After this evening's 2.6% surge to $210.76 per share, Zscaler might just keep moving past its target price of $210.92. With an average analyst rating of buy, and target prices from $166.0 to $254.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 6.6%, and a short ratio of 2.41. The company's insiders own 40.61% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 48.5% of Zscaler's shares being owned by this investor type.
Institutions Invested in Zscaler
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 6% | 8,636,864 | $1,820,305,409 |
| 2023-09-30 | Blackrock Inc. | 4% | 6,239,124 | $1,314,957,739 |
| 2023-09-30 | Voya Investment Management LLC | 2% | 3,109,218 | $655,298,768 |
| 2023-09-30 | Westbridge Capital Management, LLC | 1% | 1,996,421 | $420,765,678 |
| 2023-09-30 | First Trust Advisors LP | 1% | 2,006,636 | $422,918,592 |
| 2023-09-30 | State Street Corporation | 1% | 1,831,553 | $386,018,100 |
| 2023-09-30 | Champlain Investment Partners, LLC | 1% | 1,694,660 | $357,166,532 |
| 2023-09-30 | Goldman Sachs Group Inc | 1% | 1,660,774 | $350,024,719 |
| 2023-09-30 | Capital Research Global Investors | 1% | 1,475,581 | $310,993,443 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 1% | 1,444,349 | $304,410,987 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Zscaler.
