Redhawk Wealth Advisors Inc. Buys New Position in Zscaler, Inc. $ZS

Key Points

• Redhawk Wealth Advisors Inc. has acquired a new stake in Zscaler, Inc. worth approximately $2.24 million, purchasing 7,121 shares during the 2nd quarter.
• Zscaler recently reported earnings of $0.89 per share, surpassing analyst expectations, with a revenue increase of 21.3% year-over-year.
• Analysts are optimistic about Zscaler's future, with price targets being raised and an average rating of "Moderate Buy" from multiple research firms.

Redhawk Wealth Advisors Inc. purchased a new stake in shares of Zscaler, Inc. (NASDAQ:ZS - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 7,121 shares of the company's stock, valued at approximately $2,236,000.

Other large investors have also recently modified their holdings of the company. ORG Partners LLC increased its position in shares of Zscaler by 284.8% during 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 during the last quarter. SVB Wealth LLC bought a new position in Zscaler during the first quarter valued at approximately $26,000. Goodman Advisory Group LLC purchased a new position in shares of Zscaler during the first quarter worth approximately $29,000. N.E.W. Advisory Services LLC bought a new stake in shares of Zscaler in the 1st quarter worth approximately $29,000. Finally, Elequin Capital LP bought a new stake in shares of Zscaler in the 4th quarter worth approximately $30,000. Institutional investors own 46.45% of the company's stock.

Zscaler Stock Up 1.1%

Shares of NASDAQ ZS traded up $3.16 on Friday, reaching $294.27. 2,049,598 shares of the company's stock traded hands, compared to its average volume of 1,883,776. The business's 50 day simple moving average is $280.39 and its two-hundred day simple moving average is $256.87. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46. The company has a market cap of $46.58 billion, a price-to-earnings ratio of -1,089.89 and a beta of 1.05. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.95.

Zscaler (NASDAQ:ZS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $719.23 million for the quarter, compared to analysts' expectations of $707.15 million. During the same quarter in the previous year, the business posted $0.88 EPS. Zscaler's revenue 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. As a group, equities research analysts forecast that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $280.70, for a total transaction 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. This trade represents a 0.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam Geller sold 11,193 shares of Zscaler stock in a transaction that occurred on Tuesday, September 16th. The stock was 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 owned 53,942 shares of the company's stock, valued at $15,141,519.40. This represents a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,878 shares of company stock worth $9,266,002 over the last three months. Company insiders own 18.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Bank of America raised their price objective on Zscaler from $285.00 to $340.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Mizuho raised their price target on Zscaler from $275.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. BTIG Research reiterated a "buy" rating on shares of Zscaler in a research report on Thursday, July 10th. Truist Financial reissued a "buy" rating and set a $300.00 price objective (up previously from $260.00) on shares of Zscaler in a research note on Friday, May 30th. Finally, Canaccord Genuity Group lifted their target price on shares of Zscaler from $320.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. One 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 stock. According to MarketBeat.com, Zscaler currently has a consensus rating of "Moderate Buy" and an average 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.