Zscaler (NASDAQ:ZS) had its price target trimmed by Barclays from $80.00 to $54.00 in a report released on Wednesday morning, The Fly reports. The firm currently has an equal weight rating on the stock.

ZS has been the topic of several other reports. Wedbush boosted their target price on Zscaler from $87.00 to $90.00 and gave the stock an outperform rating in a report on Wednesday, July 24th. Robert W. Baird set a $80.00 target price on Zscaler and gave the stock a buy rating in a report on Friday, September 6th. Needham & Company LLC reissued a strong-buy rating and issued a $89.00 target price (up from $65.00) on shares of Zscaler in a report on Friday, May 31st. Cowen assumed coverage on Zscaler in a report on Thursday, May 23rd. They issued an outperform rating and a $85.00 target price on the stock. Finally, Berenberg Bank assumed coverage on Zscaler in a report on Friday, May 31st. They issued a hold rating and a $78.00 target price on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $67.50.

ZS stock opened at $47.48 on Wednesday. Zscaler has a 1-year low of $30.72 and a 1-year high of $89.54. The firm has a market cap of $6.24 billion, a P/E ratio of -395.67 and a beta of 1.29. The business’s 50 day moving average is $75.30 and its 200-day moving average is $72.12.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.06. Zscaler had a negative return on equity of 9.78% and a negative net margin of 9.46%. The company had revenue of $86.11 million for the quarter, compared to analyst estimates of $82.15 million. On average, research analysts expect that Zscaler will post -0.24 earnings per share for the current fiscal year.

In other Zscaler news, Director Karen Blasing sold 1,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $77.12, for a total transaction of $77,120.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Schlossman sold 1,213 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $77.80, for a total value of $94,371.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,774 shares of company stock worth $15,730,959. Company insiders own 27.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of Zscaler by 92.5% in the 4th quarter. Geode Capital Management LLC now owns 432,787 shares of the company’s stock valued at $16,969,000 after purchasing an additional 207,920 shares during the period. Bank of Montreal Can lifted its stake in shares of Zscaler by 140.3% in the 1st quarter. Bank of Montreal Can now owns 5,404 shares of the company’s stock valued at $384,000 after purchasing an additional 3,155 shares during the period. SG Americas Securities LLC acquired a new position in shares of Zscaler in the 1st quarter valued at $195,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Zscaler by 26.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 22,223 shares of the company’s stock valued at $1,576,000 after purchasing an additional 4,610 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of Zscaler by 104.3% in the 1st quarter. California Public Employees Retirement System now owns 58,219 shares of the company’s stock valued at $4,129,000 after purchasing an additional 29,719 shares during the period. 33.49% of the stock is currently owned by hedge funds and other institutional investors.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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Analyst Recommendations for Zscaler (NASDAQ:ZS)

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