Zscaler Inc. (ZS) – Don’t Be So Quick to Call it Dead

Zscaler Inc. (NASDAQ: ZS) is -0.51% lower on its value in year-to-date trading and has touched a low of $35.00 and a high of $212.59 in the current 52-week trading range. The ZS stock was last observed hovering at around $197.37 in the last trading session, with the day’s gains setting it 1.33% off its average median price target of $190.00 for the next 12 months. It is also 17.21% off the consensus price target high of $240.00 offered by 25 analysts, but current levels are -52.85% lower than the price target low of $130.00 for the same period.


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Currently trading at $198.70, the stock is 2.53% and 19.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.49 million and changing 0.67% at the moment leaves the stock 59.45% off its SMA200. ZS registered 261.27% gain for a year compared to 6-month gain of 65.71%. The firm has a 50-day simple moving average (SMA 50) of $181.77 and a 200-day simple moving average (SMA200) of $145.12.

The stock witnessed a 12.45% loss in the last 1 month and extending the period to 3 months gives it a 30.76%, and is 1.33% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.57% over the week and 3.97% over the month.

Zscaler Inc. (ZS) has around 2020 employees, a market worth around $26.08B and $480.30M in sales. Fwd P/E is 333.39. Profit margin for the company is -31.90%. Distance from 52-week low is 467.71% and -6.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.60%).

Zscaler Inc. (ZS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Zscaler Inc. (ZS) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.20, where 11 rate it as a Hold and 1 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Zscaler Inc. is expected to release its quarterly report on 03/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $147.3M over the same period.The EPS is expected to shrink by -283.80% this year, but quarterly earnings will post 41.90% year-over-year.

Zscaler Inc. (ZS) Top Institutional Holders

600 institutions hold shares in Zscaler Inc. (ZS), with 58.39M shares held by insiders accounting for 43.52% while institutional investors hold 74.57% of the company’s shares. The shares outstanding are 133.45M, and float is at 75.80M with Short Float at 8.66%. Institutions hold 42.12% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 6.62 million shares valued at $931.15 million. The investor’s holdings represent 4.93% of the ZS Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 5.98 million shares valued at $841.56 million to account for 4.46% of the shares outstanding. The other top investors are Allianz Asset Management GmbH which holds 3.17 million shares representing 2.36% and valued at over $445.45 million, while JP Morgan Chase & Company holds 2.13% of the shares totaling 2.86 million with a market value of $402.41 million.

Zscaler Inc. (ZS) Insider Activity

A total of 157 insider transactions have happened at Zscaler Inc. (ZS) in the last six months, with sales accounting for 133 and purchases happening 24 times. The most recent transaction is an insider sale by Sinha Amit, the company’s President of R&D and CTO. SEC filings show that Sinha Amit sold 7,000 shares of the company’s common stock on Jan 07 at a price of $191.20 per share for a total of $1.34 million. Following the sale, the insider now owns 0.25 million shares.

Zscaler Inc. disclosed in a document filed with the SEC on Jan 04 that BLASING KAREN (Director) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Jan 04 and was made at $195.47 per share for $0.59 million. Following the transaction, the insider now directly holds 595.0 shares of the ZS stock.

Still, SEC filings show that on Dec 24, Mangal Ajay (10% Owner) disposed off 75,000 shares at an average price of $206.22 for $15.47 million. The insider now directly holds 2,727,830 shares of Zscaler Inc. (ZS).

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