Brokerages have given Zscaler, Inc. (NASDAQ:ZS) an average rating of “Moderate Buy.”

The forty different research firms currently monitoring the stock have given shares of Zscaler, Inc. (NASDAQ: ZS) a rating of “Moderate Buy” as the overall consensus recommendation for the stock, as reported by Bloomberg.com. The stock received one of three distinct ratings from the analysts at the research firm, which were as follows:
“Sell” (based on a score of one).
“Hold” (based on a score of eleven).
“Buy” (from a score of twenty).
Recent stock coverage by brokerage firms indicates that their median price target for the next year is $199.08 per share.

Recently, the company has been in communication with a variety of analysts, and they have provided their feedback. On January 13, Needham & Company LLC expanded their coverage to incorporate Zscaler. This change took effect immediately. They suggested an investment in the stock using the “buy” command and established a price target of $210.00.

BMO Capital Markets stated in a report made public on Friday, December 2, that they had lowered their price objective on Zscaler from $162.00 to $150.00. This information was included in the report.

In a research report that was made public on January 17, Guggenheim lowered its rating for Zscaler, moving it from a “buy” recommendation to a “neutral” rating.

In a report distributed on November 28, MKM Partners announced that they were withdrawing their “buy” recommendation for Zscaler and lowering their price objective on the company from $225.00 to $190.00.

In a research report published on Friday, December 2, JMP Securities lowered their “market outperform” rating that they had previously assigned to Zscaler and reduced the price target that they had previously assigned to the company from $280.00 to $225.00. This was the final change, but certainly not the least significant.
Robert Schlossman, an insider at Zscaler, sold 5,081 shares of the company’s stock on Friday, December 16.

Another piece of Zscaler-related news has been recently discovered. The sale of the stock resulted in total revenue of $579,945.34, with the average price that each share could fetch being $114.14.

As a direct consequence of the transaction, the company insider now owns 136,198…