Zscaler (NASDAQ:ZS) Price Target Raised to $250.00 at Barclays

Zscaler (NASDAQ:ZS) had its target price raised by Barclays from $220.00 to $250.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities research analysts have also weighed in on ZS. Mizuho lifted their price objective on Zscaler from $210.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Guggenheim reiterated a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Loop Capital decreased their price objective on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 target price on shares of Zscaler in a research report on Friday, January 10th. Finally, Jefferies Financial Group boosted their price target on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.56.

Zscaler Trading Down 4.1 %

NASDAQ:ZS opened at $198.56 on Friday. The company has a fifty day moving average of $195.38 and a 200 day moving average of $190.54. Zscaler has a 52 week low of $153.45 and a 52 week high of $251.55.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. The firm had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.18) earnings per share. On average, sell-side analysts predict that Zscaler will post -0.1 EPS for the current year.

Insider Buying and Selling at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares in the company, valued at $71,828,542.08. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Remo Canessa sold 3,703 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $741,784.96. Following the completion of the sale, the chief financial officer now owns 220,635 shares in the company, valued at $44,197,603.20. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,248 shares of company stock worth $2,052,879. Insiders own 18.10% of the company’s stock.

Institutional Trading of Zscaler

A number of hedge funds have recently bought and sold shares of ZS. Fred Alger Management LLC increased its holdings in Zscaler by 1,151.0% during the third quarter. Fred Alger Management LLC now owns 10,371 shares of the company’s stock valued at $1,773,000 after buying an additional 9,542 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Zscaler by 7.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 221,212 shares of the company’s stock valued at $37,495,000 after acquiring an additional 14,701 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Zscaler by 11.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 380,463 shares of the company’s stock worth $65,036,000 after purchasing an additional 37,801 shares in the last quarter. Zweig DiMenna Associates LLC raised its holdings in Zscaler by 29.8% in the 4th quarter. Zweig DiMenna Associates LLC now owns 77,941 shares of the company’s stock worth $14,061,000 after purchasing an additional 17,900 shares during the period. Finally, Baader Bank Aktiengesellschaft lifted its position in Zscaler by 30.3% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 8,400 shares of the company’s stock valued at $1,515,000 after purchasing an additional 1,952 shares in the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

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.