Parisi Gray Wealth Management Takes $801,000 Position in Zscaler, Inc. $ZS

Parisi Gray Wealth Management acquired a new position in Zscaler, Inc. (NASDAQ:ZS) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,552 shares of the company’s stock, valued at approximately $801,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Avity Investment Management Inc. acquired a new position in Zscaler in the second quarter valued at approximately $228,000. OMNI 360 Wealth Inc. bought a new stake in Zscaler during the second quarter worth $306,000. Fiduciary Financial Group LLC bought a new stake in Zscaler during the second quarter worth $213,000. Norway Savings Bank grew its holdings in Zscaler by 6.1% during the second quarter. Norway Savings Bank now owns 5,965 shares of the company’s stock worth $1,873,000 after buying an additional 344 shares in the last quarter. Finally, HBW Advisory Services LLC bought a new stake in Zscaler during the second quarter worth $207,000. 46.45% of the stock is owned by institutional investors and hedge funds.

Zscaler Stock Performance

Shares of NASDAQ ZS opened at $283.19 on Monday. The stock has a market cap of $44.83 billion, a price-to-earnings ratio of -1,048.85 and a beta of 1.05. 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 1-year low of $164.78 and a 1-year high of $318.46. The stock’s 50-day moving average is $282.34 and its 200 day moving average is $254.49.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, September 2nd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. The company had revenue of $719.23 million for the quarter, compared to analysts’ expectations of $707.15 million. Zscaler had a negative return on equity of 0.47% and a negative net margin of 1.55%.Zscaler’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the firm posted $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, sell-side analysts anticipate that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,849 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $303.70, for a total transaction of $865,241.30. Following the transaction, the chief executive officer directly owned 353,565 shares of the company’s stock, valued at approximately $107,377,690.50. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Geller sold 3,662 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $306.72, for a total value of $1,123,208.64. Following the transaction, the insider directly owned 46,813 shares in the company, valued at $14,358,483.36. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,305 shares of company stock worth $7,093,136. 18.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ZS. Cantor Fitzgerald reiterated an “overweight” rating and set a $340.00 price target on shares of Zscaler in a report on Wednesday, September 3rd. Guggenheim reaffirmed a “neutral” rating on shares of Zscaler in a research report on Wednesday, September 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $350.00 price target on shares of Zscaler in a research report on Wednesday, September 3rd. FBN Securities raised Zscaler to a “strong-buy” rating in a research report on Friday, May 30th. Finally, Truist Financial reaffirmed a “buy” rating and set a $300.00 price target (up previously from $260.00) on shares of Zscaler in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.