Signature Wealth Management Partners LLC Makes New $283,000 Investment in Zscaler, Inc. $ZS

Key Points

• Signature Wealth Management Partners LLC has made a new investment in Zscaler, Inc., purchasing 900 shares valued at approximately $283,000 in the second quarter.
• Analysts have mixed ratings for Zscaler, with one Strong Buy and a consensus target price of $307.43, while multiple firms recently updated their price objectives.
• Insider trading activity includes CEO Jagtar Singh Chaudhry selling 2,865 shares for around $804,205.50, representing a decrease in their holdings, amid an overall trend of insider sales totaling nearly $11.4 million over the past 90 days.

Signature Wealth Management Partners LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 900 shares of the company's stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of Zscaler by 35.5% during the 1st quarter. Parallel Advisors LLC now owns 462 shares of the company's stock valued at $92,000 after buying an additional 121 shares during the period. Rhumbline Advisers grew its stake in shares of Zscaler by 3.7% during the 1st quarter. Rhumbline Advisers now owns 133,305 shares of the company's stock valued at $26,450,000 after buying an additional 4,726 shares during the period. Merit Financial Group LLC grew its stake in shares of Zscaler by 42.0% during the 1st quarter. Merit Financial Group LLC now owns 6,197 shares of the company's stock valued at $1,230,000 after buying an additional 1,832 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Zscaler by 295.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 158 shares of the company's stock valued at $31,000 after buying an additional 118 shares during the period. Finally, Armstrong Fleming & Moore Inc purchased a new stake in shares of Zscaler during the 1st quarter valued at $256,000. 46.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZS has been the subject of several research reports. UBS Group lowered their price objective on shares of Zscaler from $365.00 to $350.00 and set a "buy" rating for the company in a research note on Wednesday, September 3rd. Stifel Nicolaus boosted their price objective on shares of Zscaler from $295.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Wedbush restated an "outperform" rating and set a $330.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. B. Riley started coverage on shares of Zscaler in a report on Tuesday, August 26th. They set a "neutral" rating and a $275.00 target price on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $350.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $307.43.

Insider Activity

In other Zscaler 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 transaction, the chief executive officer owned 350,700 shares in the company, valued at $98,441,490. The trade was a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam Geller sold 11,193 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 $3,141,875.10. Following the completion of the transaction, the insider owned 53,942 shares in the company, valued at $15,141,519.40. This represents a 17.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,884 shares of company stock worth $11,406,825. 18.10% of the stock is owned by corporate insiders.

Zscaler Stock Performance

Shares of ZS stock opened at $305.41 on Friday. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46. 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 firm has a market capitalization of $48.35 billion, a P/E ratio of -1,131.15 and a beta of 1.06. The company's fifty day moving average price is $282.18 and its two-hundred day moving average price is $263.56.

Zscaler (NASDAQ:ZS - Get Free Report) last issued 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. 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 in the previous year, the business posted $0.88 EPS. The firm'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. On average, research analysts anticipate that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

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.

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