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Stephen J Harrick, a ten percent owner of ZIPRECRUITER, INC. (NASDAQ:ZIP), sold 163,114 shares of Class A Common Stock for approximately $859,917, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as ZIP trades near $5.25, down over 41% in the past year, though InvestingPro analysis suggests the stock is currently fairly valued.
The sales occurred in two tranches. On July 3, 2025, Harrick sold 147,797 shares in multiple transactions at prices ranging from $5.22 to $5.31. On July 7, 2025, he sold an additional 15,317 shares, this time at prices ranging from $5.27 to $5.36. Despite recent stock performance, ZIP maintains strong fundamentals with an impressive 89.5% gross profit margin and healthy liquidity, as shown by its 7.02 current ratio.
Following these transactions, Harrick directly holds zero shares through a family trust but indirectly holds: 3,809,348 shares through Institutional Venture Partners XIV L.P., 10,459 shares through Institutional Venture Management XIV, LLC, 4,570,369 shares through Institutional Venture Partners XV, L.P., 24,294 shares through Institutional Venture Partners XV Executive Fund, L.P., and 4,247 shares through Institutional Venture Management XV, LLC. While currently unprofitable, analysts tracked by InvestingPro expect ZIP to return to profitability this year. Get the complete financial health analysis and 8 additional key insights with InvestingPro.
In other recent news, ZipRecruiter has reported its first-quarter 2025 earnings, revealing a 10% decline in revenue compared to the previous year, totaling $110 million. The company also experienced a net loss of $12.8 million, nearly double the loss from the same period in 2024. Despite these challenges, ZipRecruiter maintains a strong liquidity position with $468 million in cash and cash equivalents. Analysts at Goldman Sachs have adjusted their outlook on the company, reducing the 12-month price target to $7.00 from $8.00, while maintaining a Neutral stock rating. This adjustment follows ZipRecruiter’s Q1 2025 earnings release, which narrowly met the upper end of their guidance. Moody’s has downgraded ZipRecruiter’s Corporate Family Rating to B2 from B1 due to ongoing challenges in the online job marketplace. The downgrade reflects declining hiring volumes and deteriorating credit metrics. Despite these setbacks, ZipRecruiter continues to focus on long-term platform and product initiatives to boost activity for both job seekers and employers.
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