Bartolome Lora, Senior Vice President of Accounting and Controller at ZipRecruiter, Inc. (NYSE:ZIP), recently sold 2,289 shares of the company's Class A Common Stock. The sale comes as ZIP trades near its 52-week low, with the stock down over 8% in the past week. According to InvestingPro data, the company maintains impressive gross profit margins of nearly 90%. The transactions, executed on December 18, were completed at a weighted average price of $7.86 per share, with prices ranging from $7.39 to $8.14. This sale amounted to a total value of $17,991. Following the transaction, Lora holds 14,278 shares directly. The sale was conducted under a pre-established Rule 10b5-1 trading plan, which Lora adopted on March 4, 2024. InvestingPro analysis indicates the stock is currently undervalued, with 13 additional ProTips available to subscribers, offering deeper insights into ZIP's financial health and market position.
In other recent news, ZipRecruiter, Inc. disclosed its financial performance for the third quarter of 2024 and offered guidance for the fourth quarter in a recent earnings call. The company's executives, including CEO Ian Siegel, President David Travers, and CFO Tim Yarborough, highlighted the company's Q3 performance and Q4 outlook. It was underscored that forward-looking statements carry inherent uncertainties and potential risks that could influence future events and financial outcomes. Despite this, ZipRecruiter's management expressed confidence in their Q3 performance and Q4 guidance. However, the call also emphasized the risk factors that could lead to results differing from predictions. No specific financial misses were discussed during the call. The detailed financial results are accessible in the company's Form 10-Q report. These are recent developments concerning ZipRecruiter.
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