Checchi Capital Advisers LLC Takes $240,000 Position in Zscaler, Inc. $ZS

Checchi Capital Advisers LLC bought a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 763 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors also recently made changes to their positions in the stock. Secure Asset Management LLC grew its holdings in shares of Zscaler by 1.8% during the second 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 last quarter. Quintet Private Bank Europe S.A. grew its holdings in shares of Zscaler by 4.7% during the first quarter. Quintet Private Bank Europe S.A. now owns 1,120 shares of the company’s stock valued at $222,000 after purchasing an additional 50 shares during the last quarter. Exane Asset Management grew its holdings in shares of Zscaler by 185.7% during the second quarter. Exane Asset Management now owns 100 shares of the company’s stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Zscaler by 0.3% during the first quarter. Cerity Partners LLC now owns 22,928 shares of the company’s stock valued at $4,549,000 after purchasing an additional 68 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in shares of Zscaler by 2.6% during the first quarter. Koshinski Asset Management Inc. now owns 2,801 shares of the company’s stock valued at $556,000 after purchasing an additional 70 shares during the last quarter. 46.45% of the stock is owned by institutional investors.

Insider Transactions at Zscaler

In other news, insider Adam Geller sold 10,464 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $284.25, for a total transaction of $2,974,392.00. Following the completion of the sale, the insider owned 43,478 shares in the company, valued at approximately $12,358,621.50. This represents a 19.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raj Judge sold 4,524 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 $1,269,886.80. Following the sale, the executive vice president owned 73,832 shares of the company’s stock, valued at $20,724,642.40. This trade represents a 5.77% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,884 shares of company stock valued at $11,406,825. 18.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on ZS shares. Wedbush reaffirmed an “outperform” rating and set a $330.00 target price on shares of Zscaler in a report on Wednesday, September 3rd. Zacks Research raised Zscaler from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Royal Bank Of Canada increased their price objective on Zscaler from $335.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $350.00 price objective on shares of Zscaler in a report on Wednesday, September 3rd. Finally, Rosenblatt Securities increased their price objective on Zscaler from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $307.43.

Zscaler Stock Performance

ZS opened at $292.75 on Wednesday. The company has a market capitalization of $46.34 billion, a price-to-earnings ratio of -1,084.26 and a beta of 1.06. 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, Inc. has a 1-year low of $164.78 and a 1-year high of $318.46. The business has a 50 day moving average price of $282.56 and a two-hundred day moving average price of $265.29.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 2nd. The company reported $0.89 earnings per share 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 firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm 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. Research analysts predict that Zscaler, Inc. will post -0.1 EPS for the current fiscal year.

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.