Jupiter Wealth Management LLC Invests $298,000 in Zscaler, Inc. $ZS

Key Points

• Jupiter Wealth Management LLC has invested $298,000 in Zscaler, Inc., purchasing 1,500 shares during the first quarter, as indicated in their recent 13F filing.
• Insiders have sold 23,305 shares of Zscaler in the last three months, totaling over $7 million, with significant sales reported by executives Adam Geller and Raj Judge.
• Wall Street analysts have generally rated Zscaler positively, with a consensus rating of "Moderate Buy" and an average target price of $307.

Jupiter Wealth Management LLC purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,500 shares of the company's stock, valued at approximately $298,000.

A number of other hedge funds also recently bought and sold shares of the business. ORG Partners LLC lifted its stake in Zscaler by 284.8% in the 1st quarter. ORG Partners LLC now owns 127 shares of the company's stock worth $26,000 after purchasing an additional 94 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Zscaler in the first quarter valued at approximately $26,000. Goodman Advisory Group LLC purchased a new position in Zscaler during the first quarter worth approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in Zscaler during the first quarter worth $29,000. Finally, CVA Family Office LLC grew its holdings in Zscaler by 120.3% in the 1st quarter. CVA Family Office LLC now owns 152 shares of the company's stock valued at $30,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Insider Activity

In other news, insider Adam Geller sold 3,662 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $306.72, for a total transaction of $1,123,208.64. Following the completion of the transaction, the insider directly owned 46,813 shares of the company's stock, valued at $14,358,483.36. This trade represents a 7.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Raj Judge sold 2,957 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $303.70, for a total value of $898,040.90. Following the completion of the sale, the executive vice president directly owned 76,289 shares in the company, valued at approximately $23,168,969.30. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,305 shares of company stock worth $7,093,136 in the last three months. Company insiders own 18.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ZS. UBS Group reduced their price target on Zscaler from $365.00 to $350.00 and set a "buy" rating on the stock in a report on Wednesday, September 3rd. JPMorgan Chase & Co. raised their price objective on shares of Zscaler from $348.00 to $351.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $350.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Stephens reissued an "overweight" rating and issued a $255.00 price target on shares of Zscaler in a research note on Tuesday, May 27th. Finally, Scotiabank cut their price target on shares of Zscaler from $360.00 to $334.00 and set a "sector outperform" rating for the company in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $307.00.

Zscaler Price Performance

ZS opened at $282.29 on Wednesday. Zscaler, Inc. has a 1-year low of $153.45 and a 1-year high of $318.46. The stock has a market cap of $43.95 billion, a P/E ratio of -1,045.52 and a beta of 1.05. The stock's 50 day simple moving average is $284.15 and its 200 day simple moving average is $252.24.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its 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. The company 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 0.49% and a negative net margin of 1.55%.Zscaler's revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. Research analysts expect that Zscaler, Inc. will post -0.1 EPS 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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