Apexium Financial LP Invests $314,000 in Zscaler, Inc. $ZS

Key Points

• Apexium Financial LP invested $314,000 in Zscaler, Inc. by acquiring 1,000 shares during the second quarter.
• Several analysts have raised their price targets for Zscaler, with Wells Fargo increasing it from $260 to $385, indicating strong optimism about the stock.
• CEO Jagtar Singh Chaudhry sold nearly $804,205 worth of shares, marking a decrease in his ownership, while insiders have sold a total of $11.4 million in stock over the past ninety days.

Apexium Financial LP bought a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,000 shares of the company's stock, valued at approximately $314,000.

Other large investors have also recently made changes to their positions in the company. Secure Asset Management LLC grew its position in Zscaler by 1.8% in the second quarter. Secure Asset Management LLC now owns 2,436 shares of the company's stock worth $765,000 after acquiring an additional 43 shares in the last quarter. Quintet Private Bank Europe S.A. grew its position in Zscaler by 4.7% in the first quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company's stock worth $222,000 after acquiring an additional 50 shares in the last quarter. Exane Asset Management grew its position in Zscaler by 185.7% in the second quarter. Exane Asset Management now owns 100 shares of the company's stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Cerity Partners LLC grew its position in Zscaler by 0.3% in the first quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock worth $4,549,000 after acquiring an additional 68 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its position in Zscaler by 2.6% in the first quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company's stock worth $556,000 after acquiring an additional 70 shares in the last quarter. 46.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. KeyCorp lifted their price target on Zscaler from $345.00 to $350.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Wall Street Zen upgraded Zscaler from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. Stifel Nicolaus lifted their price target on Zscaler from $295.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company upgraded Zscaler from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $260.00 to $385.00 in a research report on Friday, June 13th. Finally, Canaccord Genuity Group boosted their target price on Zscaler from $320.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $307.43.

Insider Activity at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,865 shares of Zscaler stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction of $804,205.50. Following the completion of the sale, the chief executive officer owned 350,700 shares of the company's stock, valued at approximately $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam Geller sold 10,464 shares of Zscaler 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 directly owned 43,478 shares of the company's stock, valued at $12,358,621.50. This represents a 19.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,884 shares of company stock worth $11,406,825. Insiders own 18.10% of the company's stock.

Zscaler Stock Down 0.7%

Shares of NASDAQ:ZS opened at $305.41 on Friday. The business has a 50 day simple moving average of $282.18 and a two-hundred day simple moving average of $263.97. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01. Zscaler, Inc. has a 1 year low of $164.78 and a 1 year high of $318.46. The firm has a market capitalization of $48.35 billion, a PE ratio of -1,131.15 and a beta of 1.06.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.09. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The firm had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company's revenue 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. On average, equities analysts predict that Zscaler, Inc. will post -0.1 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.