Zscaler Inc (NASDAQ: ZS) is -5.29% lower on its value in year-to-date trading and has touched a low of $153.45 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 $209.04 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $209.85, the stock is 10.29% and 16.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing 0.39% at the moment leaves the stock 10.53% off its SMA200. ZS registered 17.78% gain for a year compared to 6-month gain of 15.86%. The firm has a 50-day simple moving average (SMA 50) of $179.3616 and a 200-day simple moving average (SMA200) of $190.0132.
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The stock witnessed a 7.53% loss in the last 1 month and extending the period to 3 months gives it a 10.25%, and is 8.71% 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 3.40% over the week and 2.79% over the month.
Zscaler Inc (ZS) has around 7348 employees, a market worth around $32.00B and $2.17B in sales. Fwd P/E is 60.09. Profit margin for the company is -2.66%. Distance from 52-week low is 36.75% and -19.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.38%).
The EPS is expected to shrink by -10.59% this year
1084.0 institutions hold shares in Zscaler Inc (ZS), with institutional investors hold 82.70% of the company’s shares. The shares outstanding are 152.49M, and float is at 94.08M with Short Float at 4.59%. Institutions hold 51.38% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.31 million shares valued at $1.79 billion. The investor’s holdings represent 6.1937 of the ZS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.93 million shares valued at $1.33 billion to account for 4.6084 of the shares outstanding. The other top investors are AMERICAN CENTURY COMPANIES INC which holds 2.72 million shares representing 1.8107 and valued at over $523.01 million, while GOLDMAN SACHS GROUP INC holds 1.7447 of the shares totaling 2.62 million with a market value of $503.94 million.
Zscaler Inc (ZS) Insider Activity
The most recent transaction is an insider sale by Schlossman Robert, the company’s Chief Legal Officer. SEC filings show that Schlossman Robert sold 1,435 shares of the company’s common stock on Oct 09 ’24 at a price of $181.70 per share for a total of $0.26 million. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Sep 30 ’24, Schlossman Robert (Chief Legal Officer) disposed off 4,947 shares at an average price of $170.22 for $0.84 million. The insider now directly holds 107,241 shares of Zscaler Inc (ZS).
