On Jan. 07, Sinha Amit divested U.S. $1,338,374 in shares of Zscaler Inc.. The Pres of R, D, CTO sold 7,000 shares at a price per share of $191.20. The transaction decreased this specific insider’s holdings to 557,348 shares worth around $110.0 million at present.
Needham maintained its Zscaler Inc. [ZS] rating to the equivalent of a Strong buy but changed the price target to $215 from $190, in a research note dated December 10, 2020. That figure represents around a 8.2% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with Needham’s analysts reiterating the shares to “a Strong buy” rating in a research note to investors issued in early December. Meanwhile, JP Morgan had lowered its rating on ZS to “Neutral” from the earlier “an Overweight”, in a research note produced for clients December 10, 2020. In addition, there was an upgrade from Credit Suisse on November 25, 2020. The rater changed ZS from “a Neutral” to “an Outperform”.
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Is Zscaler Inc. [NASDAQ:ZS] a Good Buy Right Now?
It should be noted that ZS technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Zscaler Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 2.4 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 2.49 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 2.43 million shares.
ZS Price Performance
On Wall Street, Zscaler Inc. [NASDAQ:ZS] finished Friday’s session up 2.24% at $197.37. The stock went up to $199.95 at the same session while its lowest single day price was $194.10. In the last five days, it saw a fall of about -1.17%, Zscaler Inc. shares dropped by almost -1.17% since the beginning of the year. However, the share price has dropped to as low as -7.16% below its one year high. On 01/04/21, the company shares recorded $200.49, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $183.25. The company’s shares have inclined by 265.50% in the past year. The 50-day SMA achieved is $166.09 while the 200-day SMA is $124.61. Volume gained to 2.02 million from 1.73 million in the previous session.
ZS Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 194.33 level, and in case of violation of this particular level, it will cause more drop to 191.29 level. On the upper level, 202.99 is still the key resistance. The stock may increase to the subsequent resistance at 200.18. The Relative Strength Index (RSI) pinned on the 14-day chart is 59.34, implying a neutral technical stance while the MACD stands at -6.79, meaning price will decrease in the next trading period. Percent R indicator moved to 51.87%, implying low price movement. Stochastic %K at 31.84% suggest holding the stock.
What is the short interest in Zscaler Inc.?
Short interest in the Zscaler Inc. stock has surged, increasing by 1.39 million shares to total 6.57 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 7.96 million, data from Yahoo Finance shows. The decrease of -21.16% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 8.63% of the overall float for the stock.
Zscaler Inc.’s Biggest Shareholders: Who Owns Zscaler Inc. [ZS]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 6,446,988 shares or roughly 4.81% of the outstanding ZS shares. This means their shares have reduced by -129,549 from the 6,446,988 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $508,663,614. Details in the latest 13F filings reveal that Allianz Global Investors U.S. LLC acquired their 1.91% stake valued at $493,137,675 while Artisan Partners LP cut theirs at $438,923,280. During the last quarter, Allianz Global Investors U.S. LLC raised 59,243 of its shares in Zscaler Inc. while Artisan Partners LP sold -1,014,492 shares. The JPMorgan Investment Management, I’s holdings currently number 2,061,331 shares at $406844899.47. According to the firm’s last 13F report, First Trust Advisors LP shares in the company at filing stood at 1,638,024 shares, roughly $255,122,238.
ZS Earnings Forecast For The Current Quarter
Zscaler Inc. [ZS] is expected to report weak earnings results for the quarter ending on Jan 2021. Consensus estimates give the company expected revenues of $147.3M and an earnings per share of $0.08 for Jan 2021. Looking further ahead, the company is expected to report revenue of $153.5M at an EPS of $0.08 for Apr 2021. The estimates represent 30.90% and 55.21% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
ZS Earnings Estimates For The Current Year
For the financial year, Zscaler Inc. [NASDAQ:ZS] is expected to bring in revenue of $611.99M. The returns are nearly $180.72 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.38, higher than that of FY20 by $0.14. Estimates put this year’s earnings growth at 58.30%, 57.90% for the next, and at an annual 60.20% over the next 5-year period. As for sales, forecasts are for an increase of 41.90% in the current fiscal year and a further 30.90% over the following year.
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What are analyst thoughts on Zscaler Inc.?
Looking forward to the Zscaler Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Zscaler Inc. stock at $190.00 within the next 12 months, which represents almost -3.88 per cent growth from its previous closing price of $197.37. The highest analysts’ target for Zscaler Inc. stock projections is $240.00 and the lowest one is $130.00. Still, 25 analysts sharing their consensus rating for ZS stock in 2021 agree that it is an Overweight.
