Zscaler Inc (NASDAQ:ZS) – Equities researchers at Colliers Secur. boosted their FY2021 earnings estimates for shares of Zscaler in a note issued to investors on Thursday, July 9th. Colliers Secur. analyst C. Trebnick now anticipates that the company will post earnings per share of ($0.86) for the year, up from their previous estimate of ($0.90).

Several other research analysts have also commented on the company. Robert W. Baird boosted their price target on Zscaler from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. SunTrust Banks downgraded shares of Zscaler from a “buy” rating to a “hold” rating and set a $73.00 target price for the company. in a report on Friday, April 24th. Bank of America restated a “buy” rating and issued a $85.00 price target on shares of Zscaler in a report on Tuesday, May 26th. Credit Suisse Group lifted their price objective on shares of Zscaler from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Royal Bank of Canada initiated coverage on shares of Zscaler in a research report on Monday, July 6th. They set an “outperform” rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $96.62.

Zscaler stock opened at $119.91 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.08. The firm has a market cap of $16.23 billion, a P/E ratio of -218.01 and a beta of 0.72. The business has a fifty day moving average of $105.87 and a two-hundred day moving average of $71.17. Zscaler has a twelve month low of $35.00 and a twelve month high of $129.00.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $106.18 million. Zscaler had a negative net margin of 18.10% and a negative return on equity of 14.93%. The company’s revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 EPS.

In other news, insider Manoj Apte sold 16,666 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $125.12, for a total value of $2,085,249.92. Following the sale, the insider now owns 128,922 shares in the company, valued at $16,130,720.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Sinha sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $114.49, for a total transaction of $1,144,900.00. Following the transaction, the insider now directly owns 202,005 shares of the company’s stock, valued at approximately $23,127,552.45. The disclosure for this sale can be found here. Insiders have sold 346,715 shares of company stock valued at $34,948,735 in the last ninety days. Corporate insiders own 23.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. purchased a new stake in Zscaler in the 1st quarter worth approximately $149,000. Victory Capital Management Inc. lifted its stake in shares of Zscaler by 14.3% in the 4th quarter. Victory Capital Management Inc. now owns 15,717 shares of the company’s stock valued at $731,000 after purchasing an additional 1,969 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Zscaler by 31.1% during the fourth quarter. Great West Life Assurance Co. Can now owns 6,216 shares of the company’s stock worth $287,000 after buying an additional 1,476 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Zscaler by 14.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 17,715 shares of the company’s stock valued at $824,000 after buying an additional 2,170 shares during the period. Finally, Blair William & Co. IL acquired a new stake in Zscaler during the fourth quarter valued at $214,000. Institutional investors and hedge funds own 41.15% of the company’s stock.

Zscaler Company Profile

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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