Parisi Gray Wealth Management Makes New $801,000 Investment in Zscaler, Inc. $ZS

Key Points

• Parisi Gray Wealth Management has made a new investment of approximately $801,000 in Zscaler, purchasing 2,552 shares during the second quarter.
• Several analysts have raised their price targets for Zscaler, with Bank of America increasing its target from $285.00 to $340.00, indicating a consensus rating of "Moderate Buy."
• In the latest quarterly earnings report, Zscaler posted $0.89 earnings per share, exceeding estimates and showing a 21.3% year-over-year revenue increase.

Parisi Gray Wealth Management purchased a new position in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,552 shares of the company's stock, valued at approximately $801,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ZS. Quintet Private Bank Europe S.A. lifted its position in Zscaler by 4.7% during the 1st quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company's stock worth $222,000 after buying an additional 50 shares in the last quarter. Cerity Partners LLC lifted its position in Zscaler by 0.3% during the 1st quarter. Cerity Partners LLC now owns 22,928 shares of the company's stock worth $4,549,000 after buying an additional 68 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in 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 buying an additional 70 shares in the last quarter. Choreo LLC lifted its position in Zscaler by 2.7% during the 1st quarter. Choreo LLC now owns 2,909 shares of the company's stock worth $577,000 after buying an additional 76 shares in the last quarter. Finally, GSB Wealth Management LLC lifted its position in Zscaler by 3.5% during the 1st quarter. GSB Wealth Management LLC now owns 2,395 shares of the company's stock worth $475,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ZS shares. Rosenblatt Securities boosted their price objective on Zscaler from $315.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Piper Sandler upped their price target on Zscaler from $260.00 to $280.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Stifel Nicolaus upped their price target on Zscaler from $295.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Bank of America increased their target price on Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Finally, Needham & Company LLC reissued a "buy" rating and set a $350.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.00.

Zscaler Stock Down 1.2%

ZS stock opened at $283.19 on Monday. 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 stock has a market capitalization of $44.83 billion, a price-to-earnings ratio of -1,048.85 and a beta of 1.05. The business's fifty day moving average price is $282.34 and its two-hundred day moving average price is $254.49. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $318.46.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. The firm 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 company's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last 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. On average, equities analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current year.

Insider Activity

In related news, CEO Jagtar Singh Chaudhry sold 2,849 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total value of $865,241.30. Following the transaction, the chief executive officer owned 353,565 shares in the company, valued at approximately $107,377,690.50. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Geller sold 3,662 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $306.72, for a total value of $1,123,208.64. Following the completion of the sale, the insider directly owned 46,813 shares in the company, valued at $14,358,483.36. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,305 shares of company stock worth $7,093,136. Corporate insiders own 18.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.