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J Sanford Miller, a ten percent owner of ZipRecruiter, Inc. (NASDAQ:ZIP), sold 5,811 shares of Class A Common Stock on July 28, 2025. The shares were sold at a weighted average price ranging from $4.62 to $4.64, netting approximately $26,963. The sale comes as ZIP trades near its 52-week low of $4.18, with the stock down over 53% in the past year. InvestingPro subscribers can access detailed insider trading patterns and 13 additional key insights about ZIP’s performance.
The transaction was executed by a family trust, of which Miller is the trustee. Following the sale, the trust no longer holds any shares directly. Despite the recent insider selling, ZipRecruiter maintains impressive gross profit margins of 89.5% and is scheduled to report its next earnings on August 11, 2025.
Miller also indirectly owns shares through Institutional Venture Partners XIV L.P., Institutional Venture Management XIV, LLC, Institutional Venture Partners XV, L.P., Institutional Venture Partners XV Executive Fund, L.P., and Institutional Venture Management XV, LLC. These entities hold 3,809,348, 10,459, 4,570,369, 24,294, and 4,247 shares, respectively. Miller disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
In other recent news, ZipRecruiter reported its first-quarter 2025 earnings, revealing a decline in revenue and a larger net loss compared to the previous year. Despite exceeding revenue forecasts, the company’s financial performance raised concerns among investors. Additionally, Moody’s downgraded ZipRecruiter’s Corporate Family Rating to B2, citing ongoing challenges in the online job marketplace. Goldman Sachs also adjusted its outlook, reducing the 12-month price target for ZipRecruiter from $8.00 to $7.00, while maintaining a Neutral stock rating.
In partnership news, ZipRecruiter has teamed up with Chase to become the exclusive hiring partner for the new Chase Sapphire Reserve for Business card. This collaboration offers cardmembers access to ZipRecruiter’s technology and a hiring credit of up to $400. Furthermore, businessman Marcus Lemonis has partnered with ZipRecruiter to help businesses find qualified talent, leveraging his business experience alongside the platform’s technology. These partnerships aim to enhance ZipRecruiter’s offerings amidst a challenging economic landscape.
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