Insider Selling: ZipRecruiter (NYSE:ZIP) CEO Sells 9,722 Shares of Stock

ZipRecruiter, Inc. (NYSE:ZIP) CEO Ian Siegel sold 9,722 shares of ZipRecruiter stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $2.07, for a total value of $20,124.54. Following the transaction, the chief executive officer owned 140,318 shares in the company, valued at approximately $290,458.26. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

ZipRecruiter Stock Performance

ZIP stock traded down $0.03 during mid-day trading on Wednesday, hitting $1.96. 720,658 shares of the company were exchanged, compared to its average volume of 1,393,569. The company has a debt-to-equity ratio of 39.98, a quick ratio of 7.41 and a current ratio of 7.41. The company has a market capitalization of $191.00 million, a P/E ratio of 97.80 and a beta of 1.18. ZipRecruiter, Inc. has a 1-year low of $1.65 and a 1-year high of $6.55.

Hedge Funds Weigh In On ZipRecruiter

A number of institutional investors have recently added to or reduced their stakes in ZIP. Dynamic Technology Lab Private Ltd grew its holdings in ZipRecruiter by 11.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 28,229 shares of the company’s stock worth $119,000 after purchasing an additional 2,824 shares during the period. CWM LLC grew its holdings in ZipRecruiter by 32.8% during the third quarter. CWM LLC now owns 16,452 shares of the company’s stock worth $69,000 after purchasing an additional 4,065 shares during the period. Jump Financial LLC grew its holdings in ZipRecruiter by 46.3% during the second quarter. Jump Financial LLC now owns 15,403 shares of the company’s stock worth $77,000 after purchasing an additional 4,872 shares during the period. Legal & General Group Plc grew its holdings in ZipRecruiter by 7.5% during the second quarter. Legal & General Group Plc now owns 70,861 shares of the company’s stock worth $355,000 after purchasing an additional 4,922 shares during the period. Finally, Creative Planning lifted its holdings in ZipRecruiter by 20.5% during the 2nd quarter. Creative Planning now owns 29,838 shares of the company’s stock valued at $149,000 after purchasing an additional 5,069 shares during the last quarter. 70.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on ZIP. UBS Group lowered their target price on ZipRecruiter from $4.50 to $2.50 and set a “neutral” rating for the company in a report on Thursday, February 26th. Barclays cut their price target on ZipRecruiter from $5.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, ZipRecruiter has an average rating of “Hold” and an average target price of $4.00.

About ZipRecruiter

ZipRecruiter, Inc operates an online employment marketplace that connects job seekers and employers. Its platform provides various solutions, such as job posting, online interviews, job alerts, match scores, and application updates. The company was incorporated in 2010 and is based in Santa Monica, California.