Evan Lesser, President of ClearanceJobs at DHI Group Inc. (NYSE: ), sold 700 shares of the company’s common stock on January 13, 2025. The shares were sold at a price of $2.25 each, for a total of $1,575. The transaction comes as DHX is showing strong momentum, with shares up over 26% year-to-date and maintaining impressive gross profit margins of 86%. According to InvestingPro analysis, DHX is currently trading below its fair value. Following this transaction, Lesser directly holds 299,590 shares. The sale was made under a predetermined Rule 10b5-1 trading plan, which allows insiders to set a predetermined schedule for selling shares to avoid potential conflicts of interest. InvestingPro subscribers can access 10 additional key insights about DHX, including detailed financial health metrics that show the company maintains a “GOOD” overall financial health score.
In other recent news, DHI Group, Inc. announced a significant reorganization into two different divisions, Dice and ClearanceJobs, with the aim of simplifying operations and better delivering results for shareholders. This restructuring, which will be completed by February 2025, will result in an 8% workforce reduction and is expected to generate annual cost savings of approximately $4.0 million to $6.0 million. Meanwhile, DHI Group reported mixed financial results for the third quarter, with total revenue down 6% to $35.3 million, ClearanceJobs revenue up 6% and Dice revenue down 12%. Amid these changes, CFO Raime Leeby announced her departure, and Greg Schippers stepped in as interim CFO.
With these developments, DHI Group anticipates a recovery in the employment of technical workers in 2025, in line with industry growth forecasts. Despite a net loss of $200,000, compared to net income of $1 million in the prior year, the company maintains a positive outlook, expecting a decline in bookings and revenue in the fourth quarter, but predicting a rebound in tech hiring by mid-2025. The company’s focus remains on operational efficiency and increased growth in the field of employment of technical workers, as highlighted in InvestingPro’s analysis. These recent developments reflect DHI Group’s commitment to weather challenging periods while preparing for future growth opportunities.
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