Zscaler, Inc. $ZS Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Zscaler, Inc. by 17.7% in the second quarter, acquiring an additional 4,443 shares, bringing their total ownership to 29,515 shares valued at approximately $9.29 million.
• Insider Robert Schlossman sold 3,832 shares for over $1 million, and insider Adam Geller sold 10,464 shares for nearly $3 million, resulting in significant decreases in their ownership stakes.
• Zscaler's stock is currently down 0.9% and opened at $291.57, with a 12-month high of $318.46 and a reported earnings per share (EPS) of $0.89 for the last quarter, surpassing analysts' expectations.

Wealth Enhancement Advisory Services LLC increased its holdings in Zscaler, Inc. (NASDAQ:ZS - Free Report) by 17.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,515 shares of the company's stock after buying an additional 4,443 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Zscaler were worth $9,291,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ZS. Longboard Asset Management LP acquired a new position in Zscaler during the 2nd quarter valued at about $211,000. Mn Services Vermogensbeheer B.V. boosted its stake in Zscaler by 16.4% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 37,600 shares of the company's stock valued at $11,804,000 after purchasing an additional 5,300 shares during the period. Secure Asset Management LLC boosted its stake in Zscaler by 1.8% during the 2nd quarter. Secure Asset Management LLC now owns 2,436 shares of the company's stock valued at $765,000 after purchasing an additional 43 shares during the period. Sivia Capital Partners LLC acquired a new position in Zscaler during the 2nd quarter valued at about $252,000. Finally, Dynamic Advisor Solutions LLC boosted its stake in Zscaler by 2.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,163 shares of the company's stock valued at $2,563,000 after purchasing an additional 176 shares during the period. 46.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In related news, insider Robert Schlossman sold 3,832 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were 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 of the company's stock, valued at $23,336,836.60. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Geller sold 10,464 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the sale, the insider owned 43,478 shares in the company, valued at $12,358,621.50. This represents a 19.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,878 shares of company stock valued at $9,266,002 in the last ninety days. Company insiders own 18.10% of the company's stock.

Zscaler Stock Down 0.9%

ZS stock opened at $291.57 on Tuesday. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46. The firm has a market cap of $46.16 billion, a PE ratio of -1,079.89 and a beta of 1.05. The firm has a 50 day simple moving average of $280.39 and a 200 day simple moving average of $258.25. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.01 and a quick ratio of 2.01.

Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results 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 net margin of 1.55% and a negative return on equity of 0.47%. The business had revenue of $719.23 million during the quarter, compared to analyst estimates of $707.15 million. During the same period in the prior year, the business earned $0.88 earnings per share. The business'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. Equities research analysts forecast that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ZS shares. Piper Sandler boosted their target price on shares of Zscaler from $260.00 to $280.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Wedbush reissued an "outperform" rating and set a $330.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Guggenheim reissued a "neutral" rating on shares of Zscaler in a research note on Wednesday, September 3rd. Wells Fargo & Company upgraded shares of Zscaler from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $260.00 to $385.00 in a research report on Friday, June 13th. Finally, B. Riley initiated coverage on shares of Zscaler in a research report on Tuesday, August 26th. They set a "neutral" rating and a $275.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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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