RFG Advisory LLC Purchases New Position in Zscaler, Inc. $ZS

RFG Advisory LLC bought a new position in Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, Holdings Channel reports. The firm bought 709 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors also recently bought and sold shares of ZS. Parisi Gray Wealth Management bought a new stake in Zscaler during the 2nd quarter valued at $801,000. GAMMA Investing LLC raised its position in shares of Zscaler by 43.1% in the 1st quarter. GAMMA Investing LLC now owns 641 shares of the company’s stock worth $127,000 after acquiring an additional 193 shares in the last quarter. Howe & Rusling Inc. lifted its stake in shares of Zscaler by 17.1% during the 1st quarter. Howe & Rusling Inc. now owns 24,672 shares of the company’s stock worth $4,895,000 after purchasing an additional 3,611 shares during the last quarter. Focus Partners Wealth boosted its position in Zscaler by 2.5% during the first quarter. Focus Partners Wealth now owns 62,083 shares of the company’s stock valued at $12,319,000 after purchasing an additional 1,517 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Zscaler by 47.4% during the first quarter. Allworth Financial LP now owns 1,002 shares of the company’s stock valued at $211,000 after purchasing an additional 322 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Susquehanna boosted their price objective 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. Scotiabank reduced their price target on Zscaler from $360.00 to $334.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, September 3rd. BMO Capital Markets raised their price objective on Zscaler from $295.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 3rd. Wedbush restated an “outperform” rating and set a $330.00 target price on shares of Zscaler in a research note on Wednesday, September 3rd. Finally, Piper Sandler increased their price target on Zscaler from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $307.43.

Zscaler Stock Up 0.3%

Zscaler stock opened at $300.25 on Monday. The business’s 50-day simple moving average is $286.62 and its two-hundred day simple moving average is $271.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $47.53 billion, a PE ratio of -1,112.04 and a beta of 1.06. Zscaler, Inc. has a fifty-two week low of $164.78 and a fifty-two week high of $319.89.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The firm had revenue of $719.23 million during the quarter, compared to the consensus estimate of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current year.

Insider Buying and Selling at Zscaler

In other news, CEO Jagtar Singh Chaudhry sold 2,865 shares of the 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 in the company, valued at $98,441,490. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raj Judge sold 4,524 shares of the firm’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 $1,269,886.80. Following the transaction, the executive vice president directly owned 73,832 shares of the company’s stock, valued at approximately $20,724,642.40. This trade represents a 5.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,884 shares of company stock valued at $11,406,825 over the last quarter. Insiders own 18.10% of the company’s stock.

Zscaler 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.