Zscaler Inc (ZS) concluded trading on Wednesday at a closing price of $213.92, with 7.78 million shares of worth about $1.66 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 49.82% during that period and on Wednesday the price saw a loss of about -14.10%. Currently the company’s common shares owned by public are about 147.17M shares, out of which, 87.77M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 76 times over the past 12 months. They bought 200,539 shares in 10 of the transactions. In 66 selling transactions, insiders dumped 239,890 shares.
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Stock saw a price change of -11.89% in past 5 days and over the past one month there was a price change of -11.18%. Year-to-date (YTD), ZS shares are showing a performance of -3.45% which increased to 61.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $84.93 but also hit the highest price of $259.61 during that period. The average intraday trading volume for Zscaler Inc shares is 2.11 million. The stock is currently trading -12.39% below its 20-day simple moving average (SMA20), while that difference is down -6.87% for SMA50 and it goes to 24.04% higher than SMA200.
Zscaler Inc (NASDAQ: ZS) currently have 147.17M outstanding shares and institutions hold larger chunk of about 45.92% of that.
The stock has a current market capitalization of $31.73B and its 3Y-monthly beta is at 0.86. It has posted earnings per share of -$1.15 in the same period. It has Quick Ratio of 1.88 while making debt-to-equity ratio of 1.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZS, volatility over the week remained 4.04% while standing at 3.32% over the month.
Analysts are in expectations that Zscaler Inc (ZS) stock would likely to be making an EPS of $0.58 in the current quarter, while forecast for next quarter EPS is $0.59 and it is $3.04 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.57 which is $0.69 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.37 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 39.57% while it is estimated to increase by 22.29% in next year. EPS is likely to grow at an annualized rate of 37.10% for next 5-years, compared to annual growth of -17.41% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Bernstein on January 18, 2024 offering an Outperform rating for the stock and assigned a target price of $311 to it. On January 03, 2024, Oppenheimer Reiterated their recommendations, while on December 15, 2023, Susquehanna Initiated their ratings for the stock with a price target of $275. Stock get an Outperform rating from Macquarie on December 12, 2023.
