Hims & Hers stock pares losses on data despite Novo Nordisk litigation fears
Ryan T. Sakamoto, the Executive Vice President and Chief Legal Officer of ZipRecruiter, Inc. (NYSE:ZIP), recently sold 2,495 shares of the company’s Class A common stock. The online employment marketplace company, currently valued at $681 million, maintains impressive gross profit margins of 90% and shows strong liquidity with a current ratio of 7.4x. The shares were sold at a weighted average price of $7.3456, totaling approximately $18,327. These transactions were executed as part of a pre-established Rule 10b5-1 trading plan adopted by Sakamoto in September 2024. According to InvestingPro data, the stock currently trades at $6.96, slightly below the insider’s sale price, with the company’s next earnings report due in just 4 days.
Following the sale, Sakamoto retains direct ownership of 109,907 shares and indirect ownership of 77,700 shares held by the Sakamoto Living Trust. The shares were sold in multiple transactions, with prices ranging from $7.15 to $7.55 per share. While this insider sale occurs, InvestingPro analysis reveals 12 additional key insights about ZIP’s valuation and financial health, available in the comprehensive Pro Research Report.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.