TriaGen Wealth Management LLC Makes New Investment in Zscaler, Inc. $ZS

Key Points

• TriaGen Wealth Management LLC has acquired a new investment in Zscaler, Inc., purchasing 10,189 shares valued at approximately $3.2 million.
• Zscaler reported a 21.3% increase in revenue year-over-year for the quarter, reaching $719.23 million, and beat EPS expectations by $0.09.
• Analysts have set new price targets for Zscaler, with Susquehanna raising its target to $340.00 and Needham maintaining a $350.00 target, reflecting a generally positive outlook on the stock.

TriaGen Wealth Management LLC purchased a new stake in 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. The fund purchased 10,189 shares of the company's stock, valued at approximately $3,199,000. Zscaler comprises approximately 1.0% of TriaGen Wealth Management LLC's holdings, making the stock its 26th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS lifted its stake in shares of Zscaler by 16.0% in the second quarter. KLP Kapitalforvaltning AS now owns 37,800 shares of the company's stock worth $11,867,000 after acquiring an additional 5,200 shares during the period. AWM Capital LLC bought a new position in Zscaler during the 2nd quarter worth approximately $271,000. Valeo Financial Advisors LLC acquired a new position in shares of Zscaler in the 2nd quarter worth approximately $217,000. Checchi Capital Advisers LLC acquired a new position in shares of Zscaler in the 2nd quarter worth approximately $240,000. Finally, Donor Advised Charitable Giving Inc. bought a new stake in shares of Zscaler in the 2nd quarter valued at $232,000. Institutional investors and hedge funds own 46.45% of the company's stock.

Zscaler Stock Down 0.1%

Shares of NASDAQ:ZS opened at $305.24 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. Zscaler, Inc. has a 52-week low of $164.78 and a 52-week high of $318.46. The business's 50 day simple moving average is $282.51 and its two-hundred day simple moving average is $265.09. The firm has a market cap of $48.32 billion, a P/E ratio of -1,130.52 and a beta of 1.06.

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

Analysts Set New Price Targets

ZS has been the subject of a number of analyst reports. Susquehanna lifted their target price on shares of Zscaler from $320.00 to $340.00 and gave the stock a "positive" rating in a research note on Wednesday, September 3rd. Needham & Company LLC reiterated a "buy" rating and set a $350.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. B. Riley assumed coverage on Zscaler in a research report on Tuesday, August 26th. They issued a "neutral" rating and a $275.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Zscaler from $348.00 to $351.00 and gave the company an "overweight" rating in a research report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded Zscaler from a "hold" rating to a "buy" rating in a research report on Sunday, September 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Zscaler has an average rating of "Moderate Buy" and an average price target of $307.43.

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 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 completion of the sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Schlossman sold 7,006 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $305.57, for a total transaction of $2,140,823.42. Following the completion of the sale, the insider owned 76,132 shares in the company, valued at $23,263,655.24. This represents a 8.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,884 shares of company stock worth $11,406,825. 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.

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