Barclays Sticks to Its Hold Rating for Zscaler Inc

In a report released today, Saket Kalia from Barclays maintained a Hold rating on Zscaler Inc (NASDAQ: ZS), with a price target of $36. The company’s shares closed yesterday at $30.65.

According to TipRanks.com, Kalia is a 4-star analyst with an average return of 14.9% and a 61.0% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, SecureWorks Corp, and Varonis Systems.

Zscaler Inc has an analyst consensus of Moderate Buy, with a price target consensus of $31.50.

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Based on Zscaler Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $8.77 million. In comparison, last year the company had a GAAP net loss of $7.56 million.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ZS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zscaler, Inc. provides cloud-based Internet security platform. It offers security products such as web security, Cloud Sandboxing and firewall, and Zcaler private access. The company also offers Security Cloud, a comprehensive, carrier-grade internet security, and compliance platform.