Atria Wealth Solutions Inc. Has $2.97 Million Stake in Zscaler, Inc. $ZS

Key Points

• Atria Wealth Solutions Inc. increased its stake in Zscaler, Inc. by 173.4%, acquiring an additional 5,992 shares, bringing their total holdings to 9,447 shares valued at approximately $2.97 million.
• Insider trading activity included Adam Geller selling 10,464 shares for about $2.97 million and CEO Jagtar Singh Chaudhry selling 2,865 shares valued at $804,205.50.
• Recent analyst reports have been positive, with Susquehanna raising their target price to $340 while maintaining a "positive" rating, suggesting continued investor interest in Zscaler's prospects.

Atria Wealth Solutions Inc. lifted its position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) by 173.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,447 shares of the company's stock after acquiring an additional 5,992 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Zscaler were worth $2,966,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Secure Asset Management LLC raised its position in Zscaler by 1.8% during the 2nd quarter. Secure Asset Management LLC now owns 2,436 shares of the company's stock worth $765,000 after purchasing an additional 43 shares during the last quarter. Exane Asset Management raised its position in Zscaler by 185.7% during the 2nd quarter. Exane Asset Management now owns 100 shares of the company's stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Cerity Partners LLC raised its position in Zscaler by 0.3% during the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock worth $4,549,000 after purchasing an additional 68 shares during the last quarter. Koshinski Asset Management Inc. raised its position in Zscaler by 2.6% during the 1st quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company's stock worth $556,000 after purchasing an additional 70 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in Zscaler by 6.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,143 shares of the company's stock worth $359,000 after purchasing an additional 71 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Zscaler news, insider Adam Geller sold 10,464 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the completion of the sale, the insider directly owned 43,478 shares of the company's stock, valued at approximately $12,358,621.50. The trade was a 19.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business'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 sale, the chief executive officer directly owned 350,700 shares of the company's stock, valued at $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,884 shares of company stock valued at $11,406,825. Company insiders own 18.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZS. Susquehanna raised their target price on Zscaler from $320.00 to $340.00 and gave the stock a "positive" rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zscaler in a research report on Wednesday, October 8th. Robert W. Baird boosted their price objective on Zscaler from $330.00 to $345.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. KeyCorp boosted their price objective on Zscaler from $345.00 to $350.00 and gave the company an "overweight" rating in a research note on Wednesday, September 3rd. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $340.00 price objective on shares of Zscaler in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have assigned 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 a consensus price target of $307.43.

Zscaler Stock Performance

Shares of Zscaler stock opened at $301.80 on Wednesday. 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 business has a 50-day simple moving average of $285.21 and a 200 day simple moving average of $268.76. The firm has a market capitalization of $47.77 billion, a price-to-earnings ratio of -1,117.78 and a beta of 1.06. Zscaler, Inc. has a one year low of $164.78 and a one year high of $319.89.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. The firm had revenue of $719.23 million during 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%.The company's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, research analysts anticipate 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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