1,503 Shares in Zscaler, Inc. $ZS Bought by Turning Point Benefit Group Inc.

Key Points

• Turning Point Benefit Group Inc. acquired 1,503 shares of Zscaler, Inc., worth approximately $472,000, during the 2nd quarter, reflecting increased interest from institutional investors.
• Analysts have mixed views on Zscaler, with price targets ranging from $320.00 to $351.00 and a consensus rating of "Moderate Buy," indicating diverse expectations for the stock's performance.
• Insiders have sold a total of 39,884 shares in the last ninety days, with significant transactions by key executives indicating a decrease in their ownership stakes.

Turning Point Benefit Group Inc. acquired a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,503 shares of the company's stock, valued at approximately $472,000.

Several other hedge funds also recently made changes to their positions in the company. Exane Asset Management boosted its holdings in shares of Zscaler by 185.7% in the second quarter. Exane Asset Management now owns 100 shares of the company's stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in Zscaler in the second quarter valued at about $35,000. SVB Wealth LLC purchased a new stake in Zscaler in the 1st quarter valued at approximately $26,000. Ameritas Advisory Services LLC acquired a new position in Zscaler during the 2nd quarter worth approximately $41,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of Zscaler during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Zscaler from $348.00 to $351.00 and gave the company an "overweight" rating in a report on Wednesday, September 3rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $340.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Scotiabank lowered their price target on shares of Zscaler from $360.00 to $334.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Zscaler in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised shares of Zscaler from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $280.00 to $320.00 in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $307.86.

Insider Buying and Selling

In related news, insider Adam Geller sold 10,464 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the sale, the insider owned 43,478 shares in the company, valued at approximately $12,358,621.50. This trade represents a 19.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total value of $1,269,886.80. Following the completion of the transaction, the executive vice president owned 73,832 shares of the company's stock, valued at $20,724,642.40. This trade represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,884 shares of company stock worth $11,406,825 in the last ninety days. 18.10% of the stock is currently owned by insiders.

Zscaler Stock Up 2.7%

ZS stock opened at $316.11 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. The company's 50 day simple moving average is $288.61 and its 200-day simple moving average is $272.79. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $319.89. The firm has a market capitalization of $50.04 billion, a PE ratio of -1,163.20 and a beta of 1.06.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. The firm had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.Zscaler's revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Equities analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Zscaler Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

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