An Analysis of Zscaler Inc. (ZS)’s Potential Price Growth


Zscaler Inc.’s recently made public that its Director Brown Andrew William Fraser acquired Company’s shares for reported $0.54 million on Dec 23. In the deal valued at $108.78 per share,5,000 shares were bought. As a result of this transaction, Brown Andrew William Fraser now holds 23,250 shares worth roughly $ 2.55 million.

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Then, Rajic Dali sold 7,113 shares, generating $811,866 in total proceeds. Upon selling the shares at $114.14, the Chief Operating Officer now owns 296,820 shares.

Before that, CANESSA REMO sold 6,279 shares. Zscaler Inc. shares valued at $716,674 were divested by the Chief Financial Officer at a price of $114.14 per share. As a result of the transaction, CANESSA REMO now holds 302,092 shares, worth roughly $33.19 million.

Goldman initiated its Zscaler Inc. [ZS] rating to a Neutral in a research note published on Monday, February 14, 2023; the price target was $148. PT values the company’s stock at a premium of 25.77 to its Monday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Scotiabank began covering ZS with “Sector outperform” recommendation on January 18, 2023. Guggenheim revised its rating on January 17, 2023. It rated ZS as “a Neutral” which previously was an “a Buy”.

Price Performance Review of ZS

On Monday, Zscaler Inc. [NASDAQ:ZS] saw its stock jump 4.18% to $109.86. On the same session, the stock had its day’s lowest price of $103.54, but rose to a high of $111.51. Over the last five days, the stock has lost -8.30%. Zscaler Inc. shares have fallen nearly -1.82% since the year began. Nevertheless, the stocks have fallen -47.29% over the past one year. While a 52-week high of $253.74 was reached on 02/08/23, a 52-week low of $99.64 was recorded on 01/12/23. SMA at 50 days reached $122.37, while 200 days put it at $143.74. A total of 3.33 million shares were traded, compared to the trading of 3.32 million shares in the previous session.

Levels Of Support And Resistance For ZS Stock

The 24-hour chart illustrates a support level at 105.10, which if violated will result in even more drops to 100.33. On the upside, there is a resistance level at 113.07. A further resistance level may holdings at 116.27. The Relative Strength Index (RSI) on the 14-day chart is 36.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.01%. Stochastics %K at 8.15% indicates the stock is a buying.

How much short interest is there in Zscaler Inc.?

A steep rise in short interest was recorded in Zscaler Inc. stocks on Jan 12, 2023, growing by 1.16 million shares to a total of 8.76 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 7.6 million shares. There was a rise of 13.24%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.12% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.59.

Zscaler Inc. [ZS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 8,001,026 shares, or roughly 5.55% of the outstanding ZS shares. In other words, the investor’s shares have risen by 241,260 from its previous 13-F filing of 7759766.0. Additionally, Artisan Partners LP increased 155.97% of its stake after which the total value it holdings stand at $626,141,183, while BlackRock Fund Advisors added 10.72% of its stake to hold $504.96 million in the firm. Over the last quarter, Capital Research & Management Co sold -322,092 shares of Zscaler Inc., while Voya Investment Management Co. LL sold -66,362 shares. At present, First Trust Advisors LP is holding 1,777,929 shares valued at $233.18 million. Goldman Sachs Asset Management LP owned 1,743,216 shares of the company at the time of its most recent 13F filing, worth $228.62 million.

According to FactSet, Zscaler Inc.’s share price will average $158.24 in the next year, based on opinions of analysts polled by the firm. This is up nearly 42.25 percent from its previous closing price of $105.45. Analysts expect Zscaler Inc. stock to reach the higher price of $275.00, while the lowest price estimate is $120.00. However, 40 analysts have rated ZS stock as an Overweight in their predictions for 2023.


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