Zscaler, Inc. (NASDAQ:ZS – Get Free Report) saw unusually large options trading activity on Tuesday. Stock traders purchased 18,085 call options on the stock. This is an increase of approximately 54% compared to the average daily volume of 11,712 call options.
Zscaler Price Performance
Shares of NASDAQ ZS traded up $6.50 during midday trading on Tuesday, hitting $206.04. The stock had a trading volume of 642,235 shares, compared to its average volume of 2,028,563. Zscaler has a fifty-two week low of $153.45 and a fifty-two week high of $259.61. The company’s 50-day simple moving average is $179.04 and its 200 day simple moving average is $181.76. The firm has a market cap of $31.42 billion, a P/E ratio of -498.84 and a beta of 0.82.
Zscaler (NASDAQ:ZS – Get Free Report) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. During the same period in the previous year, the firm earned ($0.17) earnings per share. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. Equities analysts expect that Zscaler will post -0.95 EPS for the current fiscal year.
Insider Transactions at Zscaler
Institutional Investors Weigh In On Zscaler
Hedge funds have recently modified their holdings of the business. Quest Partners LLC acquired a new position in Zscaler in the 2nd quarter worth $28,000. Asset Dedication LLC raised its holdings in shares of Zscaler by 436.8% in the second quarter. Asset Dedication LLC now owns 204 shares of the company’s stock valued at $39,000 after purchasing an additional 166 shares during the last quarter. American Capital Advisory LLC bought a new stake in shares of Zscaler in the second quarter worth $50,000. GAMMA Investing LLC boosted its holdings in Zscaler by 21.3% during the second quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $73,000 after purchasing an additional 67 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Zscaler by 613.0% in the 2nd quarter. Quarry LP now owns 385 shares of the company’s stock valued at $74,000 after acquiring an additional 331 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on ZS shares. Piper Sandler lowered their price objective on shares of Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley boosted their price target on shares of Zscaler from $202.00 to $215.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Zscaler in a report on Wednesday, September 4th. JMP Securities reissued a “market outperform” rating and issued a $270.00 price objective on shares of Zscaler in a report on Monday, November 4th. Finally, UBS Group cut their price objective on shares of Zscaler from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.73.
View Our Latest Research Report on ZS
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.
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