Zscaler, Inc. (NASDAQ:ZS) Receives $224.00 Consensus Price Target from Analysts

Shares of Zscaler, Inc. (NASDAQ:ZSGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-four research firms that are covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $224.00.

Several research firms have recently commented on ZS. Loop Capital reduced their price target on Zscaler from $225.00 to $180.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Robert W. Baird reduced their target price on Zscaler from $265.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Royal Bank of Canada upped their target price on Zscaler from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Morgan Stanley reduced their target price on Zscaler from $214.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Finally, Scotiabank reduced their target price on Zscaler from $250.00 to $210.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 31st.

Check Out Our Latest Research Report on Zscaler

Insider Transactions at Zscaler

In related news, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the transaction, the insider now owns 137,294 shares in the company, valued at approximately $26,518,336.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Syam Nair sold 2,893 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $558,782.95. Following the completion of the transaction, the insider now owns 137,294 shares in the company, valued at approximately $26,518,336.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Remo Canessa sold 7,707 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $193.15, for a total transaction of $1,488,607.05. Following the transaction, the chief financial officer now owns 255,943 shares of the company’s stock, valued at approximately $49,435,390.45. The disclosure for this sale can be found here. Insiders sold 12,715 shares of company stock valued at $2,455,902 over the last 90 days. Corporate insiders own 19.20% of the company’s stock.

Institutional Trading of Zscaler

Several large investors have recently bought and sold shares of ZS. Principal Financial Group Inc. grew its stake in Zscaler by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 10,790 shares of the company’s stock valued at $1,679,000 after acquiring an additional 363 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Zscaler by 27.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,059 shares of the company’s stock valued at $320,000 after buying an additional 449 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Zscaler in the 3rd quarter valued at approximately $224,000. Atria Wealth Solutions Inc. grew its stake in shares of Zscaler by 37.5% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 8,767 shares of the company’s stock valued at $1,364,000 after buying an additional 2,393 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Zscaler by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 293,732 shares of the company’s stock valued at $45,702,000 after buying an additional 7,184 shares during the period. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Stock Down 4.1 %

Shares of ZS stock opened at $181.05 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.98 and a debt-to-equity ratio of 1.04. Zscaler has a twelve month low of $131.59 and a twelve month high of $259.61. The stock has a fifty day simple moving average of $176.12 and a two-hundred day simple moving average of $204.12.

About Zscaler

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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.

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Analyst Recommendations for Zscaler (NASDAQ:ZS)

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