Zscaler – Analyzing the Recent Market Sentiment Shift

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.