Zscaler (NASDAQ:ZS) Given New $210.00 Price Target at Mizuho

Zscaler (NASDAQ:ZS – Get Rating) had its target price decreased by equities research analysts at Mizuho from $350.00 to $210.00 in a research note issued on Wednesday, May 18th, The Fly reports. The brokerage presently has a “buy” rating on the stock. Mizuho’s price objective points to a potential upside of 49.07% from the company’s current price.

Several other equities analysts have also weighed in on the stock. BMO Capital Markets reduced their price target on shares of Zscaler from $415.00 to $270.00 and set an “outperform” rating for the company in a research report on Friday, February 25th. Canaccord Genuity Group dropped their price objective on shares of Zscaler from $400.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, February 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Zscaler from $430.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Loop Capital dropped their price objective on shares of Zscaler from $360.00 to $245.00 in a report on Friday, February 25th. Finally, JMP Securities started coverage on shares of Zscaler in a report on Tuesday, February 22nd. They set a “market perform” rating and a $350.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $290.53.

Shares of NASDAQ ZS traded up $8.29 during trading on Wednesday, hitting $140.87. The stock had a trading volume of 187,445 shares, compared to its average volume of 2,680,416. Zscaler has a 12 month low of $125.12 and a 12 month high of $376.11. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market capitalization of $19.87 billion, a PE ratio of -60.08 and a beta of 1.09. The firm has a fifty day moving average of $201.28 and a two-hundred day moving average of $253.97.

Zscaler (NASDAQ:ZS – Get Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.57) by ($0.03). The company had revenue of $255.56 million for the quarter, compared to the consensus estimate of $241.87 million. Zscaler had a negative net margin of 38.47% and a negative return on equity of 51.11%. Zscaler’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.39) EPS. On average, equities analysts expect that Zscaler will post -2.34 earnings per share for the current fiscal year.

In related news, COO Dali Rajic sold 12,568 shares of the stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total value of $2,552,435.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Amit Sinha sold 6,000 shares of the stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $250.89, for a total transaction of $1,505,340.00. Following the completion of the sale, the president now directly owns 275,860 shares of the company’s stock, valued at $69,210,515.40. The disclosure for this sale can be found here. Insiders have sold a total of 36,779 shares of company stock worth $7,896,977 in the last 90 days. Company insiders own 20.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Zscaler by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,611,843 shares of the company’s stock valued at $1,836,586,000 after buying an additional 68,301 shares in the last quarter. Capital Research Global Investors grew its holdings in Zscaler by 40.4% during the 1st quarter. Capital Research Global Investors now owns 4,377,330 shares of the company’s stock valued at $1,056,162,000 after buying an additional 1,259,876 shares in the last quarter. First Trust Advisors LP grew its holdings in Zscaler by 75.2% during the 1st quarter. First Trust Advisors LP now owns 2,265,816 shares of the company’s stock valued at $546,696,000 after buying an additional 972,637 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Zscaler by 20.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,773,065 shares of the company’s stock valued at $464,933,000 after buying an additional 300,446 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Zscaler by 3.3% during the 4th quarter. Nuveen Asset Management LLC now owns 1,220,097 shares of the company’s stock valued at $392,054,000 after acquiring an additional 38,586 shares during the last quarter. 43.41% of the stock is owned by institutional investors and hedge funds.

Zscaler Company Profile (Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device 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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