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Timothy G. Yarbrough, the Executive Vice President and Chief Financial Officer of ZipRecruiter, Inc. (NYSE:ZIP), recently sold shares of the company. According to a filing with the Securities and Exchange Commission, Yarbrough sold a total of 4,414 shares of ZipRecruiter’s Class A common stock. The shares were sold at a weighted average price of approximately $7.90, resulting in a total transaction value of $34,855. The stock has shown strong momentum recently, with InvestingPro data showing a 16.7% return over the past week.
The sale was conducted as part of a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling their shares. Following this transaction, Yarbrough holds 122,958 shares indirectly through the Yarbrough Family Trust and 248,680 shares directly. Notably, InvestingPro data reveals that management has been actively buying back shares, while maintaining impressive gross profit margins of nearly 90%.
This transaction highlights ongoing insider trading activity within ZipRecruiter, a leading online employment marketplace, as it navigates the competitive landscape of the technology sector. The company maintains a strong financial position with liquid assets exceeding short-term obligations. For deeper insights into ZIP’s valuation and 15 additional ProTips, visit InvestingPro.
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