Shares of Zscaler, Inc. (NASDAQ:ZS) hit a new 52-week high during mid-day trading on Wednesday after Truist raised their price target on the stock from $130.00 to $175.00. The stock traded as high as $214.48 and last traded at $213.93, with a volume of 46052 shares trading hands. The stock had previously closed at $205.90.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered Zscaler from an “overweight” rating to a “neutral” rating and set a $190.00 price target on the stock. in a research report on Thursday, December 10th. Robert W. Baird boosted their price target on Zscaler from $180.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday. BMO Capital Markets boosted their price target on Zscaler from $155.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 2nd. Royal Bank of Canada boosted their price target on Zscaler from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, November 30th. Finally, Needham & Company LLC boosted their price target on Zscaler from $215.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $168.88.

In other news, Director Karen Blasing sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $134.87, for a total value of $404,610.00. Following the transaction, the director now owns 4,637 shares in the company, valued at approximately $625,392.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amit Sinha sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, January 7th. The stock was sold at an average price of $191.20, for a total transaction of $1,338,400.00. Following the completion of the transaction, the insider now owns 256,646 shares in the company, valued at approximately $49,070,715.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 290,540 shares of company stock valued at $56,071,621. Company insiders own 23.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ZS. BlackRock Inc. lifted its position in shares of Zscaler by 10.7% during the 3rd quarter. BlackRock Inc. now owns 5,981,644 shares of the company’s stock valued at $841,558,000 after acquiring an additional 580,073 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Zscaler by 1.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 3,166,213 shares of the company’s stock valued at $445,455,000 after acquiring an additional 59,243 shares during the period. FMR LLC lifted its position in shares of Zscaler by 19.5% during the 2nd quarter. FMR LLC now owns 1,957,321 shares of the company’s stock valued at $214,326,000 after acquiring an additional 318,736 shares during the period. First Trust Advisors LP lifted its position in shares of Zscaler by 21.5% during the 3rd quarter. First Trust Advisors LP now owns 1,638,024 shares of the company’s stock valued at $230,454,000 after acquiring an additional 290,158 shares during the period. Finally, State Street Corp lifted its position in shares of Zscaler by 65.9% during the 3rd quarter. State Street Corp now owns 1,522,127 shares of the company’s stock valued at $214,148,000 after acquiring an additional 604,465 shares during the period. Hedge funds and other institutional investors own 42.24% of the company’s stock.

The company has a current ratio of 3.73, a quick ratio of 3.73 and a debt-to-equity ratio of 1.78. The stock’s 50-day moving average is $185.25 and its 200-day moving average is $146.72. The company has a market cap of $27.79 billion, a price-to-earnings ratio of -232.67 and a beta of 0.79.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, December 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. Zscaler had a negative net margin of 26.69% and a negative return on equity of 24.33%. The company had revenue of $142.60 million for the quarter, compared to the consensus estimate of $132.29 million. During the same quarter in the previous year, the company earned $0.03 EPS. Zscaler’s quarterly revenue was up 52.4% compared to the same quarter last year. As a group, analysts predict that Zscaler, Inc. will post -1.56 EPS for the current year.

Zscaler Company Profile (NASDAQ:ZS)

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, and 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 internally managed applications, either hosted internally in data centers, and private or public clouds.

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