Independent Solutions Wealth Management LLC Buys 146 Shares of Zscaler, Inc. $ZS

Independent Solutions Wealth Management LLC boosted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 1.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,057 shares of the company’s stock after acquiring an additional 146 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Zscaler were worth $3,785,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ZS. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Zscaler by 295.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 158 shares of the company’s stock worth $31,000 after purchasing an additional 118 shares during the period. Wedmont Private Capital bought a new stake in shares of Zscaler in the first quarter valued at about $418,000. Farther Finance Advisors LLC lifted its holdings in shares of Zscaler by 161.0% in the first quarter. Farther Finance Advisors LLC now owns 890 shares of the company’s stock valued at $179,000 after purchasing an additional 549 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Zscaler by 85.9% in the first quarter. Pallas Capital Advisors LLC now owns 8,347 shares of the company’s stock valued at $1,656,000 after purchasing an additional 3,856 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Zscaler by 43.1% in the first quarter. GAMMA Investing LLC now owns 641 shares of the company’s stock valued at $127,000 after purchasing an additional 193 shares in the last quarter. 46.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zscaler

In other news, insider Robert Schlossman sold 7,006 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $305.57, for a total value of $2,140,823.42. Following the sale, the insider directly owned 76,132 shares of the company’s stock, valued at approximately $23,263,655.24. This represents a 8.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam Geller sold 11,193 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were 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 directly owned 53,942 shares in the company, valued at approximately $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. In the last quarter, insiders have sold 39,884 shares of company stock valued at $11,406,825. Insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ZS. KeyCorp lifted their price target on shares of Zscaler from $345.00 to $350.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. UBS Group lowered their price target on shares of Zscaler from $365.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, September 3rd. Piper Sandler lifted their price target 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. Robert W. Baird lifted their price target on shares of Zscaler from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Wednesday, September 3rd. Finally, Guggenheim reiterated a “neutral” rating on shares of Zscaler in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.43.

Zscaler Price Performance

Shares of NASDAQ:ZS opened at $305.24 on Tuesday. The firm has a 50 day moving average of $282.51 and a 200-day moving average of $265.09. The stock has a market capitalization of $48.32 billion, a PE ratio of -1,130.52 and a beta of 1.06. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.95. Zscaler, Inc. has a 12 month low of $164.78 and a 12 month high of $318.46.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data 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. The business had revenue of $719.23 million during the quarter, compared to analysts’ expectations of $707.15 million. Zscaler had a negative net margin of 1.55% and a negative return on equity of 0.47%. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. Zscaler has set its FY 2026 guidance at 3.640-3.680 EPS. Q1 2026 guidance at 0.850-0.860 EPS. On average, equities research analysts predict that Zscaler, Inc. will post -0.1 EPS 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.