Zscaler's (ZS) "Buy" Rating Reaffirmed at UBS Group

Zscaler (NASDAQ:ZS - Get Free Report)'s stock had its "buy" rating restated by stock analysts at UBS Group in a research report issued on Friday, May 30th, MarketBeat reports. They presently have a $315.00 price target on the stock, up from their previous price target of $260.00. UBS Group's price objective would indicate a potential upside of 3.12% from the company's current price.

ZS has been the topic of a number of other reports. Scotiabank reiterated a "sector outperform" rating and issued a $242.00 target price (up from $225.00) on shares of Zscaler in a research report on Wednesday, March 5th. Stifel Nicolaus increased their price target on Zscaler from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, May 16th. The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the stock a "neutral" rating in a research note on Thursday, March 6th. JMP Securities increased their target price on shares of Zscaler from $240.00 to $310.00 and gave the stock a "market outperform" rating in a report on Friday, May 30th. Finally, Robert W. Baird raised their price objective on Zscaler from $240.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, March 6th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zscaler currently has an average rating of "Moderate Buy" and a consensus price target of $282.38.

Zscaler Stock Up 1.5%

NASDAQ:ZS traded up $4.58 during trading hours on Friday, hitting $305.46. 1,452,010 shares of the stock traded hands, compared to its average volume of 2,062,664. Zscaler has a 1 year low of $153.45 and a 1 year high of $306.71. The stock has a 50 day moving average price of $227.81 and a 200 day moving average price of $208.86. The company has a market cap of $47.26 billion, a price-to-earnings ratio of -1,221.12 and a beta of 1.14.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $678.03 million for the quarter, compared to the consensus estimate of $667.13 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The business's revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. Equities analysts forecast that Zscaler will post -0.1 earnings per share for the current fiscal year.

Insider Transactions at Zscaler

In related news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $199.15, for a total transaction of $429,168.25. Following the completion of the transaction, the chief executive officer now owns 356,414 shares in the company, valued at $70,979,848.10. This represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Syam Nair sold 28,947 shares of Zscaler stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $250.00, for a total value of $7,236,750.00. Following the completion of the sale, the insider now directly owns 110,566 shares in the company, valued at $27,641,500. This represents a 20.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 241,771 shares of company stock valued at $50,165,040 in the last 90 days. 18.10% of the stock is currently owned by company insiders.

Institutional Trading of Zscaler

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ORG Partners LLC lifted its position in Zscaler by 284.8% in the first quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after buying an additional 94 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Zscaler in the 1st quarter valued at approximately $26,000. Global X Japan Co. Ltd. lifted its holdings in shares of Zscaler by 127.4% in the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company's stock worth $25,000 after acquiring an additional 79 shares during the last quarter. Goodman Advisory Group LLC purchased a new position in shares of Zscaler during the 1st quarter worth approximately $29,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Zscaler in the 1st quarter valued at approximately $29,000. 46.45% of the stock is owned by institutional investors and hedge funds.

About Zscaler

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.