Zscaler Inc (ZS)’s Market Momentum: Closing Strong at 197.36, Down -2.12

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As of close of business last night, Zscaler Inc’s stock clocked out at $197.36, down -2.12% from its previous closing price of $201.63. In other words, the price has decreased by -$2.12 from its previous closing price. On the day, 1.56 million shares were traded. ZS stock price reached its highest trading level at $202.83 during the session, while it also had its lowest trading level at $194.59.


To gain a deeper understanding of ZS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 1.13 whereas as Long-Term Debt/Eq ratio is at 1.08.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on June 14, 2024, Upgraded its rating to Overweight and sets its target price to $230 from $205 previously.

On June 14, 2024, BMO Capital Markets reiterated its Outperform ratingand also kept the price unchanged to $208.

Wells Fargo Downgraded its Overweight to Equal Weight on May 28, 2024, whereas the target price for the stock was revised from $275 to $182.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 21 ’24 when CANESSA REMO sold 3,238 shares for $177.54 per share. The transaction valued at 574,861 led to the insider holds 240,248 shares of the business.

CANESSA REMO sold 7,981 shares of ZS for $1,414,337 on Jun 20 ’24. The Chief Financial Officer now owns 243,486 shares after completing the transaction at $177.21 per share. On Jun 20 ’24, another insider, Schlossman Robert, who serves as the Chief Legal Officer of the company, sold 6,636 shares for $178.04 each. As a result, the insider received 1,181,487 and left with 118,621 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZS now has a Market Capitalization of 30476136448 and an Enterprise Value of 28833486848. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.70 while its Price-to-Book (P/B) ratio in mrq is 27.32. Its current Enterprise Value per Revenue stands at 14.204 whereas that against EBITDA is -273.215.

Stock Price History:

Over the past 52 weeks, ZS has reached a high of $259.61, while it has fallen to a 52-week low of $131.59. The 50-Day Moving Average of the stock is 10.07%, while the 200-Day Moving Average is calculated to be 1.91%.

Shares Statistics:

It appears that ZS traded 2.14M shares on average per day over the past three months and 2054660 shares per day over the past ten days. A total of 147.17M shares are outstanding, with a floating share count of 90.87M. Insiders hold about 39.88% of the company’s shares, while institutions hold 47.28% stake in the company. Shares short for ZS as of 1718323200 were 5078853 with a Short Ratio of 2.38, compared to 1715731200 on 4695612. Therefore, it implies a Short% of Shares Outstanding of 5078853 and a Short% of Float of 5.43.

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