McGlone Suttner Wealth Management Inc. Invests $316,000 in Zscaler, Inc. $ZS

Key Points

• McGlone Suttner Wealth Management Inc. has made a new investment of $316,000 in Zscaler, acquiring 1,008 shares during the second quarter.
• Zscaler's recent quarterly earnings reported an EPS of $0.89, surpassing the estimate of $0.80, with a revenue of $719.23 million, reflecting a year-over-year increase of 21.3%.
• Insider trading activity has been noted as executives sold shares at an average price of $280.70, leading to a decrease in their holdings, which creates potential implications for investor sentiment.

McGlone Suttner Wealth Management Inc. bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,008 shares of the company's stock, valued at approximately $316,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC increased its position in Zscaler by 19.5% during the second quarter. GAMMA Investing LLC now owns 766 shares of the company's stock worth $240,000 after buying an additional 125 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Zscaler during the 2nd quarter worth $390,000. Kaufman Rossin Wealth LLC bought a new position in shares of Zscaler during the second quarter worth $269,000. Farther Finance Advisors LLC lifted its position in Zscaler by 17.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,045 shares of the company's stock valued at $328,000 after acquiring an additional 155 shares in the last quarter. Finally, Weatherly Asset Management L. P. lifted its position in Zscaler by 21.2% during the 2nd quarter. Weatherly Asset Management L. P. now owns 16,660 shares of the company's stock worth $5,230,000 after buying an additional 2,910 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Trading Down 0.9%

Shares of NASDAQ:ZS traded down $2.70 on Monday, hitting $291.57. 1,069,529 shares of the company's stock were exchanged, compared to its average volume of 1,942,154. The stock has a market capitalization of $46.16 billion, a price-to-earnings ratio of -1,079.89 and a beta of 1.05. 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's 50 day simple moving average is $280.39 and its two-hundred day simple moving average is $258.25. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping 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 analyst estimates of $707.15 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The company's 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. Analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert Schlossman sold 3,832 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $280.70, for a total transaction of $1,075,642.40. Following the sale, the insider owned 83,138 shares of the company's stock, valued at approximately $23,336,836.60. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Geller sold 10,464 shares of Zscaler stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total value of $2,974,392.00. Following the transaction, the insider directly owned 43,478 shares in the company, valued at approximately $12,358,621.50. This trade represents a 19.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,878 shares of company stock valued at $9,266,002 over the last 90 days. Insiders own 18.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ZS shares. Guggenheim restated a "neutral" rating on shares of Zscaler in a research report on Wednesday, September 3rd. Cantor Fitzgerald reiterated an "overweight" rating and set a $340.00 price objective on shares of Zscaler in a report on Wednesday, September 3rd. BMO Capital Markets lifted their price objective on shares of Zscaler from $295.00 to $315.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada boosted their price objective on shares of Zscaler from $315.00 to $335.00 and gave the company an "outperform" rating in a research note on Wednesday, September 3rd. Finally, Truist Financial restated a "buy" rating and issued a $300.00 price objective (up from $260.00) on shares of Zscaler in a report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Zscaler currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.00.

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.