In a report released today, Daniel Ives from Wedbush maintained a Buy rating on Zscaler (ZS), with a price target of $80.00. The company’s shares closed last Monday at $65.18.
According to TipRanks.com, Ives is a 5-star analyst with an average return of 9.5% and a 64.5% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies, and Tenable Holdings.
Currently, the analyst consensus on Zscaler is a Moderate Buy with an average price target of $63.79, representing a -2.6% downside. In a report issued on February 14, Robert W. Baird also maintained a Buy rating on the stock with a $65.00 price target.
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Based on Zscaler’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $17.08 million. In comparison, last year the company had a GAAP net loss of $3.56 million.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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. engages in the provision of cloud-based internet security platform. It operates through the United States and Rest of the World geographical segments. It offers Zcaler internet access, private access, and platform. The company was founded by Jay Chaudhry and K. Kailash in September 2007 and is headquartered in San Jose, CA.
