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ZipRecruiter, Inc. (NASDAQ:ZIP) Executive Vice President, Chief Technology Officer, Boris F. Shimanovsky, sold 4,088 shares of Class A Common Stock on June 20, 2025, for approximately $20,753. The transaction comes as ZIP shares have declined over 10% in the past week, according to InvestingPro data.
The shares were sold at a weighted average price of $5.0767, with individual sales prices ranging from $4.99 to $5.17. The transaction was executed under a Rule 10b5-1 trading plan adopted on December 10, 2024. Despite recent insider selling, InvestingPro analysis shows management has been actively buying back shares, demonstrating confidence in the company’s value.
Following the transaction, Shimanovsky directly owns 324,607 shares of ZipRecruiter, Inc. The company maintains strong fundamentals with impressive gross profit margins of 89.5% and a healthy current ratio of 7.02, according to InvestingPro’s detailed financial analysis, which includes 8 additional key insights available to subscribers.
In other recent news, ZipRecruiter reported its first-quarter 2025 earnings, revealing a revenue of $110 million, which exceeded forecasts but marked a 10% decline compared to the previous year. The company also reported a net loss of $12.8 million, nearly double the loss from the same period last year. Despite the revenue surpassing expectations, the decline in revenue and net loss raised concerns among investors. ZipRecruiter’s management noted a cautious stance among employers due to macroeconomic uncertainties, impacting the company’s future revenue guidance, which fell below some analyst expectations, including those from Goldman Sachs. Analysts at Goldman Sachs subsequently adjusted their outlook on ZipRecruiter, reducing the 12-month price target from $8.00 to $7.00 while maintaining a Neutral stock rating. The company remains optimistic about achieving year-over-year revenue growth by the fourth quarter of 2025, projecting second-quarter revenue to reach $111 million. ZipRecruiter continues to focus on long-term platform and product initiatives, aiming to leverage the shift towards online recruiting. The company maintains a strong balance sheet with $468 million in cash, providing financial flexibility amid the current economic landscape.
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