. They issued an “overweight” rating and a $50.00 price objective for the company.
Zscaler stock traded up $0.43 during mid-day trading on Monday, hitting $48.46. 1,023,791 shares of the stock were exchanged, compared to its average volume of 1,392,990. Zscaler has a 12 month low of $24.76 and a 12 month high of $49.95. The firm has a market cap of $5.87 billion and a price-to-earnings ratio of -156.32.
Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, December 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $63.30 million for the quarter, compared to analysts’ expectations of $58.66 million. Zscaler’s revenue for the quarter was up 58.6% on a year-over-year basis. Equities research analysts expect that Zscaler will post -0.27 EPS for the current fiscal year.
In related news, EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $40.43, for a total value of $194,347.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Schlossman sold 1,562 shares of Zscaler stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $61,167.92. The disclosure for this sale can be found here. In the last three months, insiders sold 239,790 shares of company stock valued at $10,791,992. 27.40% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ZS. FMR LLC boosted its holdings in Zscaler by 305.1% during the 2nd quarter. FMR LLC now owns 5,260,146 shares of the company’s stock worth $188,050,000 after acquiring an additional 3,961,759 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Zscaler by 366.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,363,453 shares of the company’s stock worth $137,162,000 after acquiring an additional 2,642,516 shares during the last quarter. BlackRock Inc. boosted its holdings in Zscaler by 190.5% during the 4th quarter. BlackRock Inc. now owns 3,685,346 shares of the company’s stock worth $144,501,000 after acquiring an additional 2,416,720 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Zscaler by 5,565.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,176,346 shares of the company’s stock worth $47,971,000 after acquiring an additional 1,155,583 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Zscaler by 3,428.6% during the 3rd quarter. Teachers Advisors LLC now owns 916,167 shares of the company’s stock worth $37,361,000 after acquiring an additional 890,203 shares during the last quarter. 24.35% of the stock is currently owned by hedge funds and other institutional investors.
Zscaler Company Profile
Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
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