Purchase Of Shares In Zscaler Inc. (ZS) By CANESSA REMO

SNOW Stock
SNOW Stock

At the last check on Thursday, Zscaler Inc.’s (NASDAQ:ZS) stock was down -$0.88, moving down -0.69 percent to $125.65. The average number of shares traded per day over the past five days has been 2,255,886 shares. 2 times new highs have been achieved over the past 5 days, with a $2.46 gain in that time frame. In the last twenty days, the average volume was 3,768,152, while in the previous 50 days, it was 2,927,983.

Since last month, ZS stock rose 35.01%. Shares of the company fell to $84.93 on 05/02/23, the lowest level in the past month. A 52-week high of $194.21 was reached on 02/08/23 after having rallying from a 52-week low of $84.93. Since the beginning of this year, ZS’s stock price has risen by 12.29% or $14.52, and marked a new high 8 times. However, the stock has declined by -35.30% since its 52-week high.

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ZS stock investors should be aware that Zscaler Inc. (ZS) stock had its last reported insider trading activity 70 days ago on Mar 16. CANESSA REMO, the Chief Financial Officer of the company, disposed of 6,229 shares for $106.79 on Mar 16. It resulted in a $665,211 divestment by the insider. Rajic Dali sold 5,638 shares at an average price of $106.79 on Mar 16. The insider now owns 291,182 shares following the transaction. On Mar 16, Chief Legal Officer Schlossman Robert sold 3,645 shares at $106.79 apiece. The transaction was valued at $389,259.

Valuation Metrics

The stock’s beta is 0.81. Besides these, the trailing price-to-sales (P/S) ratio of 13.48, the price-to-book (PB) ratio of 34.57, and the price-to-cash flow ratio of 65.62 may also be considered.

Financial Health

In the three months ended January 30, Zscaler Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending January 30 was 2.16, and the total debt-to-equity ratio was 2.16. On the profitability front, the trailing twelve-month gross margin is 78.00% percent. In the year ended January 30, EBITDA margin amounted to -16.85%, whereas operating margins totaled -22.50%. Based on annual data, ZS earned $848.66 million in gross profit and brought in $1.09 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -21.70%. Return on equity (ROE) for the past 12 months was -62.90%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ZS’s revenue rose 34.07% to $355.55 million during the quarter, while net income inched up to $387.6 million. While analysts expected Zscaler Inc. to report $0.29 quarterly earnings, the actual figure was $0.37 per share, beating the consensus estimate by 27.60%. During the quarter, the company generated -$24.62 million in EBITDA. The liabilities of Zscaler Inc. were 2.51 billion at the end of its most recent quarter ended January 30, and its total debt was $1.22 billion. The value of shareholders’ equity is $145.12 million.

Technical Picture

This quick technical analysis looks at Zscaler Inc.’s (ZS) price momentum. With a historical volatility rate of 48.25%, the RSI 9-day stood at 70.50% on 24 May.

With respect to its five-day moving average, the current Zscaler Inc. price is up by +1.98% percent or $2.46. At present, ZS shares trade +35.32% above its 20-day simple moving average and +12.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.41% above its SMA50 and -22.64% below its SMA200.

Stochastic coefficient K was 86.25% and Stochastic coefficient D was 89.67%, while ATR was 4.93. Given the Stochastic reading of 83.67% for the 14-day period, the RSI (14) reading has been calculated as 67.20%. As of today, the MACD Oscillator reading stands at 2.09, while the 14-day reading stands at 5.95.

Analyst Ratings

Zscaler Inc. (ZS) has been rated Overweight by analysts. According to 0 brokerage firms, ZS is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Zscaler Inc. stock as buy, with 25 recommending it as overweight.

With a median target price of $145.00, the current consensus forecast for the stock is $120.00 – $225.00. Based on these forecasts, analysts predict Zscaler Inc. (ZS) will achieve an average price target of $150.87.


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