Stocks of Zscaler Inc (NASDAQ:ZS) traded higher last session on Wall Street, up 8.50% to $169.96.
ZS stock price is now -5.20% away from the 50-day moving average and -10.28% away from the 200-day moving average. The market capitalization of the company currently stands at $25.47B.
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With the price target reduced from $275 to $182, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Zscaler Inc (NASDAQ: ZS). On May 28, 2024, Rosenblatt Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $190, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Schlossman Robert, Chief Legal Officer sold 5,484 shares of the company’s stock on Mar 19 ’24. The stock was sold for $1,063,224 at an average price of $193.88. Upon completion of the transaction, the Chief Legal Officer now directly owns 118,494 shares in the company, valued at $20.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Chief Financial Officer CANESSA REMO sold 7,707 shares of the business’s stock. A total of $1,488,579 was realized by selling the stock at an average price of $193.15. This leaves the insider owning 255,943 shares of the company worth $43.5 million. A total of 39.95% of the company’s stock is owned by insiders.
During the past 12 months, Zscaler Inc has had a low of $128.12 and a high of $259.61. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 1.67, and a quick ratio of 1.90. The fifty day moving average price for ZS is $178.7432 and a two-hundred day moving average price translates $189.56805 for the stock.
The latest earnings results from Zscaler Inc (NASDAQ: ZS) was released for 2024-01-31. The net profit margin was -3.62% and return on equity was -8.68% for ZS. The company reported revenue of $525.0 million for the quarter, compared to $387.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.45 percent.
