SCHEDULE: EDRAM France Boosts ZipRecruiter Stake to 6.8%

EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) has increased its beneficial ownership in ZipRecruiter, Inc. Class A Common Stock to 6.8%.

Summary

• EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE) (EDRAM France) filed an Amendment No. 4 to Schedule 13G regarding its ownership in ZipRecruiter, Inc.
• EDRAM France beneficially owns an aggregate of 4,910,895 shares of ZipRecruiter's Class A Common Stock.
• This ownership represents 6.8% of the Class A Common Stock outstanding.
• The filing indicates EDRAM France has shared voting power over 4,500,725 shares and shared dispositive power over 4,500,725 shares.
• Additionally, EDRAM France holds sole dispositive power over 410,170 shares, but no sole voting power.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. A significant institutional holding indicates confidence, but the filing itself is a routine disclosure of passive ownership without new operational or financial news from the company.

Positives

• A significant institutional investor, EDMOND DE ROTHSCHILD ASSET MANAGEMENT (FRANCE), maintains a substantial stake (6.8%) in ZipRecruiter, Inc., indicating continued confidence in the company.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• "I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect."
• "I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to an investment manager is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s)."

Industry Context

This filing indicates continued institutional interest in the online recruitment and job marketplace sector, represented by ZipRecruiter. Large asset managers like EDRAM France often hold stakes in companies they believe have strong market positions or growth potential within their respective industries.

Comparison to Industry Standards

• EDRAM France's 6.8% stake in ZipRecruiter is a notable institutional holding, common for asset managers seeking exposure to specific sectors.
• Such passive stakes are typical for investment managers like BlackRock, Vanguard, or Fidelity, which often hold significant, non-controlling positions across numerous public companies as part of diversified portfolios.
• The certification that the holding is for ordinary course of business and not for control purposes aligns with standard practices for institutional investors filing Schedule 13G.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially reinforcing confidence in the stock due to a large, passive investor.

Key Dates

Recommendation

This filing is a routine disclosure of an institutional investor's passive stake and does not contain new operational or financial information about ZipRecruiter, Inc. As such, it does not provide a basis for a change in investment recommendation, suggesting a 'hold' position if already invested.

Keywords

ZipRecruiter, EDMOND DE ROTHSCHILD ASSET MANAGEMENT, EDRAM France, Class A Common Stock, Schedule 13G, Institutional Ownership, Investment Management, Beneficial Ownership