Zscaler (NASDAQ:ZS) PT Lowered to $205.00 at Barclays

Zscaler (NASDAQ:ZS - Get Free Report) had its price objective decreased by equities researchers at Barclays from $240.00 to $205.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 13.51% from the stock's current price.

A number of other brokerages have also commented on ZS. Mizuho decreased their price objective on Zscaler from $310.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday. Robert W. Baird increased their price objective on Zscaler from $255.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, March 1st. BMO Capital Markets decreased their price objective on Zscaler from $268.00 to $255.00 and set an "outperform" rating on the stock in a research report on Friday, March 1st. Morgan Stanley increased their price objective on Zscaler from $195.00 to $214.00 and gave the company an "equal weight" rating in a research report on Monday, February 26th. Finally, KeyCorp upgraded Zscaler from a "sector weight" rating to an "overweight" rating and set a $220.00 price objective on the stock in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Zscaler presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.26.

Zscaler Stock Performance

Shares of NASDAQ ZS traded up $1.74 during trading hours on Monday, hitting $180.60. 1,240,153 shares of the company's stock were exchanged, compared to its average volume of 2,118,265. Zscaler has a 1-year low of $123.21 and a 1-year high of $259.61. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of -190.11 and a beta of 0.85. The company's 50-day moving average price is $183.28 and its 200-day moving average price is $205.17.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. The firm had revenue of $525.00 million during the quarter, compared to analysts' expectations of $507.56 million. Zscaler had a negative return on equity of 14.60% and a negative net margin of 7.32%. On average, sell-side analysts expect that Zscaler will post -0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,115 shares of the company's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $193.15, for a total transaction of $408,512.25. Following the sale, the chief executive officer now owns 367,152 shares of the company's stock, valued at $70,915,408.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 transaction, the insider now owns 137,294 shares in the company, valued at $26,518,336.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,115 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 $408,512.25. Following the completion of the sale, the chief executive officer now owns 367,152 shares in the company, valued at approximately $70,915,408.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,715 shares of company stock valued at $2,455,902. 19.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Spire Wealth Management boosted its holdings in Zscaler by 24.5% in the 4th quarter. Spire Wealth Management now owns 249 shares of the company's stock worth $58,000 after buying an additional 49 shares during the period. US Bancorp DE boosted its holdings in Zscaler by 0.3% in the 4th quarter. US Bancorp DE now owns 22,944 shares of the company's stock worth $5,083,000 after buying an additional 59 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Zscaler by 1.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,761 shares of the company's stock valued at $585,000 after purchasing an additional 63 shares during the period. Kovack Advisors Inc. boosted its holdings in Zscaler by 3.4% in the 1st quarter. Kovack Advisors Inc. now owns 2,042 shares of the company's stock valued at $393,000 after purchasing an additional 67 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in Zscaler by 41.1% in the 4th quarter. Lindbrook Capital LLC now owns 237 shares of the company's stock valued at $53,000 after purchasing an additional 69 shares during the period. 46.45% of the stock is owned by institutional investors.

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.