Accurate Wealth Management LLC Invests $395,000 in Zscaler, Inc. $ZS

Key Points

• Accurate Wealth Management LLC invested approximately $395,000 in Zscaler, purchasing 1,333 shares during the second quarter.
• Institutional investors currently own 46.45% of Zscaler's stock, with significant stakes acquired by other funds like GAMMA Investing LLC and Parisi Gray Wealth Management.
• Zscaler reported a revenue increase of 21.3% year-over-year for the most recent quarter, with earnings per share of $0.89, surpassing analysts' expectations.

Accurate Wealth Management LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,333 shares of the company's stock, valued at approximately $395,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Zscaler by 43.1% in the first quarter. GAMMA Investing LLC now owns 641 shares of the company's stock valued at $127,000 after acquiring an additional 193 shares during the last quarter. Parisi Gray Wealth Management bought a new stake in Zscaler in the second quarter valued at approximately $801,000. Focus Partners Wealth boosted its holdings in Zscaler by 2.5% in the first quarter. Focus Partners Wealth now owns 62,083 shares of the company's stock valued at $12,319,000 after acquiring an additional 1,517 shares during the last quarter. Howe & Rusling Inc. boosted its holdings in Zscaler by 17.1% in the first quarter. Howe & Rusling Inc. now owns 24,672 shares of the company's stock valued at $4,895,000 after acquiring an additional 3,611 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Zscaler by 47.4% in the first quarter. Allworth Financial LP now owns 1,002 shares of the company's stock valued at $211,000 after acquiring an additional 322 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ZS has been the topic of several analyst reports. UBS Group reduced their target price on Zscaler from $365.00 to $350.00 and set a "buy" rating on the stock in a report on Wednesday, September 3rd. Loop Capital upped their target price on Zscaler from $250.00 to $260.00 and gave the company a "hold" rating in a report on Friday, May 30th. Bank of America boosted their price target on Zscaler from $285.00 to $340.00 and gave the company a "buy" rating in a research note on Monday, June 9th. BTIG Research reissued a "buy" rating on shares of Zscaler in a research note on Thursday, July 10th. Finally, Piper Sandler boosted their price target on Zscaler from $260.00 to $280.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $307.00.

Insider Transactions at Zscaler

In other news, EVP Raj Judge sold 4,524 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares of the company's stock, valued at $20,724,642.40. This represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $804,205.50. Following the transaction, the chief executive officer directly owned 350,700 shares in the company, valued at $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,878 shares of company stock valued at $9,266,002 over the last ninety days. Company insiders own 18.10% of the company's stock.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $286.66 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $318.46. The stock's 50 day moving average is $280.34 and its 200-day moving average is $259.28. The firm has a market capitalization of $45.38 billion, a price-to-earnings ratio of -1,061.70 and a beta of 1.05.

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

Zscaler Company 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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