Zscaler stock is trading -19.73% below its average target price of $234.84 after marking a 5.4% during today's afternoon session. Analysts are giving the Large-Cap Data Processing Services company an average rating of buy and target prices ranging from $180.0 to $400.0 per share.
The stock has an average amount of shares sold short at 5.4%, and a short ratio of 1.89. The company's insiders own 38.24% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 51.2% of Zscaler's shares being owned by this investor type.
Institutions Invested in Zscaler
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 6% | 8,961,774 | $1,689,383,967 |
| 2024-03-31 | Blackrock Inc. | 5% | 6,919,080 | $1,304,315,732 |
| 2024-03-31 | Goldman Sachs Group Inc | 1% | 2,104,291 | $396,679,884 |
| 2024-03-31 | State Street Corporation | 1% | 1,970,127 | $371,388,629 |
| 2024-03-31 | American Century Companies Inc | 1% | 1,936,117 | $364,977,405 |
| 2024-03-31 | First Trust Advisors LP | 1% | 1,830,694 | $345,104,115 |
| 2024-03-31 | Geode Capital Management, LLC | 1% | 1,492,875 | $281,421,858 |
| 2024-03-31 | Capital Research Global Investors | 1% | 1,476,689 | $278,370,635 |
| 2024-03-31 | Two Sigma Advisers, LP | 1% | 1,455,200 | $274,319,744 |
| 2024-03-31 | Pictet Asset Management Holding SA | 1% | 1,351,428 | $254,757,684 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Zscaler.
