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Timothy G. Yarbrough, Executive Vice President and Chief Financial Officer of ZipRecruiter, Inc. (NYSE:ZIP), recently sold 5,325 shares of the company's Class A Common Stock. The sale, conducted on January 6, 2025, was part of a pre-established trading plan under Rule 10b5-1. The shares were sold at a weighted average price of $7.24, with individual transaction prices ranging from $6.93 to $7.40, totaling approximately $38,566. The stock currently trades at $6.81, near its 52-week low of $6.76, having declined over 50% in the past year. According to InvestingPro analysis, ZipRecruiter shows signs of being undervalued despite maintaining impressive gross profit margins of nearly 90%.
Following this transaction, Yarbrough holds 127,372 shares indirectly through the Yarbrough Family Trust, a living trust where he serves as co-trustee. Additionally, he directly owns 248,680 shares of ZipRecruiter. The company, with a market capitalization of $666 million, maintains strong liquidity with a current ratio of 7.41. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report, offering detailed analysis of ZipRecruiter's financial health and growth prospects.
In other recent news, ZipRecruiter's financial performance for the third quarter of 2024 was outlined in their latest earnings call. The company's executives, including CEO Ian Siegel, President David Travers, and CFO Tim Yarborough, focused on their Q3 results and provided guidance for Q4. They expressed confidence in their Q3 performance and Q4 outlook, despite emphasizing potential risks and uncertainties that could influence future results.
The company's detailed financial information is accessible in their Form 10-Q report. During the call, no specific financial misses were discussed, and the Q&A session allowed for further clarification from analysts and investors. As part of the recent developments, it is important to note that while the company's management has provided forward-looking statements, these are subject to potential risks that could affect ZipRecruiter's future financial outcomes.
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