LeConte Wealth Management LLC Buys Shares of 1,024 Zscaler, Inc. $ZS

Key Points

• LeConte Wealth Management LLC acquired 1,024 shares of Zscaler, Inc. during Q2, valued at approximately $321,000, reflecting growing institutional interest in the company.
• Zscaler reported earnings of $0.89 EPS for its latest quarter, beating the consensus estimate and showing a 21.3% increase in revenue year-over-year, with revenue reaching $719.23 million.
• Analysts maintain a strong outlook for Zscaler, with several firms setting target prices as high as $355.00, indicating a consensus rating of "Moderate Buy" among market analysts.

LeConte Wealth Management LLC bought a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,024 shares of the company's stock, valued at approximately $321,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kozak & Associates Inc. purchased a new position in Zscaler in the 2nd quarter valued at about $35,000. ORG Partners LLC lifted its holdings in Zscaler by 284.8% in the 1st quarter. ORG Partners LLC now owns 127 shares of the company's stock valued at $26,000 after purchasing an additional 94 shares in the last quarter. SVB Wealth LLC purchased a new position in Zscaler in the 1st quarter valued at about $26,000. Goodman Advisory Group LLC purchased a new position in Zscaler in the 1st quarter valued at about $29,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Zscaler in the 1st quarter valued at about $29,000. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Trading Down 1.7%

NASDAQ ZS opened at $284.42 on Thursday. Zscaler, Inc. has a one year low of $164.78 and a one year high of $318.46. The company's 50 day moving average price is $280.34 and its 200 day moving average price is $258.65. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $45.02 billion, a price-to-earnings ratio of -1,053.41 and a beta of 1.05.

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 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 for the quarter, compared to analyst estimates of $707.15 million. During the same quarter last year, the firm posted $0.88 earnings per share. Zscaler's revenue for the quarter was up 21.3% compared to the same quarter last year. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, sell-side analysts predict that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Robert Schlossman sold 3,832 shares of the 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 $1,075,642.40. Following the completion of the sale, the insider owned 83,138 shares of the company's stock, valued at $23,336,836.60. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Geller sold 11,193 shares of the 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 $3,141,875.10. Following the completion of the sale, the insider directly owned 53,942 shares of the company's stock, valued at $15,141,519.40. This trade represents a 17.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,878 shares of company stock worth $9,266,002. 18.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ZS has been the topic of several recent analyst reports. JMP Securities reiterated a "market outperform" rating and set a $355.00 price objective on shares of Zscaler in a report on Wednesday, September 3rd. Wall Street Zen upgraded shares of Zscaler from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. Piper Sandler increased their price objective on shares of Zscaler from $260.00 to $280.00 and gave the stock a "neutral" rating in a report on Wednesday, September 3rd. Wedbush reiterated an "outperform" rating and set a $330.00 price objective on shares of Zscaler in a report on Wednesday, September 3rd. Finally, Canaccord Genuity Group increased their price objective on shares of Zscaler from $320.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Zscaler currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.00.

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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