Axxcess Wealth Management LLC Buys Shares of 1,000 Zscaler, Inc. $ZS

Key Points

• Axxcess Wealth Management LLC acquired 1,000 shares of Zscaler, Inc., valued at approximately $314,000, during the second quarter, indicating increased institutional interest in the company.
• Zscaler has received a mix of analyst ratings, with UBS lowering its price target from $365.00 to $350.00, while Canaccord raised theirs from $320.00 to $340.00, reflecting diverging views on the stock's future performance.
• Insider selling has been noted, with executives selling a combined total of nearly $11.4 million in shares over the last quarter, suggesting potential concerns or shifts in company strategy among board members.

Axxcess Wealth Management LLC bought a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,000 shares of the company's stock, valued at approximately $314,000.

Several other institutional investors have also recently bought and sold shares of the company. Secure Asset Management LLC lifted its stake in Zscaler by 1.8% in the 2nd quarter. Secure Asset Management LLC now owns 2,436 shares of the company's stock valued at $765,000 after acquiring an additional 43 shares in the last quarter. Exane Asset Management lifted its stake in Zscaler by 185.7% in the 2nd 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. Cerity Partners LLC lifted its stake in Zscaler by 0.3% in the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock valued at $4,549,000 after acquiring an additional 68 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in shares of 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 in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of 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 in the last quarter. Institutional investors own 46.45% of the company's stock.

Analysts Set New Price Targets

ZS has been the topic of a number of analyst reports. Wall Street Zen cut Zscaler from a "buy" rating to a "hold" rating in a research note on Saturday. Guggenheim reiterated a "neutral" rating on shares of Zscaler in a research note on Wednesday, September 3rd. UBS Group dropped their price objective on Zscaler from $365.00 to $350.00 and set a "buy" rating on the stock in a research note on Wednesday, September 3rd. B. Riley initiated coverage on Zscaler in a research note on Tuesday, August 26th. They set a "neutral" rating and a $275.00 price objective on the stock. Finally, Canaccord Genuity Group upped their price objective on Zscaler from $320.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Zscaler has a consensus rating of "Moderate Buy" and an average target price of $307.43.

Insider Transactions at Zscaler

In other Zscaler news, insider Robert Schlossman sold 7,006 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the transaction, the insider owned 76,132 shares in the company, valued at $23,263,655.24. This trade represents a 8.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raj Judge sold 4,524 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total value of $1,269,886.80. Following the transaction, the executive vice president owned 73,832 shares in the company, valued at $20,724,642.40. The trade was a 5.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,884 shares of company stock worth $11,406,825 over the last quarter. 18.10% of the stock is currently owned by corporate insiders.

Zscaler Stock Up 0.3%

ZS opened at $300.25 on Friday. Zscaler, Inc. has a 1-year low of $164.78 and a 1-year high of $319.89. The stock's fifty day simple moving average is $286.62 and its 200 day simple moving average is $270.81. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. The stock has a market cap of $47.53 billion, a PE ratio of -1,112.04 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 analysts' consensus estimates of $0.80 by $0.09. The business had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The firm's revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, research analysts expect that Zscaler, Inc. will post -0.1 earnings per share 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.

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