Kevin Rubin, an insider at Zscaler Inc (ZS), sold 48,161 shares of the company on December 15, 2025, at a price of $230.82 per share, totaling $11.12 million. Following this transaction, Rubin retains the same number of shares in Zscaler.
Zscaler, headquartered in San Jose, California, provides a cloud-based internet security platform. The company, which went public on March 16, 2018, employs 7,923 full-time staff and has developed a comprehensive platform that enables secure access to cloud resources based on user identity and organizational policies. Its Zscaler Zero Trust Exchange platform safeguards thousands of customers against cyber threats by securely connecting users, devices, and applications regardless of location.
As of December 16, 2025, Zscaler boasts a market capitalization of $36.4 billion and an earnings per share (EPS) of -0.26. The company is scheduled to report its upcoming earnings on May 27, 2026, with an EPS estimate of $0.97 and projected revenue of $856.8 million.
Insider transactions, such as Rubin's sale, are reported to the SEC and provide insights into how executives view their company's stock. While such sales can occur for various reasons, including personal financial needs or tax planning, they should be considered alongside other fundamental and technical factors rather than in isolation. Investors are encouraged to analyze patterns of insider trading over time for a more comprehensive understanding of market sentiment.