A Closer Look at Zscaler's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Zscaler (NASDAQ:ZS), as revealed by Benzinga's tracking of public options records. The options scanner highlighted 30 extraordinary activities, with a bearish majority of 63% against 36% bullish. The options trades suggest a targeted price range for ZS between $110.0 and $370.0. Zscaler, a SaaS firm specializing in cybersecurity, has seen its stock price increase by 3.7% to $214.0. Analyst ratings in the last 30 days have set an average price target of $256.8 for ZS, with varying recommendations from Buy to Equal-Weight.
March 06, 2024 | 4:15 pm
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Zscaler has experienced significant options trading activity, indicating a bearish sentiment among major investors. Despite this, the stock has risen 3.7% to $214. Analysts have set an average price target of $256.8, with recommendations ranging from Buy to Equal-Weight.
The bearish sentiment from options trading contrasts with the recent stock price increase and optimistic analyst ratings, creating a complex short-term outlook. The significant options activity and analyst targets suggest investor attention but mixed signals on price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100