Zscaler Inc (NASDAQ: ZS) is -11.76% lower on its value in year-to-date trading and has touched a low of $131.59 and a high of $259.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZS stock was last observed hovering at around $192.90 in the last trading session, with the day’s gains setting it 2.6%.
Currently trading at $195.50, the stock is 9.60% and 5.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 1.35% at the moment leaves the stock -0.84% off its SMA200. ZS registered 44.12% gain for a year compared to 6-month loss of -22.65%.
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The stock witnessed a 3.69% gain in the last 1 month and extending the period to 3 months gives it a 9.30%, and is 13.30% 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 3.05% over the week and 3.61% over the month.
Zscaler Inc (ZS) has around 5962 employees, a market worth around $29.55B and $2.03B in sales. Fwd P/E is 58.75. Profit margin for the company is -3.62%. Distance from 52-week low is 48.57% and -24.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.23%).
The EPS is expected to grow by 68.40% this year.
Zscaler Inc (ZS) Top Institutional Holders
1089.0 institutions hold shares in Zscaler Inc (ZS), with institutional investors hold 82.07% of the company’s shares. The shares outstanding are 147.17M, and float is at 92.60M with Short Float at 4.84%. Institutions hold 50.69% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.96 million shares valued at $$1.73 billion. The investor’s holdings represent 6.0166 of the ZS Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 6.92 million shares valued at $$1.33 billion to account for 4.6452 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 2.1 million shares representing 1.4127 and valued at over $$405.35 million, while STATE STREET CORP holds 1.3227 of the shares totaling 1.97 million with a market value of $$379.51 million.
Zscaler Inc (ZS) Insider Activity
The most recent transaction is an insider sale by CANESSA REMO,the company’sChief Financial Officer. SEC filings show that CANESSA REMO sold 7,981 shares of the company’s common stock on Jun 20 ’24 at a price of $177.21 per share for a total of $1.41 million. Following the sale, the insider now owns 0.24 million shares.
Zscaler Inc disclosed in a document filed with the SEC on Jun 18 ’24 that CANESSA REMO (Chief Financial Officer) sold a total of 4,689 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $180.93 per share for $0.85 million. Following the transaction, the insider now directly holds 0.25 million shares of the ZS stock.
Still, SEC filings show that on Jun 21 ’24, CANESSA REMO (Chief Financial Officer) disposed off 3,238 shares at an average price of $177.54 for $0.57 million. The insider now directly holds 240,248 shares of Zscaler Inc (ZS).
