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LegalZoom (LZ) chief legal officer Miller sells $226k in stock

Published 19/11/2025, 00:58
LegalZoom (LZ) chief legal officer Miller sells $226k in stock
LZ
0.60%

LegalZoom.com NASDAQ:LZ Chief Legal Officer Nicole Miller sold 23,506 shares of common stock on November 18, 2025, at a price of $9.63, for a total of $226,362. According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed under a Rule 10b5-1 trading plan adopted on May 19, 2025. The sale occurred at a price below InvestingPro’s Fair Value estimate, with the stock currently trading at $9.41 after a strong YTD return of 25.43%.

The filing also indicates that on November 15, 2025, Ms. Miller disposed of 203,571 shares of LegalZoom common stock at a price of $10.01 per share. This transaction, totaling $2,037,745, represents shares withheld to cover tax obligations upon the vesting of restricted stock units. The company maintains impressive gross profit margins of 65.69% and is expected to grow its net income this year, according to InvestingPro data.

Following these transactions, Miller directly owns 868,627 shares of LegalZoom.com. Despite trading at a high P/E ratio of 80.42, the company holds more cash than debt on its balance sheet and maintains a "GOOD" overall financial health score. InvestingPro offers 10 additional insights and a comprehensive Pro Research Report on LegalZoom, one of 1,400+ US equities covered with in-depth analysis.

In other recent news, LegalZoom.com Inc. reported its third-quarter earnings for 2025, demonstrating strong financial performance with revenue surpassing analyst expectations. However, the company’s earnings per share (EPS) did not meet projections. Following this report, the stock experienced notable activity in aftermarket trading. In a related development, William Blair upgraded LegalZoom’s stock rating from Market Perform to Outperform. This upgrade was attributed to what the firm described as "an impressive beat-and-raise" quarterly report, highlighting accelerating organic revenue growth for the second consecutive quarter. These developments reflect recent actions and assessments surrounding LegalZoom, offering investors insights into the company’s current financial standing and market perception.

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