Timothy G. Yarbrough, the Executive Vice President and Chief Financial Officer of ZipRecruiter, Inc. (NYSE:ZIP), recently sold a portion of his holdings in the company. According to InvestingPro data, this insider transaction comes as the stock trades near its 52-week low of $7.21, having declined about 47% over the past year. According to a recent SEC filing, Yarbrough sold 6,070 shares of Class A Common Stock on December 19. The shares were sold at a weighted average price of $7.3673, with individual sale prices ranging from $7.25 to $7.53, totaling approximately $44,719. Following this transaction, Yarbrough holds 132,697 shares indirectly through the Yarbrough Family Trust and 248,680 shares directly. The sales were conducted under a pre-arranged Rule 10b5-1 trading plan established in September 2023. Despite the insider sale, InvestingPro analysis suggests the stock is currently undervalued, with impressive gross profit margins of 89.5%. InvestingPro subscribers have access to 14 additional key insights about ZIP, including detailed valuation metrics and financial health indicators.
In other recent news, ZipRecruiter, Inc. disclosed its financial performance for the third quarter of 2024 and provided an outlook for the fourth quarter. The company’s executives, including CEO Ian Siegel, President David Travers, and CFO Tim Yarborough, expressed confidence in their Q3 performance and Q4 guidance. However, they also reminded the audience about the forward-looking nature of these statements and the associated risks.
No specific financial misses were discussed during the call, and the detailed financial results are available in ZipRecruiter’s quarterly report on Form 10-Q. The earnings call also provided an opportunity for analysts and investors to seek clarifications on the company’s performance and future expectations.
These are recent developments, and while the company’s management has provided an outlook, they have also emphasized that potential risks and uncertainties could affect the accuracy of their predictions.
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