The price of Zscaler Inc (NASDAQ:ZS) shares last traded on Wall Street rose 3.26% to $162.25.
ZS stock price is now -13.77% away from the 50-day moving average and -18.29% away from the 200-day moving average. The market capitalization of the company currently stands at $24.52B.
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With the price target reduced from $208 to $197, BMO Capital Markets maintained Outperform rating for Zscaler Inc (NASDAQ: ZS). On September 04, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $195, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, CANESSA REMO, Chief Financial Officer sold 7,981 shares of the company’s stock on Jun 20 ’24. The stock was sold for $1,414,337 at an average price of $177.21. Upon completion of the transaction, the Chief Financial Officer now directly owns 243,486 shares in the company, valued at $39.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’24, Chief Financial Officer CANESSA REMO sold 4,689 shares of the business’s stock. A total of $848,381 was realized by selling the stock at an average price of $180.93. This leaves the insider owning 251,467 shares of the company worth $40.8 million. A total of 38.67% of the company’s stock is owned by insiders.
During the past 12 months, Zscaler Inc has had a low of $146.59 and a high of $259.61. As of last week, the company has a debt-to-equity ratio of 0.97, a current ratio of 1.04, and a quick ratio of 1.67. The fifty day moving average price for ZS is $188.1608 and a two-hundred day moving average price translates $198.57335 for the stock.
The latest earnings results from Zscaler Inc (NASDAQ: ZS) was released for 2024-07-31. The net profit margin was -2.66% and return on equity was -5.77% for ZS. The company reported revenue of $553.2 million for the quarter, compared to $418.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.09 percent. For the current quarter, analysts expect ZS to generate $605.81M in revenue.
