Park Avenue Securities LLC Buys New Stake in Zscaler, Inc. $ZS

Key Points

• Park Avenue Securities LLC has acquired a new stake in Zscaler, Inc. during the second quarter, purchasing 1,241 shares valued at approximately $390,000.
• Zscaler's stock recently opened at $299.66 with a market capitalization of $47.44 billion, and it reported a year-over-year revenue increase of 21.3% for the last quarter.
• CEO Jagtar Singh Chaudhry sold 2,865 shares at an average price of $280.70 on September 16, indicating insider selling amidst strong analyst ratings for the stock.

Park Avenue Securities LLC bought a new stake in Zscaler, Inc. (NASDAQ:ZS - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,241 shares of the company's stock, valued at approximately $390,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kaufman Rossin Wealth LLC acquired a new position in Zscaler in the 2nd quarter valued at $269,000. Farther Finance Advisors LLC grew 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 worth $328,000 after purchasing an additional 155 shares during the last quarter. Weatherly Asset Management L. P. grew its position in Zscaler by 21.2% in the 2nd quarter. Weatherly Asset Management L. P. now owns 16,660 shares of the company's stock worth $5,230,000 after purchasing an additional 2,910 shares during the last quarter. Perpetual Ltd grew its position in Zscaler by 12,033.2% in the 2nd quarter. Perpetual Ltd now owns 175,932 shares of the company's stock worth $55,232,000 after purchasing an additional 174,482 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in Zscaler by 16.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 22,061 shares of the company's stock worth $6,926,000 after purchasing an additional 3,163 shares during the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Zscaler Stock Up 0.9%

Zscaler stock opened at $299.66 on Wednesday. The stock has a market capitalization of $47.44 billion, a PE ratio of -1,109.85 and a beta of 1.05. Zscaler, Inc. has a twelve month low of $164.78 and a twelve month high of $318.46. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $280.91 and a 200-day moving average of $261.82.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.09. The business had revenue of $719.23 million for the quarter, compared to analyst estimates of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. On average, equities research analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 350,700 shares of the company's stock, valued at $98,441,490. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 3,832 shares of the business's stock in a transaction on 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 completion of the sale, the insider directly owned 83,138 shares in the company, valued at approximately $23,336,836.60. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 32,878 shares of company stock worth $9,266,002. Company insiders own 18.10% of the company's stock.

Analyst Ratings Changes

ZS has been the topic of several research analyst reports. Bank of America raised their price target on shares of Zscaler from $285.00 to $340.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Scotiabank decreased their target price on shares of Zscaler from $360.00 to $334.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, September 3rd. KeyCorp lifted their target price on shares of Zscaler from $345.00 to $350.00 and gave the company an "overweight" rating in a research report on Wednesday, September 3rd. Wedbush reiterated an "outperform" rating and set a $330.00 target price on shares of Zscaler in a research report on Wednesday, September 3rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $340.00 target price on shares of Zscaler in a research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.00.

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.

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