Kaufman Rossin Wealth LLC Makes New $269,000 Investment in Zscaler, Inc. $ZS

Key Points

• Kaufman Rossin Wealth LLC has acquired a new stake in Zscaler, Inc., purchasing 858 shares valued at approximately $269,000 in the second quarter of the year.
• Key institutional investors also made significant moves, with T. Rowe Price investing $516.62 million and Goldman Sachs increasing its stake by 23.4%, now owning over 3 million shares worth about $604.83 million.
• Zscaler reported earnings of $0.89 per share for the last quarter, which was higher than analysts' expectations, alongside a revenue increase of 21.3% compared to the previous year.

Kaufman Rossin Wealth LLC purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 858 shares of the company's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ZS. Twinbeech Capital LP acquired a new stake in shares of Zscaler during the fourth quarter worth $449,000. Focus Partners Advisor Solutions LLC acquired a new stake in Zscaler in the fourth quarter valued at approximately $230,000. JT Stratford LLC bought a new stake in Zscaler during the 4th quarter worth approximately $242,000. Vise Technologies Inc. acquired a new stake in shares of Zscaler in the fourth quarter valued at about $364,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Zscaler during the fourth quarter worth $121,000. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Zscaler from $348.00 to $351.00 and gave the company an "overweight" rating in a research note on Wednesday, September 3rd. BTIG Research reaffirmed a "buy" rating on shares of Zscaler in a research report on Thursday, July 10th. Oppenheimer boosted their target price on shares of Zscaler from $290.00 to $345.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Barclays lifted their price target on shares of Zscaler from $300.00 to $320.00 and gave the stock an "overweight" rating in a report on Wednesday, September 3rd. Finally, UBS Group reduced their target price on shares of Zscaler from $365.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, September 3rd. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $307.00.

Insider Activity at Zscaler

In related 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 value of $804,205.50. Following the completion of the sale, the chief executive officer directly owned 350,700 shares in the company, valued at $98,441,490. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Raj Judge sold 4,524 shares of Zscaler stock in a transaction dated 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 sale, the executive vice president directly owned 73,832 shares of the company's stock, valued at $20,724,642.40. This trade represents a 5.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,878 shares of company stock valued at $9,266,002 over the last 90 days. 18.10% of the stock is currently owned by insiders.

Zscaler Stock Performance

NASDAQ ZS traded up $3.16 on Friday, hitting $294.27. 2,049,598 shares of the company traded hands, compared to its average volume of 1,942,154. The business's 50 day moving average price is $280.39 and its 200-day moving average price is $257.68. The company has a market capitalization of $46.58 billion, a price-to-earnings ratio of -1,089.89 and a beta of 1.05. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $318.46. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, beating 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 business had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. During the same period last year, the firm earned $0.88 earnings per share. The business's quarterly 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. Equities analysts expect that Zscaler, Inc. will post -0.1 earnings per share for the current year.

About Zscaler

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.